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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Operating Activities          
Net Income $ 12,217 $ 10,234 $ 25,037 $ 20,310  
Adjustments to reconcile net income to net cash provided by operating activities:          
Originations of mortgage loans held for sale     (101,749) (86,658)  
Proceeds from the sale of mortgage loans     99,778 93,557  
Gain on sale of mortgage loans, net of origination costs     (2,550) (2,656)  
Depreciation and amortization expense     1,907 1,844  
Investment securities amortization and accretion, net     1,559 1,551  
Purchase accounting accretion, net     (1,031) (1,487)  
Stock-based compensation expense     1,011 816  
Provision for credit losses 983 1,401 486 1,980 $ 3,035
Amortization of intangible assets 181 472 362 944  
Net (gain) loss on sale of premises and equipment     (34) 11  
Net gain on sale of investment securities     (31) 0  
Net increase in other real estate owned valuation allowance and gain on disposition     0 60  
(Increase) decrease in other assets     (3,634) 2,550  
Increase in other liabilities     10,065 1,167  
Net cash provided by operating activities     31,176 33,869  
Investing Activities          
Proceeds from maturities of held-to-maturity securities     750 0  
Proceeds from the sale and maturity of available-for-sale securities     73,264 67,650  
Purchase of available-for-sale securities     (100,615) (97,278)  
Net increase in loans     (85,274) (141,360)  
Purchase of Federal Home Loan Bank stock     (8,450) (7,058)  
Proceeds from sale of Federal Home Loan Bank stock     6,550 3,121  
Purchase of premises and equipment     1,695 1,440  
Proceeds from the sale of premises and equipment     749 137  
Proceeds from the liquidation of equity investment     205 0  
Recoveries of previously charged-off loans     199 317  
Proceeds from the sale of other real estate owned     0 641  
Net cash used by investing activities     (114,317) (175,270)  
Financing Activities          
Net increase in deposits     55,703 112,501  
Net proceeds from borrowings less than 90 days     49,830 46,929  
Repayments of wholesale repurchase agreements     0 (5,000)  
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings     (421) (545)  
Cash dividends paid on common stock     7,796 7,158  
Net cash provided by financing activities     97,316 146,727  
Net increase in cash, cash equivalents and restricted cash     14,175 5,326  
Cash, cash equivalents, and restricted cash at beginning of period     102,971 87,707 87,707
Cash, cash equivalents and restricted cash at end of period $ 117,146 $ 93,033 117,146 93,033 $ 102,971
Supplemental information          
Interest paid     13,707 9,740  
Income taxes paid     $ 5,176 $ 4,927