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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 17,934 $ 12,620
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 990 1,426
Depreciation and amortization of premises and equipment 1,521 1,775
Amortization (accretion) of premiums on investments, net 131 (8)
Amortization of FDIC indemnification asset, net 957 2,918
Amortization of intangible assets 524 524
Accretion on acquired loans (3,204) (2,880)
Equity-based compensation expense 745 502
Issuance of treasury stock to 401(k) plan 229 236
Loss on sale of premises and equipment, net 6 14
Loss on sale of other real estate owned 771 386
Loss on sale of securities 657
Decrease in accrued interest receivable 198 481
Decrease (increase) in other operating activities 340 (4,273)
Net cash provided by operating activities 21,142 14,378
Investing activities    
Proceeds from sale of securities available for sale 55 12,273
Proceeds from maturities, prepayments, and calls of securities available for sale 33,948 14,823
Proceeds from maturities and calls of securities held to maturity 21,840
Payments to acquire securities available for sale (67,355) (16,990)
Proceeds from loans, net 16,783 12,457
Proceeds from bank owned life insurance 458 2,639
Proceeds from FHLB stock, net 3 694
Proceeds from the FDIC 208 368
Proceeds from premises and equipment 489 28
Payments to acquire premises and equipment (384) (1,438)
Proceeds from sale of other real estate owned 785 1,736
Net cash (used in) provided by investing activities (15,010) 48,430
Financing activities    
Increase in noninterest-bearing deposits, net 8,708 16,095
Increase in interest-bearing deposits, net (33,861) (59)
Repayments of securities sold under agreements to repurchase, net (2,217) (11,994)
Repayments of FHLB and other borrowings, net (30,708)
Proceeds from stock options exercised 157 47
Payments for repurchase of treasury stock (14,715) (256)
Payments of common dividends (14,198) (5,441)
Net cash used in financing activities (56,126) (32,316)
Net (decrease) increase in cash and cash equivalents (49,994) 30,492
Cash and cash equivalents at beginning of period 157,951 [1] 76,307
Cash and cash equivalents at end of period 107,957 106,799
Supplemental disclosure -- cash flow information    
Cash paid for interest 4,001 4,284
Cash paid for income taxes 4,000 9,812
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 3,928 775
(Increase) decrease in accumulated other comprehensive loss $ (1,745) $ 2,010
[1] Derived from audited financial statements