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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net Income $ 97,707 $ 84,167 $ 54,258
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for Credit Losses 11,331 14,638 10,879
Depreciation and amortization 6,226 7,780 9,027
Gains on sale of loans (11,564) (11,973) (6,886)
Securities premium amortization (discount accretion), net 4,524 3,514 3,456
Origination of loans held for sale (857,601) (910,595) (572,342)
Proceeds from sale of loans held for sale 865,028 919,393 576,941
Net increase in cash surrender value of Bank Owned Life Insurance (1,554) (1,589) (1,283)
Deferred income tax benefit (5,628) (6,729) (7,540)
Decrease in value of other real estate owned 200 1,100 638
Net (gain) loss on sale of other real estate owned (682) 328 154
Net gain on sale of investment securities (1,194) (2,254) (22)
Loss on early extinguishment of debt 1,130
Stock-based compensation expense 6,907 5,073 3,981
Tax benefits realized from stock compensation (400) (2,984) (978)
Increase in other assets (5,025) (3,725) (12,631)
Increase in other liabilities 8,545 1,315 1,856
Net cash provided by operating activities 116,820 98,589 59,508
Cash Flows From Investing Activities:      
Decrease (increase) in interest bearing deposits with other banks and short-term investments 2,496 3,058 (634)
Purchases of available for sale investment securities (236,991) (274,904) (50,404)
Proceeds from maturities of available for sale securities 84,259 53,966 37,571
Proceeds from sale/call of available for sale securities 94,310 111,696 49,902
Purchases of Federal Reserve and Federal Home Loan Bank stock (8,502) (2,443) (5,650)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock (2,125) (8,100) (1,374)
Net increase in loans (687,362) (695,720) (595,543)
Proceeds from sale of other real estate owned 6,139 5,477 520
Purchases of BOLI (499) (1,058)
Purchases of annuities (992)
Acquisition of Virginia Heritage, net of cash (156,581)
Bank premises and equipment acquired (7,426) (4,660) (5,223)
Net cash used in investing activities (750,952) (796,921) (725,726)
Cash Flows From Financing Activities:      
Increase in deposits 557,670 847,676 384,443
(Decrease) increase in customer repurchase agreements (3,480) 11,236 (19,351)
Issuance of Series C Preferred Stock 15,300
Issuance of common stock 94,633 144,093
(Decrease) increase in short-term borrowings (100,000) 7,500
Increase (decrease) in long-term borrowings 147,586 (49,300) 80,000
Payment of dividends on preferred stock (600) (614)
Proceeds from exercise of equity compensation plans 955 5,176 2,313
Tax benefits realized from stock compensation 400 2,984 978
Payment in lieu of fractional shares (4)
Proceeds from employee stock purchase plan 801 769 621
Net cash provided by financing activities 703,932 740,670 615,283
Net Increase (Decrease) In Cash and Cash Equivalents 69,800 42,338 (50,935)
Cash and Cash Equivalents at Beginning of Period 298,363 256,025 306,960
Cash and Cash Equivalents at End of Period 368,163 298,363 256,025
Supplemental Cash Flows Information:      
Interest paid 24,031 19,586 11,742
Income taxes paid 66,150 52,650 33,050
Non-Cash Investing Activities      
Transfers from loans to other real estate owned 2,500 1,725 5,311
Transfers from other real estate owned to loans 2,192
Series B Preferred Stock [Member]      
Cash Flows From Financing Activities:      
Redemption of Preferred Stock (56,600)
Series C Preferred Stock [Member]      
Cash Flows From Financing Activities:      
Redemption of Preferred Stock $ (15,300)