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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:        
Net income $ 8,316 $ 7,184 $ 21,702 $ 21,435
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     4,065 3,247
Net amortization of premiums on securities     2,355 2,435
Provision for loan losses 754 2,015 4,783 5,879
Share-based compensation 150 78 520 383
Deferred income tax expense     318 802
Proceeds from sale of loans held for sale     10,370 12,649
Originations of loans held for sale     (11,022) (10,919)
Increase in company owned life insurance (488) (421) (1,448) (1,249)
Net gain on sale of loans held for sale (53) (76) (161) (231)
Net gain on disposal of investment securities (286) (515) (1,348) (1,777)
Amortization of tax credit investment 390   390  
Net gain on sale and disposal of other assets   (72) (20) (61)
Decrease in other assets     2,830 5,420
Increase (decrease) in other liabilities     1,819 (61)
Net cash provided by operating activities     35,153 37,952
Cash flows from investing activities:        
Purchases of available for sale securities     (271,899) (179,203)
Purchases of held to maturity securities     (53,768) (50,394)
Proceeds from principal payments, maturities and calls on available for sale securities     118,378 123,625
Proceeds from principal payments, maturities and calls on held to maturity securities     23,826 26,432
Proceeds from sales of securities available for sale 8,112 14,672 37,620 76,100
Net loan originations     (130,485) (79,138)
Purchases of company owned life insurance     (34) (5,034)
Proceeds from sales of other assets     167 1,289
Purchases of premises and equipment     (4,957) (4,448)
Cash consideration paid for acquisition, net of cash acquired       (7,995)
Net cash used in investing activities     (281,152) (98,766)
Cash flows from financing activities:        
Net increase in deposits     302,973 218,768
Net decrease in short-term borrowings     (93,404) (121,075)
Issuance of long-term debt     40,000  
Debt issuance costs     (1,060)  
Repurchase of preferred stock       (2)
Purchase of common stock for treasury     (41) (195)
Proceeds from stock options exercised     252 160
Cash dividends paid to common and preferred shareholders     (9,538) (8,952)
Net cash provided by financing activities     239,182 88,704
Net (decrease) increase in cash and cash equivalents     (6,817) 27,890
Cash and cash equivalents, beginning of period     58,151 59,692
Cash and cash equivalents, end of period 51,334 87,582 51,334 87,582
Supplemental information:        
Cash paid for interest     5,566 5,056
Cash paid for income taxes     4,257 9,739
Noncash investing and financing activities:        
Real estate and other assets acquired in settlement of loans     286 394
Accrued and declared unpaid dividends $ 3,183 $ 3,032 3,183 3,032
Increase in net unsettled security purchases     2,232 1,724
Securities transferred from available for sale to held to maturity (at fair value)     $ 165,238 12,802
Loans transferred from held for sale to held for investment       853
Common stock issued for acquisition       $ 5,400