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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:        
Net income     $ 35,755 $ 32,035
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     6,221 4,855
Net amortization of premiums on securities     1,253 1,931
Provision for loan losses $ 1,844 $ 2,061 5,391 5,050
Share-based compensation 393 338 1,028 1,097
Deferred income tax expense (benefit)     1,268 (2,979)
Proceeds from sale of loans held for sale     28,106 20,906
Originations of loans held for sale     (30,751) (20,824)
Income on company owned life insurance (459) (440) (1,293) (1,333)
Net gain on sale of loans held for sale (439) (303) (1,028) (530)
Net (gain) loss on investment securities (1,608) 95 (1,721) 88
Net gain on other assets 2 (37) (56) (49)
(Increase) decrease in other assets     (6,768) 6,549
Increase in other liabilities     3,757 4,013
Net cash provided by operating activities     41,162 50,809
Cash flows from investing activities:        
Purchases of available for sale securities     (103,627)  
Purchases of held to maturity securities     (9,596) (24,919)
Proceeds from principal payments, maturities and calls on available for sale securities     58,283 24,693
Proceeds from principal payments, maturities and calls on held to maturity securities     69,090 80,445
Proceeds from sales of securities available for sale 65,427 21,470 110,042 27,238
Net loan originations     (98,430) (259,677)
Loans sold to others     21,077  
Purchases of company owned life insurance, net of proceeds received     (24) (7)
Proceeds from sales of other assets     360 460
Purchases of premises and equipment     (2,367) (1,999)
Cash consideration paid for acquisition, net of cash acquired       (4,447)
Net cash provided by (used in) investing activities     44,808 (158,213)
Cash flows from financing activities:        
Net increase in deposits     219,307 275,555
Net decrease in short-term borrowings     (258,100) (138,000)
Purchases of common stock for treasury     (220) (113)
Proceeds from stock options exercised       320
Cash dividends paid to common and preferred shareholders     (12,897) (12,222)
Net cash (used in) provided by financing activities     (51,910) 125,540
Net increase in cash and cash equivalents     34,060 18,136
Cash and cash equivalents, beginning of period     102,755 99,195
Cash and cash equivalents, end of period $ 136,815 $ 117,331 $ 136,815 $ 117,331