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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Net income     $ 24,532 $ 35,755
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     5,924 6,221
Net amortization of premiums on securities     2,313 1,253
Provision for credit losses $ 4,028 $ 1,844 21,689 5,391
Share-based compensation 289 393 990 1,028
Deferred income tax (benefit) expense     (2,692) 1,268
Proceeds from sale of loans held for sale     63,995 28,106
Originations of loans held for sale     (64,231) (30,751)
Income on company owned life insurance (470) (459) (1,397) (1,293)
Net gain on sale of loans held for sale (1,581) (439) (2,616) (1,028)
Net gain on investment securities (554) (1,608) (1,449) (1,721)
Net gain on other assets 55 2 (8) (56)
Increase in other assets     (42,243) (6,768)
Increase in other liabilities     15,491 3,757
Net cash provided by operating activities     20,298 41,162
Cash flows from investing activities:        
Purchases of available for sale securities     (215,433) (103,627)
Purchases of held to maturity securities     (6,008) (9,596)
Proceeds from principal payments, maturities and calls on available for sale securities     65,244 58,283
Proceeds from principal payments, maturities and calls on held to maturity securities     73,114 69,090
Proceeds from sales of securities available for sale 20,576 65,427 70,729 110,042
Proceeds from sales of securities held to maturity     6  
Net loan originations     (361,935) (98,430)
Loans sold to others       21,077
Purchases of company owned life insurance, net of proceeds received     (8) (24)
Proceeds from sales of other assets     482 360
Purchases of premises and equipment     (2,800) (2,367)
Net cash (used in) provided by investing activities     (376,609) 44,808
Cash flows from financing activities:        
Net increase in deposits     809,253 219,307
Net decrease in short-term borrowings     (270,200) (258,100)
Purchases of common stock for treasury     (196) (220)
Cash dividends paid to common and preferred shareholders     (13,423) (12,897)
Net cash provided by (used in) financing activities     525,434 (51,910)
Net increase in cash and cash equivalents     169,123 34,060
Cash and cash equivalents, beginning of period     112,947 102,755
Cash and cash equivalents, end of period $ 282,070 $ 136,815 $ 282,070 $ 136,815