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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 19,386 $ 12,349
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,191 754
Net amortization of securities 4,006 2,293
Deferred tax benefit (237) 0
Change in unamortized net loan costs and premiums (368) 0
Premises and equipment depreciation and amortization expense 2,745 1,159
Stock-based compensation expense 835 982
Accretion of purchase accounting entries, net (2,482) 0
Amortization of other intangibles 542 69
Income from cash surrender value of bank-owned life insurance policies (1,165) (540)
Gain on sales of securities, net (19) (4,489)
Loss on premises and equipment, net 95 0
Net change in other (2,387) (695)
Net cash provided by operating activities 23,142 11,882
Cash flows from investing activities:    
Proceeds from sales of securities available for sale 1,581 66,431
Proceeds from maturities, calls and prepayments of securities available for sale 92,817 78,190
Purchases of securities available for sale (138,785) (171,702)
Net change in loans (71,669) (2,842)
Purchase of loans (18,621) (95,421)
Purchase of Federal Home Loan Bank stock (327) (2,233)
Purchase of premises and equipment, net (3,011) (3,567)
Acquisitions, net of cash (paid) acquired 39,537 0
Proceeds from sale of other real estate 322 0
Net cash used in investing activities (98,156) (131,144)
Cash flows from financing activities:    
Net decrease in deposits 74,725 90,738
Net change in short-term advances from the Federal Home Loan Bank 110,801 31,250
Net change in long term advances from the Federal Home Loan Bank (62,531) 8,238
Net change in securities sold repurchase agreements 672 (1,784)
Exercise of stock options 451 1,048
Purchase of treasury stock (196) (497)
Common stock cash dividends paid (8,623) (4,880)
Net cash provided by financing activities 115,299 124,113
Net change in cash and cash equivalents 40,285 4,851
Cash and cash equivalents at beginning of year 8,439 9,720
Cash and cash equivalents at end of year 48,724 14,571
Supplemental cash flow information:    
Interest paid 16,184 8,858
Income taxes paid, net 6,764 5,342
Acquisition of non-cash assets and liabilities:    
Assets acquired 1,454,076 0
Liabilities assumed 1,406,672 0
Other non-cash changes:    
Real estate owned acquired in settlement of loans $ 32 $ 0