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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 7,812 $ 4,211
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 795 795
Net amortization of securities 1,059 1,235
Deferred tax benefit 0 (237)
Change in unamortized net loan costs and premiums 368 (29)
Premises and equipment depreciation and amortization expense 841 838
Stock-based compensation expense 379 71
Accretion of purchase accounting entries, net (704) (606)
Amortization of other intangibles 207 180
Income from cash surrender value of bank-owned life insurance policies (446) (399)
Loss on premises and equipment, net 0 95
Net change in other (1,444) (5,152)
Net cash provided by operating activities 8,867 1,002
Cash flows from investing activities:    
Proceeds from maturities, calls and prepayments of securities available for sale 23,350 30,208
Purchases of securities available for sale (36,428) (81,574)
Net change in loans 21,033 (16,388)
Purchase of loans 0 (18,621)
Purchase of Federal Home Loan Bank stock 0 (5,624)
Purchase of premises and equipment, net (1,595) (1,652)
Acquisitions, net of cash (paid) acquired 0 39,537
Proceeds from sale of other real estate 0 81
Net cash provided by/(used in) investing activities 6,360 (54,033)
Cash flows from financing activities:    
Net decrease in deposits (10,740) (26,495)
Net change in short-term advances from the Federal Home Loan Bank (50,511) 141,555
Net change in long term advances from the Federal Home Loan Bank 6,021 (18,513)
Net change in securities sold repurchase agreements 0 (7,372)
Exercise of stock options 15 313
Common stock cash dividends paid (2,884) (2,870)
Net cash (used in)/provided by financing activities (58,099) 86,618
Net change in cash and cash equivalents (42,872) 33,587
Cash and cash equivalents at beginning of year 90,685 8,439
Cash and cash equivalents at end of year 47,813 42,026
Supplemental cash flow information:    
Interest paid 7,740 4,795
Income taxes paid, net 45 296
Acquisition of non-cash assets and liabilities:    
Assets acquired 0 1,454,076
Liabilities assumed 0 1,406,672
Other non-cash changes:    
Real estate owned acquired in settlement of loans $ 94 $ 32