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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 16,008 $ 13,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Net decrease in deferred loan costs 83 284
Depreciation 1,282 1,019
Accretion (694) (573)
Amortization 5,183 6,469
Stock-based compensation 332 310
Provision for (reversal of) credit losses 50 (1,150)
Net realized gains on sales of available-for-sale investment securities (1,277) (2,808)
Net loss on disposal of premises and equipment (2) 0
Decrease in fair value of equity securities 112 0
Increase in bank-owned life insurance, net of expenses (522) (450)
Net gain on sale of credit card portfolio (462) 0
Net decrease in accrued interest receivable and other assets 3,005 2,594
Net (decrease) increase in accrued interest payable and other liabilities (1,086) 498
Benefit for deferred income taxes 227 831
Net cash provided by operating activities 22,243 20,715
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (176,842) (96,765)
Proceeds from sales or calls of available-for-sale investment securities 234,175 101,286
Proceeds from maturity and principal repayments of available-for-sale investment securities 31,063 33,777
Proceeds from sale of credit card portfolio 2,954 0
Net increase in loans (13,588) (21,642)
Purchases of premises and equipment (755) (532)
Net cash provided by investing activities 77,007 16,124
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand, interest bearing and savings deposits (125,485) (884)
Net decrease in time deposits (24,673) (36,711)
Proceeds from short-term borrowings from Federal Home Loan Bank 550,000 0
Repayments of short-term borrowings to Federal Home Loan Bank (550,000) 0
Proceeds of borrowings from other financial institutions 11,500 0
Repayments of borrowings from other financial institutions (11,500) (400)
Proceeds from stock issued under employee stock purchase plan 141 0
Proceeds from exercise of stock options 719 473
Cash dividend payments on common stock (3,028) (2,196)
Net cash used in financing activities (152,326) (39,718)
Decrease in cash and cash equivalents (53,076) (2,879)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 100,383 38,568
CASH AND CASH EQUIVALENTS AT END OF PERIOD 47,307 35,689
Cash paid during the period for:    
Interest 1,074 852
Income taxes 1,530 2,420
Non-cash investing and financing activities:    
Purchases of available-for-sale investment securities, not yet settled $ 5,150 $ 0