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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 32,171 $ 33,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 20,207 7,900
Depreciation of premises and equipment 4,180 4,151
Net amortization of investment securities premiums and discounts 1,193 1,416
Net gain on sales of investment securities [1] (10) (43)
Net gain on mortgage banking activities [1] (2,412) (3,558)
Bank owned life insurance income [1] (2,744) (3,147)
Net accretion of acquisition accounting fair value adjustments (838) (2,572)
Stock-based compensation 2,379 2,550
Intangible expenses 1,685 1,895
Other adjustments to reconcile net income to cash provided by (used in) operating activities 117 (286)
Originations of loans held for sale (95,665) (105,557)
Proceeds from the sale of loans held for sale 99,842 112,602
Contributions to pension and other postretirement benefit plans (3,199) (2,206)
Decrease in accrued interest receivable and other assets 379 1,395
Increase (decrease) in accrued interest payable and other liabilities 4,021 (3,620)
Net cash provided by operating activities 61,306 44,750
Cash flows from investing activities:    
Net capital expenditures (2,596) (5,040)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity 7,846 21,796
Proceeds from maturities, calls and principal repayments of securities available-for-sale 44,603 49,271
Proceeds from sales of securities available-for-sale 1,010 3,538
Purchases of investment securities held-to-maturity (60,784) (42,585)
Purchases of investment securities available-for-sale (1,986) (9,974)
Proceeds from sales of money market mutual funds 11,215 23,035
Purchases of money market mutual funds (6,392) (18,875)
Net increase in other investments (5,867) (2,375)
Net increase in loans and leases (260,012) (204,866)
Net increase in interest-earning deposits (3,222) (22,546)
Proceeds from sales of other real estate owned 362 3,996
Purchases of bank owned life insurance (776) 0
Proceeds from bank owned life insurance 1,374 2,937
Net cash used in investing activities (275,225) (201,688)
Cash flows from financing activities:    
Net increase in deposits 265,260 261,402
Net decrease in short-term borrowings (18,666) (164,080)
Proceeds from issuance of long-term debt 0 95,000
Repayment of long-term debt 10,000 15,000
Payment of contingent consideration on acquisitions (67) (5,380)
Purchases of treasury stock (2,384) (3,285)
Stock issued under dividend reinvestment and employee stock purchase plans 1,739 1,839
Proceeds from exercise of stock options 1,131 1,527
Cash dividends paid (17,615) (15,966)
Net cash provided by financing activities 219,398 156,057
Net increase (decrease) in cash and due from banks 5,479 (881)
Cash and due from banks at beginning of year 46,721 48,757
Cash and due from banks at end of period 52,200 47,876
Supplemental disclosures of cash flow information:    
Cash paid for interest 21,647 15,458
Cash paid for income taxes, net of refunds 1,315 12,448
Non cash transactions:    
Transfer of loans to other real estate owned $ 477 $ 649
[1] (1)Net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives are excluded from the scope of the standard. Noninterest income streams that are out-of-scope of the standard include bank owned life insurance income, sales of investment securities and mortgage banking activities.