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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 36,497 $ 26,477 $ 19,972
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 3,275 3,093 3,921
Amortization of premium and accretion of discount on securities, net 1,697 1,478 1,664
Amortization of restricted stock 3,741 2,836 1,621
Amortization of intangible assets 321 123 82
Amortization of subordinated debt costs 135 71
Provision of loan losses 5,850 7,500 7,100
Valuation allowance on other real estate owned 250
Stock-based compensation and employee stock purchase plan expense 122 156 319
Deferred tax expense/(benefit) 14,118 952 (4,043)
Gains on sale of securities, available for sale, net (119) (527)
Proceeds from sales of loans held for sale [1] 45,763 72,477 34,543
Loans originated for sale [1] (43,381) (70,874) (34,734)
Gain on loans held for sale [1] (1,965) (1,633) (535)
Gain on sale of loans held for sale at lower of cost or fair value (412) (1,233)
Gain on sale of other real estate owned (5)
Gain on disposal of premises and equipment 15
Gain on death benefit (62) (285)
Increase in cash surrender value of life insurance, net of split dollar liability (818) (921) (643)
Increase in accrued interest receivable (1,299) (1,333) (1,449)
(Increase)/decrease in other assets (9,977) 945 (476)
Increase in accrued expenses and other liabilities 2,330 2,936 3,511
Net cash provided by operating activities 55,935 42,926 30,306
Investing activities:      
Principal repayments, maturities and calls of securities available for sale 66,450 67,999 96,194
Redemptions for FHLB & FRB stock 40,561 61,606 48,627
Sales of securities available for sale 5,499 46,254
Purchase of securities available for sale (91,561) (187,043) (8,049)
Purchase of FHLB & FRB stock (40,126) (61,435) (51,018)
Proceeds from sale of loans held for sale at lower of cost or fair value 109,454 201,681
Net increase in loans, net of participations sold (505,046) (518,832) (746,132)
Sales of other real estate owned 534 568 744
Purchases of premises and equipment (2,380) (3,218) (1,924)
Purchase of wealth management company (13,500) (800)
Proceeds from death benefit 100 677
Purchase of life insurance (10,000)
Net cash used in investing activities (435,514) (433,175) (625,427)
Financing activities:      
Net increase in deposits 286,517 476,367 636,777
Net decrease in overnight borrowings (40,700) (13,900)
Repayments of FHLB advances (23,897) (21,897)
Dividends paid on common stock (3,548) (3,296) (3,100)
Exercise of stock options, net stock swaps 690 1,069 86
Restricted stock repurchased on vesting to pay taxes (1,826) (554) (81)
Proceeds from issuance of subordinated debt 34,125 48,693
Sale of common shares (Dividend Reinvestment Program) 36,588 22,461 13,648
Issuance of shares for employee’s savings and investment plan 889
Issuance of shares for employee stock purchase plan 797 637 644
Net cash provided by financing activities 330,335 482,780 634,074
Net (decrease)/increase in cash and cash equivalents (49,244) 92,531 38,953
Cash and cash equivalents at beginning of year 162,691 70,160 31,207
Cash and cash equivalents at end of year 113,447 162,691 70,160
Cash paid during the year for:      
Interest 26,506 19,965 13,726
Income taxes, net 11,597 14,870 15,572
Transfer of loans to loans held for sale 182,694 286,519
Transfer of loans held for sale to loan portfolio 30,121
Transfer of loans to other real estate owned 2,090 534 233
Acquisition (Note 19)      
Goodwill 15,534 1,010
Customer relationship & other intangibles $ 5,466 $ 1,790
[1] Includes mortgage loans originated with the intent to sell which are carried at fair value. In addition, this includes the guaranteed portion of SBA loans which are carried at the lower of cost or fair value.