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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES:    
Net income $ 33,441 $ 26,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,349 2,473
Amortization of premium and accretion of discount on securities, net 1,093 1,276
Amortization of restricted stock 3,302 2,536
Amortization of intangible assets 540 93
Amortization of subordinated debt costs 114 98
Provision of loan and lease losses 2,050 4,200
Provision for OREO losses 232 0
Deferred tax expense/(benefit) 3,626 (2,087)
Stock-based compensation and employee stock purchase plan expense 143 111
Fair value adjustment for equity security 151 0
Loss on securities available for sale 288 0
Loans originated for sale [1] (35,442) (27,925)
Proceeds from sales of loans held for sale [1] 37,562 28,342
Gain on loans held for sale [1] (1,619) (1,069)
Gain on loans held for sale at lower of cost or fair value 0 (34)
Loss on OREO sold 32 0
Gain on death benefit 0 (62)
Increase in cash surrender value of life insurance, net (595) (612)
(Increase)/decrease in accrued interest receivable (1,397) 1,350
Decrease in other assets 4,141 8,816
Increase in accrued expenses, capital lease obligations and other liabilities 7,405 973
NET CASH PROVIDED BY OPERATING ACTIVITIES 57,416 44,607
INVESTING ACTIVITIES:    
Principal repayments, maturities and calls of securities available for sale 56,242 51,739
Redemptions for FHLB & FRB stock 71,309 31,568
Proceeds from sales of securities available for sale 19,542 0
Purchase of securities available for sale (127,835) (61,805)
Purchase of FHLB & FRB stock (79,492) (31,344)
Proceeds from sales of loans held for sale at lower of cost or fair value 0 78,800
Net increase in loans, net of participations sold (98,989) (434,449)
Sale of other real estate owned 1,730 534
Purchase of premises and equipment (747) (1,934)
Proceeds from death benefit 0 100
Purchase of wealth management company (3,500) (10,000)
NET CASH USED IN INVESTING ACTIVITIES (161,740) (376,791)
FINANCING ACTIVITIES:    
Net (decrease)/increase in deposits (39,060) 250,860
Net increase in overnight borrowings 95,190 0
Proceeds from Federal Home Loan Bank advances 70,000 0
Repayments of Federal Home Loan Bank advances (23,898) (11,897)
Dividends paid on common stock (2,748) (2,635)
Exercise of Stock Options, net of stock swaps 197 335
Restricted stock repurchased on vesting to pay taxes (1,426) (1,415)
Sales of common shares (Dividend Reinvestment Program) 14,875 26,077
Issuance of shares for employee saving and investment plan 0 889
Issuance of shares for employee stock purchase plan 751 619
NET CASH PROVIDED BY IN FINANCING ACTIVITIES 113,881 262,833
Net increase/(decrease) in cash and cash equivalents 9,557 (69,351)
Cash and cash equivalents at beginning of period 113,447 162,691
Cash and cash equivalents at end of period 123,004 93,340
Cash paid during the year for:    
Interest 28,614 18,402
Income tax, net 2,569 8,107
Acquisition goodwill 11,000 12,000
Transfer of loans to other real estate owned $ 0 $ 137
[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.