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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,570 $ 20,166
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of discounts and premiums on securities 3,218 3,013
(Gain) loss on sale of securities available-for-sale 6 (527)
(Gain) loss on sale of SBA loans (635) (653)
Proceeds from sale of SBA loans originated for sale 8,304 9,447
Net change in SBA loans originated for sale (8,957) (11,029)
Provision for loan losses 390 997
Increase in cash surrender value of life insurance (1,259) (1,317)
Depreciation and amortization 586 565
Amortization of other intangible assets 1,083 1,176
Stock option expense, net 639 712
Amortization of restricted stock awards, net 678 291
Amortization of subordinated debt issuance costs 64  
Gain on proceeds from company owned life insurance   (1,019)
Effect of changes in:    
Accrued interest receivable and other assets 2,428 (1,340)
Accrued interest payable and other liabilities (12) (2,311)
Net cash provided by operating activities 29,103 18,171
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of securities available-for-sale (123,561) (75,803)
Purchase of securities held-to-maturity (89,470) (109,934)
Maturities/paydowns/calls of securities available-for-sale 41,463 47,635
Maturities/paydowns/calls of securities held-to-maturity 32,502 15,941
Proceeds from sales of securities available-for-sale 6,536 49,171
Net change in loans (60,683) (88,609)
Changes in Federal Home Loan Bank stock and other investments (2,709) (2,502)
Purchase of premises and equipment (635) (344)
Proceeds from sale of foreclosed assets   49
Proceeds from company owned life insurance   3,164
Net cash used in investing activities (196,557) (161,232)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits 218,464 155,859
Issuance of subordinated debt, net of issuance costs 39,073  
Exercise of stock options 1,352 715
Repayment of short-term borrowings   (3,000)
Payment of cash dividends (11,418) (10,213)
Net cash provided by financing activities 247,471 143,361
Net decrease in cash and cash equivalents 80,017 300
Cash and cash equivalents, beginning of year 266,103 344,092
Cash and cash equivalents, end of year 346,120 344,392
Supplemental disclosures of cash flow information:    
Interest paid 2,912 2,327
Income taxes paid 11,731 12,135
Supplemental schedule of non-cash investing activity:    
Transfer of loans held-for-sale to loan portfolio $ 2,391 2,791
Loans transferred to foreclosed assets   $ 49