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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 35,516 $ 30,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization/accretion 12,594 12,068
Reversal of provision for loan losses (1,900)
Net amortization of deferred loan (fees) costs (112) 21
Increase in interest income receivable (1,375) (415)
Life insurance premiums paid (406) (126)
Decrease in income taxes receivable 2,556 91
(Increase) decrease in net deferred tax asset (204) 262
Decrease in other assets 60 1,155
Stock option compensation expense 1,050 912
Increase in interest expense payable 50 33
Increase (decrease) in other liabilities 137 (2,553)
Equity securities losses 50
Net writedown of premises and equipment 3 60
Net gain on sale of foreclosed assets (46) (72)
Writedown of foreclosed assets 27
Net Cash Provided by Operating Activities 49,900 40,384
Investing Activities:    
Net repayments of loans 89,041 35,852
Net payments under FDIC(1) indemnification agreements [1] (63)
Purchases of debt securities available for sale (439,212) (253,658)
Proceeds from sale/maturity/calls of debt securities available for sale 220,037 171,632
Proceeds from maturity/calls of debt securities held to maturity 78,551 80,433
Purchases of premises and equipment (2,309) (1,050)
Net change in FRB(2) stock [2] 24
Proceeds from sale of foreclosed assets 506 1,521
Net Cash (Used in) Provided by Investing Activities (53,386) 34,691
Financing Activities:    
Net increase (decrease) in deposits 59,509 (22,171)
Net change in short-term borrowings 10,423 16,691
Exercise of stock options 9,483 18,290
Retirement of common stock (524) (314)
Common stock dividends paid (21,261) (20,480)
Net Cash Provided by (Used in) Financing Activities 57,630 (7,984)
Net Change In Cash and Due from Banks 54,144 67,091
Cash and Due from Banks at Beginning of Period 575,002 462,271
Cash and Due from Banks at End of Period 629,146 529,362
Supplemental disclosure of non cash activities:    
Loan collateral transferred to other real estate owned
Securities purchases pending settlement 3,159 649
Supplemental disclosure of cash flow activities:    
Interest paid for the period 885 955
Income tax payments for the period $ 6,776 $ 10,998
[1] Federal Deposit Insurance Corporation ("FDIC")
[2] Federal Reserve Bank ("FRB")