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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flow From Operating Activities:    
Net income $ 34,140 $ 28,780
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 417  
Depreciation and amortization 3,123 $ 3,000
Change in deferred taxes 7,002 10,077
Share-based compensation 1,130 1,059
Tax benefit from stock options exercised (35) (60)
Loans originated for sale (176,552) (79,337)
Proceeds from sales of loans 175,492 $ 77,298
Gain on sale of insurance subsidiary (8,265)  
Gains on sales of securities available for sale (932) $ (1,425)
Change in interest receivable 396 331
Change in interest payable (19) 718
Other adjustments 509 (11,799)
Net cash provided by operating activities 36,406 28,642
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 21,773 27,213
Purchases of:    
Securities available for sale (101,627) (113,578)
Securities held to maturity (55,415) (71,816)
Proceeds from sales of securities available for sale 42,117 17,337
Proceeds from maturities of:    
Securities available for sale 31,917 30,399
Securities held to maturity 44,035 31,443
Change in Federal Reserve and Federal Home Loan Bank stock 7,578 (4,137)
Net change in loans (213,356) $ (93,994)
Net cash and cash equivalents paid in acquisition 12,004  
Net cash received from sale of insurance subsidiary 15,155  
Proceeds from the sale of other real estate owned 4,444 $ 6,229
Other adjustments 1,464 (2,082)
Net cash used in investing activities (213,919) (172,986)
Net change in :    
Demand and savings deposits 51,914 15,816
Certificates of deposit and other time deposits (8,357) 82,326
Borrowings 200,467 301,643
Repayment of borrowings (71,916) (244,198)
Cash dividends on common stock (7,246) (4,735)
Stock issued under employee benefit plans 231 252
Stock issued under dividend reinvestment and stock purchase plans 310 239
Stock options exercised 619 450
Tax benefit from stock options exercised 35 60
Stock redeemed (1,232) (1,052)
Net cash provided by financing activities 164,825 150,801
Net Change in Cash and Cash Equivalents (12,688) 6,457
Cash and Cash Equivalents, January 1 118,616 109,434
Cash and Cash Equivalents, June 30 105,928 115,891
Additional cash flow information:    
Interest paid 12,129 9,807
Income tax paid 3,000 1,688
Loans transferred to other real estate owned 3,360 2,550
Fixed assets transferred to other real estate owned 1,003 297
Non-cash investing activities using trade date accounting 1,887 5,517
In conjunction with the acquisition, liabilities were assumed as follows:    
Fair value of assets acquired 141,724  
Cash received (paid) in acquisition (14,500)  
Less: Common stock issued 0  
Liabilities assumed $ 127,224 $ 0