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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net Income $ 23,270 $ 15,888
Provision for credit losses 6,903 3,229
Deferred tax expense 1,097 2,506
Depreciation and amortization 2,380 2,113
Net gains on securities and other assets (5,143) (1,718)
Net (accretion) amortization of premiums and discounts on securities 775 867
Income from increase in cash surrender value of bank owned life insurance (1,494) (1,292)
Increase in interest receivable (620) (338)
Mortgage loans originated for sale (38,218) (27,580)
Proceeds from sale of mortgage loans 46,134 29,829
(Decrease) increase in interest payable (235) 571
Increase in income taxes payable 3,557 4,354
Other-net (17,004) (991)
Net cash provided by operating activities 21,402 27,438
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 11,335 10,826
Payments to acquire held-to-maturity securities 0 (25,140)
Proceeds from Sale of Available-for-sale Securities 0 0
Proceeds from maturities and redemptions of available-for-sale securities 44,067 33,125
Purchases of available-for-sale securities (130,012) (85,220)
Purchases of FHLB stock (13,491) (12,883)
Proceeds from the redemption of FHLB stock 18,928 10,712
Proceeds from Sale of Loans Receivable 6,647 0
Proceeds from sale of other assets 1,141 1,631
Increase in Restricted Cash 0 (21,284)
Net decrease (increase) in loans 16,012 (37,514)
Payments for Purchase of Other Assets (154) (410)
Purchases of premises and equipment (1,820) (1,531)
Net cash used in investing activities (47,347) (127,688)
Financing Activities    
Net increase in federal funds purchased 6,000 0
Net (decrease) increase in other short-term borrowings (125,450) 93,658
Net increase in deposits 122,849 22,385
Repayments of other long-term debt (150) (145)
Repayments of Long-term Capital Lease Obligations 92 0
Dividends paid (7,803) (7,119)
Purchase of treasury stock (1,079) (1,102)
Net cash (used in) provided by financing activities (5,725) 107,677
Net (decrease) increase in cash and cash equivalents (31,670) 7,427
Cash and cash equivalents at January 1 107,292 115,677
Cash and cash equivalents at March 31 $ 75,622 $ 123,104