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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net Income $ 51,869 $ 55,351
Provision for credit losses 6,930 8,071
Deferred tax expense 1,112 1,468
Depreciation and amortization 5,087 3,262
Net gains on securities and other assets (5,288) (14,192)
Net amortization of premiums and discounts on securities 1,704 1,554
Income from increase in cash surrender value of bank owned life insurance (2,868) (2,941)
Increase in interest receivable (1,963) (1,150)
Mortgage loans originated for sale (98,292) (83,265)
Proceeds from sale of mortgage loans 95,549 93,518
Increase in interest payable 270 383
Increase (decrease) in income taxes payable 1,319 (92)
Distribution from unconsolidated subsidiary 0 9,000
Other-net (25,316) (10,362)
Net cash provided by operating activities 30,113 60,605
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 19,977 23,926
Payments to acquire held-to-maturity securities (200) (5,506)
Proceeds from Sale of Available-for-sale Securities 0 15,939
Proceeds from maturities and redemptions of available-for-sale securities 77,571 78,842
Purchases of available-for-sale securities (16,401) (218,885)
Purchases of FHLB stock (23,256) (25,110)
Proceeds from the redemption of FHLB stock 25,814 32,881
Proceeds from Life Insurance Policy 0 772
Proceeds from Sale of Loans Receivable 22,312 27,985
Proceeds from sale of other assets 3,539 1,434
Acquisition, net of cash acquired 0 507
Net increase in loans (250,773) (78,435)
Payments for Purchase of Other Assets (8,843) (4,703)
Net cash used in investing activities (150,260) (150,353)
Financing Activities    
Net (decrease) increase in federal funds purchased (11,000) 16,000
Net decrease in other short-term borrowings (155,743) (178,279)
Net increase in deposits 258,198 191,782
Repayments of other long-term debt (315) (23,290)
Repayments of Long-term Capital Lease Obligations 199 185
Proceeds from Issuance of Long-term Debt 50,000 98,120
Dividends paid (19,712) (16,835)
Proceeds from Sale of Treasury Stock 211 208
Purchase of treasury stock (3,960) (1,084)
Net cash provided by financing activities 117,480 86,437
Net decrease in cash and cash equivalents (2,667) (3,311)
Cash and cash equivalents at January 1 98,947 107,292
Cash and cash equivalents at June 30 $ 96,280 $ 103,981