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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Income $ 105,333 $ 107,498 $ 55,165
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 14,533 12,531 5,087
Deferred Income Taxes and Tax Credits 2,292 3,473 20,825
Depreciation and amortization 10,370 8,046 8,997
Net gains on securities and other assets (10,671) (21,540) (9,942)
Net amortization of premiums and discounts on securities 3,892 3,083 3,532
Income from increase in cash surrender value of bank owned life insurance (5,998) (5,808) (5,699)
Mortgage loans originated for sale (251,428) (165,898) (164,212)
Proceeds from Sale of Mortgage Loans Held-for-sale 251,968 177,287 163,125
Increase in interest receivable 423 (2,561) (1,314)
Increase (decrease) in interest payable (256) 383 426
Decrease (increase) in income taxes payable 1,484 (1,926) 1,318
Distribution from unconsolidated subsidiary 0 9,000 0
Other—net (14,310) 11,695 10,997
Net cash provided by operating activities 107,632 135,263 88,305
Transactions with securities held to maturity:      
Proceeds from Sale and Maturity of Held-to-maturity Securities 948 0 0
Proceeds from maturities and redemptions 54,632 47,614 51,239
Purchases (200) (20,650) (102,420)
Transactions with securities available for sale:      
Proceeds from sales 0 15,939 143,660
Proceeds from maturities and redemptions 189,194 140,707 148,561
Purchases (138,670) (331,969) (150,892)
Purchases of FHLB stock (36,850) (52,107) (45,301)
Proceeds from the redemption of FHLB stock 52,215 51,488 55,212
Proceeds from bank owned life insurance 557 2,140 898
Proceeds from the sale of loans 37,534 40,783 14,807
Proceeds from sales of other assets 6,822 4,477 5,568
Acquisition, net of cash acquired 332,468 705 3,188
Net increase in loans (358,328) (237,276) (165,726)
Purchases of premises and equipment (17,380) (9,599) (11,591)
Net cash provided by (used in) investing activities 122,942 (347,748) (52,797)
Financing Activities      
Net (decrease) increase in federal funds purchased (11,000) 11,000 0
Net (decrease) increase in other short-term borrowings (508,970) 3,357 (160,477)
Net increase in deposits 308,783 176,558 149,175
Repayments of other long-term debt (634) (23,598) (588)
Proceeds from Issuance of Long-term Debt 50,000 98,026 0
Repayments of Long-term Capital Lease Obligations 402 373 260
Dividends paid (39,394) (34,849) (30,513)
Proceeds from reissuance of treasury stock 211 208 228
Purchase of treasury stock (6,259) (26,189) (1,458)
Net cash (used in) provided by financing activities (207,665) 204,140 (43,893)
Net increase (decrease) in cash and cash equivalents 22,909 (8,345) (8,385)
Cash and cash equivalents at January 1 98,947 107,292 115,677
Cash and cash equivalents at December 31 $ 121,856 $ 98,947 $ 107,292