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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 32,640 $ 33,106
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,364 2,084
Provision for loan losses 4,000 13,500
Increase in valuation allowance 15,325
Amortization of intangibles 555 627
Net accretion of loans (1,106) (3,381)
Accretion on bank premises (58) (94)
Accretion on deposits (19) (167)
Accretion on borrowings (156) (250)
Stock-based compensation 1,315 1,650
Gains on sales of investment securities, net (1,596) (4,234)
Gains on sales of loans held-for-sale, net (120) (147)
Gains on sales of fixed assets, net (8)
Loans originated for resale (6,790) (6,399)
Proceeds from sale of loans held-for sale 12,015 4,948
Net loss (gain) on sale of other real estate owned 82 (182)
Increase in cash surrender value of bank owned life insurance (2,403) (1,843)
Amortization of premiums and accretion of discounts on investments securities, net 1,808 1,148
(Increase) decrease in accrued interest receivable (1,876) 48
Decrease (increase) in other assets 8,895 (2,813)
Increase (decrease) in other liabilities 3,444 (981)
Net cash provided by operating activities 68,311 36,620
Investment securities available-for-sale:    
Purchases (138,945) (114,844)
Sales 29,543 85,253
Maturities, calls and principal repayments 61,700 109,452
Investment securities held-to-maturity:    
Purchases (1,000)
Maturities and principal repayments 14,758
Net (purchases) redemptions of restricted investment in bank stocks (5,362) 8,077
Payments on loans held-for-sale 2,841
Net increase in loans (447,457) (359,945)
Proceeds from sales of fixed assets 8
Purchases of premises and equipment (2,148) (1,769)
Purchases of bank owned life insurance (10,000) (17,000)
Proceeds from sale of other real estate owned 1,124 2,992
Net cash used in investing activities (508,696) (274,026)
Cash flows from financing activities    
Net increase in deposits 279,517 478,150
Advances of Federal Home Loan Bank ("FHLB") borrowings 780,000 375,000
Repayments of FHLB borrowings (656,000) (565,000)
Repayment of repurchase agreement (15,000)
Cash dividends paid on common stock (7,207) (6,805)
Cash dividends paid on preferred stock (22)
Common stock issuance costs (180)
Redemption of preferred stock (11,250)
Proceeds from exercise of stock options 118 232
Net cash provided by financing activities 381,248 270,305
Net change in cash and cash equivalents (59,137) 32,899
Cash and cash equivalents at beginning of period 200,399 200,895
Cash and cash equivalents at end of period 141,262 233,794
Cash payments for:    
Interest paid on deposits and borrowings 25,807 22,791
Income taxes 4,670 18,195
Supplemental disclosures of noncash investing activities    
Transfer of loans to other real estate owned 580 887
Transfer of loans from held-for-investment to held-for-sale 34,652 13,514
Transfer of investment securities from held-to-maturity to available-for-sale $ 209,855