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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 30,916 $ 21,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,597 1,536
Provision for loan losses 5,600 18,900
Amortization of intangibles 728 338
Net accretion of loans (2,450) (806)
Accretion on bank premises (43) (33)
Accretion on deposits (639) (31)
Amortization (accretion) on borrowings 114 (82)
Stock-based compensation expense 1,470 (98)
Losses on sales of investment securities, net [1] 1
(Gains) losses on equity securities, net (261) 168
Gains on sales of loans held-for-sale, net (65) (29)
Loans originated for resale (4,044) (1,498)
Proceeds from sale of loans held-for-sale 4,109 1,897
Loss on extinguishment of debt 1,047
Increase in cash surrender value of bank owned life insurance (1,655) (964)
Amortization of premiums and accretion of discounts on investments securities, net 1,759 1,832
Amortization of subordinated debt issuance costs 164 168
Increase in accrued interest receivable (624) (1,284)
Net change in operating leases 1,390
Decrease (increase) in other assets 4,231 (126)
(Decrease) increase in other liabilities (8,078) 12,633
Net cash provided by operating activities 35,267 54,299
Investment securities available-for-sale:    
Purchases (141,739) (60,595)
Sales 150,332
Maturities, calls and principal repayments 91,028 75,506
Sales of equity securities 569
Net (purchases) redemptions of restricted investment in bank stocks (631) 1,056
Payments on loans held-for-sale 159
Net increase in loans (186,892) (181,868)
Purchases of premises and equipment (649) (233)
Cash and cash equivalents acquired in acquisition 13,741
Cash consideration paid in acquisition (2,530)
Net cash used in investing activities (76,771) (165,975)
Cash flows from financing activities    
Net increase in deposits 133,580 110,313
Increase in subordinated debentures 73,525
Advances of Federal Home Loan Bank ("FHLB") borrowings 892,000 863,000
Repayments of FHLB borrowings (960,031) (904,000)
Repurchase of treasury stock (5,175)
Cash dividends paid on common stock (5,851) (4,827)
Proceeds from exercise of stock options 265 252
Net cash provided by financing activities 54,788 138,263
Net change in cash and cash equivalents 13,284 26,587
Cash and cash equivalents at beginning of period 172,366 149,582
Cash and cash equivalents at end of period 185,650 176,169
Cash payments for:    
Interest paid on deposits and borrowings 44,169 25,055
Income taxes 7,816 1,497
Supplemental disclosures of noncash investing activities    
Transfer of loans to other real estate owned 538
Transfer of loans held-for-investment to loans held-for-sale 21,236
Transfer of loans held-for-sale to held-for-investment 45,552
Business combinations:    
Fair value of net assets acquired, net of cash and cash equivalents 534,146
Fair value of liabilities assumed $ 488,475
[1] Not within scope of ASC 606.