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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 38,478 $ 29,878
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 2,761 2,412
Provision for loan losses 5,000 700
Net loss (gain) on sale and write down of other real estate owned 16 (5)
Amortization of loan servicing rights 254 307
Loans originated for sale (25,121) (25,622)
Net gain on sales of loans (767) (859)
Proceeds from sale of loans 22,748 27,773
Net loss (gain) on sales of premises and equipment 22 (5)
Net loss (gain) on sales and calls of securities available for sale [1] 6 (52) [2]
Net securities amortization 1,511 1,407
Stock based compensation expense 2,682 2,819
Earnings on life insurance (711) (873)
Gain on life insurance (205) 0
Tax benefit of stock option exercises (761) (932)
Net change:    
Interest receivable and other assets (2,812) 1,784
Interest payable and other liabilities 2,453 (2,804)
Total adjustments 7,076 6,050
Net cash from operating activities 45,554 35,928
Cash flows from investing activities:    
Proceeds from sale of securities available for sale 12,322 35,845
Proceeds from maturities, calls and principal paydowns of securities available for sale 24,809 30,837
Purchases of securities available for sale (72,740) (90,140)
Purchase of life insurance (310) (490)
Net increase in total loans (44,669) (106,011)
Proceeds from sales of land, premises and equipment 28 7
Purchases of land, premises and equipment (3,587) (6,814)
Proceeds from sales of other real estate 12 42
Proceeds from life insurance 568 0
Net cash from investing activities (83,567) (136,724)
Cash flows from financing activities:    
Net (decrease) increase in total deposits (73,702) 38,027
Net increase in short-term borrowings 210,587 225,143
Payments on long-term borrowings (80,030) (180,002)
Common dividends paid (12,120) (10,311)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (2,435) (1,736)
Purchase of treasury stock (229) (256)
Net cash from financing activities 42,058 70,852
Net change in cash and cash equivalents 4,045 (29,944)
Cash and cash equivalents at beginning of the period 176,180 167,280
Cash and cash equivalents at end of the period 180,225 137,336
Cash paid during the period for:    
Interest 20,090 13,936
Income taxes 8,154 11,513
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 0 79
Securities purchases payable $ 1,898 $ 0
[1] Not within scope of ASC 606
[2] The Company elected the modified retrospective approach of adoption; therefore, prior period balances are presented under legacy GAAP and may not be comparable to current year presentation. As a result of this new standard, the only revenue streams with changes in reporting in the current periods compared to the prior year comparable periods are loan and service fees and other income.