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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 87,047,000 $ 80,411,000 $ 57,330,000
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 5,930,000 5,654,000 5,119,000
Provision for loan losses 3,235,000 6,400,000 3,000,000
Net loss on sale and write down of other real estate owned 0 16,000 12,000
Amortization of loan servicing rights 528,000 503,000 599,000
Loans originated for sale (66,008,000) (49,816,000) (54,188,000)
Net gain on sales of loans (2,043,000) (1,713,000) (1,749,000)
Proceeds from sale of loans 64,820,000 51,715,000 57,621,000
Net (gain) loss on sale of premises and equipment (3,000) 1,000 79,000
Net (gain) loss on sales and calls of securities available-for-sale (142,000) 50,000 (32,000)
Net amortization of available-for-sale securities 3,947,000 3,177,000 3,114,000
Stock based compensation expense 4,187,000 5,608,000 5,698,000
Earnings on life insurance (1,890,000) (1,244,000) (1,768,000)
Gain on life insurance (841,000) (206,000) 0
Tax benefit of stock award issuances (529,000) (761,000) (964,000)
Net change:      
Interest receivable and other assets (4,733,000) (3,301,000) 787,000
Interest payable and other liabilities 6,534,000 8,481,000 2,584,000
Total adjustments 12,992,000 24,564,000 19,912,000
Net cash from operating activities 100,039,000 104,975,000 77,242,000
Cash flows from investing activities:      
Proceeds from sale of securities available-for-sale 57,114,000 15,302,000 40,877,000
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 67,818,000 53,817,000 61,745,000
Purchases of securities available-for-sale (129,453,000) (126,551,000) (139,252,000)
Purchase of life insurance (5,552,000) (423,000) (580,000)
Net increase in total loans (152,119,000) (101,670,000) (347,217,000)
Proceeds from sales of land, premises and equipment 14,000 461,000 10,000
Purchases of land, premises and equipment (7,998,000) (7,968,000) (9,582,000)
Purchase of Federal Home Loan Bank Stock 0 0 (2,250,000)
Proceeds from sales of other real estate owned 0 21,000 199,000
Proceeds from life insurance 1,483,000 569,000 0
Net cash from investing activities (168,693,000) (166,442,000) (396,050,000)
Cash flows from financing activities:      
Net increase in total deposits 89,754,000 35,410,000 430,743,000
Net increase (decrease) in short-term borrowings (75,555,000) 174,903,000 20,607,000
Proceeds from short-term FHLB borrowings 0 0 80,000,000
Payments on short term FHLB borrowings 0 (80,000,000) (180,000,000)
Payments on long-term FHLB borrowings 0 (30,000) (2,000)
Payments on subordinated debentures (30,928,000) 0 0
Common dividends paid (29,639,000) (25,278,000) (21,396,000)
Preferred dividends paid (13,000) (13,000) (13,000)
Payments related to equity incentive plan (2,109,000) (2,435,000) (1,736,000)
Purchase of treasury stock (515,000) (463,000) (495,000)
Sales of treasury stock 118,000 115,000 0
Net cash from financing activities (48,887,000) 102,209,000 327,708,000
Net change in cash and cash equivalents (117,541,000) 40,742,000 8,900,000
Cash and cash equivalents at beginning of the year 216,922,000 176,180,000 167,280,000
Cash and cash equivalents at end of the year 99,381,000 216,922,000 176,180,000
Cash paid during the year for:      
Interest 58,964,000 43,606,000 29,171,000
Income taxes 21,035,000 19,033,000 29,120,000
Supplemental non-cash disclosures:      
Loans transferred to other real estate owned 0 316,000 88,000
Property transferred to held for sale 0 221,000 0
Right-of-use assets obtained in exchange for lease liabilities $ 5,483,000 $ 0 $ 0