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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 26,257 $ 24,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,669 3,556
Amortization of intangible assets 2,768 1,442
Net accretion on securities, loans and borrowings (406) (911)
Stock-based compensation 1,410 1,219
Provision for loan losses 1,828 1,341
Amortization of mortgage servicing rights 126 131
Income from bank-owned life insurance policies (368) (355)
Net gain on sale of loans and other assets (53) (68)
Change in other assets and liabilities 7,430 (3,454)
Net cash provided by operating activities 42,661 27,304
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 33,479 18,894
Proceeds from maturities of other investment securities 8,709 12,297
Purchases of available-for-sale investment securities (16,784) (12,255)
Purchases of other securities (505) (4,612)
Net change in loans 12,197 (22,031)
Cash paid for acquisition, net of cash acquired of $11,063 and $0, respectively (63,517) (575)
Purchases of premises and equipment, net (2,088) (2,639)
Net cash used in investing activities (28,509) (10,921)
Financing activities:    
Net change in deposits 260,923 245,588
Net change in borrowings (146,200) (267,600)
Issuance of common stock 1,809 932
Sales of treasury stock 2,151 5,022
Cash dividends paid (14,186) (13,605)
Withholding taxes paid on share-based compensation (1,320) (1,417)
Net cash provided by/(used in) financing activities 103,177 (31,080)
Change in cash and cash equivalents 117,329 (14,697)
Cash and cash equivalents at beginning of period 173,857 153,210
Cash and cash equivalents at end of period 291,186 138,513
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,707 2,863
Cash paid for income taxes 9,044 7,065
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 14,773 13,610
Transfers from loans to other real estate 920 390
Acquisitions:    
Common stock issued 78,483 0
Fair value of assets acquired, excluding acquired cash and intangibles 31,599 0
Fair value of liabilities assumed $ 30,500 $ 0