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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 40,106 $ 26,257
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,001 3,669
Amortization of intangible assets 4,798 2,768
Net accretion on securities, loans and borrowings (2,214) (406)
Stock-based compensation 1,715 1,410
Provision for loan losses 3,679 1,828
Amortization of mortgage servicing rights 117 126
Income from bank-owned life insurance policies (388) (368)
Net gain on sale of loans and other assets (80) (53)
Change in other assets and other liabilities 9,174 7,430
Net cash provided by operating activities 60,908 42,661
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 27,363 33,479
Proceeds from maturities of other investment securities 4,960 8,709
Purchases of available-for-sale investment securities (23,434) (16,784)
Purchases of other securities (21) (505)
Net change in loans 25,900 12,197
Cash paid for acquisitions, net of cash acquired of $16 and $11,063, respectively (1,464) (63,517)
Purchases of premises and equipment, net (1,556) (2,088)
Net cash provided by/(used in) investing activities 31,748 (28,509)
Financing activities:    
Net increase in deposits 326,672 260,923
Net change in borrowings (81,338) (146,200)
Issuance of common stock 570 1,809
Purchases of treasury stock (81) 0
Sales of treasury stock 2,546 2,151
Increase in deferred compensation arrangements 81 0
Cash dividends paid (17,281) (14,186)
Withholding taxes paid on share-based compensation (964) (1,320)
Net cash provided by financing activities 230,205 103,177
Change in cash and cash equivalents 322,861 117,329
Cash and cash equivalents at beginning of period 221,038 173,857
Cash and cash equivalents at end of period 543,899 291,186
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,757 2,707
Cash paid for income taxes 564 9,044
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 17,438 14,773
Transfers from loans to other real estate 942 920
Acquisitions:    
Common stock issued 0 78,483
Fair value of assets acquired, excluding acquired cash and intangibles 27 31,599
Fair value of liabilities assumed $ 31 $ 30,500