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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 44,646 $ 37,476
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion and amortization 836 436
Provision for loan losses 2,584 3,093
Depreciation 4,486 4,719
Deferred income tax expense 3,810 3,998
Net periodic employee benefit cost 337 386
Realized investment securities gains (4,276) (3,978)
Investment securities impairment losses 0 465
Stock-compensation expense 1,653 1,606
Excess tax benefit from stock-compensation expense (550) 0
Proceeds from bank-owned life insurance 1,717 0
Increase in value of bank-owned life insurance (1,974) (2,374)
Loans originated for sale (13,858) (11,537)
Proceeds from the sale of loans originated for sale 16,315 11,637
Gain on sale of loans (437) (268)
Change in accrued interest receivable (828) (554)
Asset write down 0 444
Change in other assets 1,562 (14,068)
Change in other liabilities (1,505) 16,338
Net Cash Provided by Operating Activities 54,518 47,819
Investing Activities    
Proceeds from sales of securities available-for-sale 5,576 30,850
Proceeds from maturities and calls of securities available-for-sale 61,367 55,565
Proceeds from maturities and calls of securities held-to-maturity 8,072 9,194
Purchases of securities available-for-sale (136,418) (141,271)
Net increase in loans (63,139) (96,007)
Purchases of premises and equipment (4,262) (3,553)
Disposals of premises and equipment 2,500 408
Net Cash (Used in) Investing Activities (126,304) (144,814)
Financing Activities    
Net (decrease) increase in non-interest-bearing deposits (2,410) 48,792
Net increase in interest-bearing deposits 27,307 46,963
Net increase in short-term borrowings 33,159 24,515
Proceeds from issuance of common stock 28,408 0
Purchases of treasury stock 0 (10,018)
Proceeds from stock option exercises 597 705
Dividends paid (20,249) (19,266)
Net Cash Provided by Financing Activities 66,812 91,691
(Decrease) in Cash and Cash Equivalents (4,974) (5,304)
Cash and cash equivalents at beginning of period 88,139 70,113
Cash and Cash Equivalents at End of Period $ 83,165 $ 64,809