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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 34,991 $ 15,602
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,134 2,677
Amortization of premiums and discounts on securities, net 1,732 1,838
Other amortization and accretion, net 225 (429)
Stock based compensation 3,622 2,540
Origination of loans designated for sale (159,991) (117,379)
Sale of loans designated for sale 173,385 113,527
Provision for loan losses 3,614 2,705
Deferred income taxes 4,559 7,338
Gains on sale of securities 0 (21)
Gains on sale of loans (5,277) (3,078)
Losses (gains) on sale and write-downs of other real estate owned 298 (212)
Losses on disposition of fixed assets 231 2,316
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net decrease in other assets 19,230 1,347
Net increase (decrease) in other liabilities 3,184 (2,634)
Net cash provided by operating activities 82,937 26,137
CASH FLOWS FROM INVESTING ACTIVITIES    
Maturities and repayments of debt securities available for sale 77,860 125,115
Maturities and repayments of debt securities held to maturity 34,360 42,883
Proceeds from sale of debt securities available for sale 0 3,820
Purchases of debt securities available for sale (101,354) (142,062)
Purchases of debt securities held to maturity 0 (49,963)
Maturities of time deposits with other banks 1,991 847
Net new loans and principal repayments (161,038) (198,080)
Proceeds from the sale of other real estate owned 5,184 3,324
Proceeds from sale of FHLB and Federal Reserve Bank Stock 20,570 14,832
Purchase of FHLB and Federal Reserve Stock (23,055) (15,012)
Purchase of VISA Class B stock 0 (6,180)
Redemption of bank owned life insurance 4,232 0
Net cash from bank acquisition 0 30,233
Additions to bank premises and equipment (2,475) (2,979)
Net cash used in investing activities (143,725) (193,222)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 104,720 166,863
Net decrease in federal funds purchased and repurchase agreements (16,044) (36,644)
Net decrease in FHLB borrowings (6,000) (20,000)
Issuance of common stock, net of related expense 0 55,641
Stock based employee benefit plans 129 (222)
Dividends paid 0 0
Net cash provided by financing activities 82,805 165,638
Net increase (decrease) in cash and cash equivalents 22,017 (1,447)
Cash and cash equivalents at beginning of period 109,504 109,644
Cash and cash equivalents at end of period 131,521 108,197
Supplemental disclosure of non cash investing activities:    
Transfers from loans to other real estate owned 4,207 448
Transfers from bank premises to other real estate owned $ 2,052 $ 1,212