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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income $ 22,535 $ 21,824
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 2,055 1,916
Provision for loan losses 360 (1,209)
Share-based compensation 21 21
Forfeiture of common stock (37) (40)
Compensation expensed through issuance of common stock 308 286
Excess tax benefits from share-based compensation (7) (50)
Provision for deferred income taxes (1,033) 37
Net gain on sale of other real estate owned and other repossessed assets (139) (426)
Increase in accrued interest receivable (1,424) (1,304)
Amortization of discount on investment securities, net 498 654
Decrease in other assets 246 222
Increase in accrued interest payable and other liabilities 2,479 2,845
Loans originated for sale (133,522) (80,798)
Proceeds on sales of loans 134,747 83,879
Net gain on sales of loans (1,144) (638)
Net cash and cash equivalents provided by operating activities 25,943 27,219
Cash Flows from Investing Activities    
Proceeds from maturities of investment securities available for sale 45,901 46,252
Purchases of investment securities available for sale (35,847) (51,434)
Payments for (Proceeds from) Loans and Leases (90,695) (113,409)
Proceeds on sale of other real estate owned and other repossessed assets 1,134 1,609
Purchases of property and equipment (6,678) (703)
Income from tax credit real estate, net 666 682
Net cash and cash equivalents used in investing activities (85,519) (117,003)
Cash Flows from Financing Activities    
Net increase in deposits 53,907 129,619
Net decrease in other borrowings (11,375) (5,983)
Net increase in FHLB borrowings 30,000 0
Borrowings from FRB 4 0
Payments on FRB borrowings (4) 0
Stock options exercised 0 101
Excess tax benefits related to share-based compensation 7 50
Purchase of treasury stock (2,297) (3,421)
Dividends paid (5,855) (5,420)
Net cash and cash equivalents provided by financing activities 64,387 114,946
Increase in cash and cash equivalents 4,811 25,162
Cash and cash equivalents:    
Beginning of year 29,174 43,702
End of period 33,985 68,864
Cash payments for:    
Interest paid to depositors 6,399 7,232
Interest paid on other obligations 4,761 4,278
Income taxes paid 10,072 8,072
Noncash activities:    
Increase in maximum cash obligation related to ESOP shares 1,359 2,926
Transfers to other real estate owned 355 1,726
Sale and financing of other real estate owned $ 452 $ 242