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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 43,465 $ 40,824 $ 36,153
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 1,050 1,850 2,400
Depreciation of premises and equipment 3,381 3,133 3,283
Net amortization of premium and discount 1,568 999 1,401
Amortization of intangibles 904 644 680
Share–based compensation 2,074 1,880 1,876
Deferred income tax expense 1,820 1,847 2,267
Income from bank-owned life insurance (1,982) (1,846) (1,850)
Net gain on sale of business line 0 (6,265) 0
Net gains on loan sales and commissions on loans originated for others (9,826) (6,802) (13,085)
Net impairment losses recognized in earnings 0 0 3,489
Equity in (earnings) losses of unconsolidated subsidiaries 293 276 107
Proceeds from sales of loans 477,616 257,244 415,186
Loans originated for sale (462,663) (285,938) (369,045)
(Increase) decrease in other assets (4,458) (8,250) 1,717
(Decrease) increase in other liabilities (1,676) 3,052 (4,763)
Net cash provided by operating activities 51,566 2,648 79,816
Cash flows from investing activities:      
Purchases of mortgage-backed securities available for sale (44,682) (53,051) (91,928)
Purchases of other investment securities available for sale (88,784) (31,208) (25,404)
Proceeds from sale of other investment securities available for sale 0 547 0
Maturities and principal payments of mortgage-backed securities available for sale 50,083 76,703 77,644
Maturities and principal payments of other investment securities available for sale 60,085 43,012 10,720
Maturities and principal payments of mortgage-backed securities held to maturity 4,960 4,445 9,993
Remittance of Federal Home Loan Bank stock 13,414 0 2,688
Net proceeds from the sale of business line 0 7,205 0
Net increase in loans (152,306) (389,649) (208,125)
Proceeds from sale of portfolio loans 0 1,200 49,588
Purchases of loans, including purchased interest (3,085) (8,119) (10,645)
Proceeds from the sale of property acquired through foreclosure or repossession 1,580 1,769 2,588
Purchases of premises and equipment (5,479) (5,226) (1,491)
Purchases of bank-owned life insurance 0 (5,000) 0
Repayment of investment in capital trust 0 0 310
Cash used in business combination, net of cash acquired (1,671) 0 0
Net cash used in investing activities (165,885) (357,372) (184,062)
Cash flows from financing activities:      
Net increase in deposits 179,437 249,497 192,690
Proceeds from Federal Home Loan Bank advances 495,500 602,499 204,000
Repayment of Federal Home Loan Bank advances (522,824) (484,284) (277,090)
Proceeds from stock option exercises and issuance of other equity instruments 1,563 1,189 3,681
Tax benefit from stock option exercises and other equity instruments 694 578 570
Cash dividends paid (22,770) (19,722) (16,628)
Redemption of junior subordinated debentures 0 0 (10,310)
Net cash provided by financing activities 131,600 349,757 96,913
Net increase (decrease) in cash and cash equivalents 17,281 (4,967) (7,333)
Cash and cash equivalents at beginning of year 80,350 85,317 92,650
Cash and cash equivalents at end of year 97,631 80,350 85,317
Noncash Investing and Financing Activities:      
Loans charged off 2,305 1,949 6,022
Loans transferred to property acquired through foreclosure or repossession 1,206 1,961 1,471
Amount of Gain (Loss) Recognized in Income on Derivative 0 0 0
In conjunction with the purchase acquisition detailed in Note 3 to the Consolidated Financial Statements, assets were acquired and liabilities were assumed as follows:      
Common stock issued for acquisition 5,430 0 0
Fair value of assets acquired, net of cash acquired 14,315 0 0
Fair value of liabilities assumed 7,214 0 0
Supplemental Disclosures:      
Interest payments 21,947 21,862 24,194
Income tax payments $ 20,213 $ 15,515 $ 13,618