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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 46,481 $ 43,465 $ 40,824
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 5,650 1,050 1,850
Depreciation of premises and equipment 3,651 3,381 3,133
Net amortization of premium and discount 2,779 1,568 999
Amortization of intangibles 1,284 904 644
Share–based compensation 2,190 2,074 1,880
Deferred income tax expense 868 1,820 1,847
Income from bank-owned life insurance (2,659) (1,982) (1,846)
Net gain on sale of business line 0 0 (6,265)
Net gains on loan sales and commissions on loans originated for others (13,137) (9,826) (6,802)
Net gain on sale of portfolio loans (135) 0 0
Equity in (earnings) losses of unconsolidated subsidiaries 354 293 276
Proceeds from sales of loans 551,788 477,616 257,244
Loans originated for sale (532,950) (462,663) (285,938)
Change in fair value of contingent consideration (898) 41 0
Decrease (increase) in other assets 630 (4,458) (8,250)
(Decrease) increase in other liabilities (7,163) (1,717) 3,052
Net cash provided by operating activities 58,733 51,566 2,648
Cash flows from investing activities:      
Purchases of mortgage-backed securities available for sale (431,662) (44,682) (53,051)
Purchases of other investment securities available for sale (121,679) (88,784) (31,208)
Proceeds from sale of other investment securities available for sale 0 0 547
Maturities and principal payments of mortgage-backed securities available for sale 65,673 50,083 76,703
Maturities and principal payments of other investment securities available for sale 108,256 60,085 43,012
Maturities and principal payments of mortgage-backed securities held to maturity 4,193 4,960 4,445
(Purchases) remittance of Federal Home Loan Bank stock (18,813) 13,414 0
Net proceeds from the sale of business line 0 0 7,205
Net increase in loans (112,966) (152,306) (389,649)
Proceeds from sale of portfolio loans 510 0 1,200
Purchases of loans (113,562) (3,085) (8,119)
Proceeds from the sale of property acquired through foreclosure or repossession 731 1,580 1,769
Purchases of premises and equipment (3,112) (5,479) (5,226)
Purchases of bank-owned life insurance (5,000) 0 (5,000)
Proceeds from Life Insurance Policies 2,054 0 0
Cash used in business combination, net of cash acquired 0 (1,671) 0
Net cash used in investing activities (625,377) (165,885) (357,372)
Cash flows from financing activities:      
Net increase in deposits 129,497 179,437 249,497
Proceeds from Federal Home Loan Bank advances 1,428,750 495,500 602,499
Repayment of Federal Home Loan Bank advances (958,793) (522,824) (484,284)
Proceeds from stock option exercises and issuance of other equity instruments 977 1,563 1,189
Tax benefit from stock option exercises and other equity instruments 1,016 694 578
Cash dividends paid (24,637) (22,770) (19,722)
Net cash provided by financing activities 576,810 131,600 349,757
Net increase (decrease) in cash and cash equivalents 10,166 17,281 (4,967)
Cash and cash equivalents at beginning of year 97,631 80,350 85,317
Cash and cash equivalents at end of year 107,797 97,631 80,350
Noncash Investing and Financing Activities:      
Loans charged off 7,012 2,305 1,949
Loans transferred to property acquired through foreclosure or repossession 1,075 1,206 1,961
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 0 5,430 0
Fair value of assets acquired, net of cash acquired 0 14,315 0
Fair value of liabilities assumed 0 7,214 0
Supplemental Disclosures:      
Interest payments 22,267 21,947 21,862
Income tax payments $ 19,822 $ 20,213 $ 15,515