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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 11,901 $ 17,495
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 7,036 650
Depreciation of premises and equipment 783 838
Net amortization of premium and discount on securities and loans 1,519 822
Amortization of intangibles 230 239
Share-based compensation 758 740
Tax benefit from stock option exercises and other equity awards (85) 7
Income from bank-owned life insurance (564) (649)
Net gains on loan sales and commissions on loans originated for others, including fair value adjustments (6,013) (2,474)
Proceeds from sales of loans 148,768 51,673
Loans originated for sale (166,408) (46,864)
(Increase) decrease in operating lease right-of-use assets 694 673
Increase (decrease) in operating lease liabilities (677) (666)
(Increase) decrease in other assets (57,060) (11,022)
Increase (decrease) in other liabilities 56,292 9,532
Net cash provided by (used in) operating activities (2,826) 20,994
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (70,924) (62,109)
Purchases of other investment securities available for sale (45,000) (10,507)
Maturities and principal payments of mortgage-backed securities available for sale 43,750 19,718
Maturities and principal payments of other investment securities available for sale 70,000 10,000
Remittance (purchases) of Federal Home Loan Bank stock (2,723) (1,957)
Net (increase) decrease in loans (145,740) (54,147)
Purchases of loans (51,081) (161)
Proceeds from the sale of property acquired through foreclosure or repossession 1,066 0
Purchases of premises and equipment (628) (1,655)
Proceeds from surrender of bank-owned life insurance 0 326
Net cash provided by (used in) investing activities (201,280) (100,492)
Cash flows from financing activities:    
Net increase (decrease) in deposits 207,432 (19,788)
Proceeds from Federal Home Loan Bank advances 879,000 532,000
Repayment of Federal Home Loan Bank advances (821,930) (426,593)
Treasury stock purchased (4,322) 0
Net proceeds from stock option exercises and issuance of other equity awards (377) 116
Cash dividends paid (8,883) (8,153)
Net cash provided by (used in) financing activities 250,920 77,582
Net increase (decrease) in cash and cash equivalents 46,814 (1,916)
Cash and cash equivalents at beginning of period 138,455 93,475
Cash and cash equivalents at end of period 185,269 91,559
Noncash Investing and Financing Activities:    
Loans charged off 635 103
Loans transferred to property acquired through foreclosure or repossession 28 0
Operating lease right-of-use assets 0 28,923
Operating lease liabilities 0 30,853
Fair value of debt securities transferred from held-to-maturity to available for sale 0 10,316
Supplemental Disclosures:    
Interest Payments 14,479 14,082
Income tax payments $ 1,036 $ 1,136