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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 121,021 $ 112,566 $ 82,151
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 25,412 28,828 30,988
Depreciation and amortization of premises and equipment 9,497 9,280 9,056
Net amortization on securities 3,375 4,007 4,786
Amortization of intangible assets 3,579 4,042 3,960
Amortization of operating lease right-of-use assets 7,239 0 0
Excess tax benefit on stock-based compensation (409) (543) (1,769)
Stock-based compensation expense 4,210 3,936 3,644
Bank owned life insurance income (5,355) (5,091) (5,175)
Trading security purchases 0 0 (1,586)
Net unrealized losses on trading securities 0 0 (623)
Proceeds from sale of loans held for sale 175,829 102,547 111,284
Originations of loans held for sale (181,261) (108,070) (111,206)
Net gains on sale of loans held for sale (786) (286) (349)
Net security (gains) losses (4,213) 6,341 (1,867)
Net losses (gains) on sales and write-down of other real estate owned 227 (230) (221)
Gain on sale of equity investment 0 0 (818)
Impairment write-down of equity security 0 0 1,312
Impairment write-down of goodwill and intangible assets 0 0 1,530
Re-evaluation of deferred tax amounts from Tax Act 0 0 4,407
Net change in other assets and other liabilities (4,902) (9,554) 7,400
Net cash provided by operating activities 153,463 147,773 136,904
Investing activities      
Net cash used in acquisitions 0 (7,884) (4,000)
Securities available for sale:      
Proceeds from maturities, calls and principal paydowns 273,578 259,446 290,613
Proceeds from sales 26,203 101,315 14,788
Purchases (252,963) (132,448) (233,804)
Securities held to maturity:      
Proceeds from maturities, calls and principal paydowns 223,733 100,738 103,759
Proceeds from sales 0 0 764
Purchases (70,660) (400,602) (60,706)
Equity securities:      
Proceeds from sales 3,966 3,318 0
Purchases (93) (2) 0
Other:      
Net increase in loans (272,698) (331,166) (419,114)
Proceeds from Federal Home Loan Bank stock redemption 182,752 246,844 248,887
Purchases of Federal Reserve and Federal Home Loan Bank stock (174,143) (253,367) (248,560)
Proceeds from settlement of bank owned life insurance 1,086 0 799
Purchases of premises and equipment, net (6,647) (7,402) (6,691)
Proceeds from sale of equity investment 0 0 818
Proceeds from sales of other real estate owned 1,543 3,591 7,254
Net cash (used in) provided by investing activities (64,343) (417,619) (305,193)
Financing activities      
Net increase in deposits 219,609 197,575 196,948
Net (decrease) increase in short-term borrowings (216,421) 152,573 37,419
Proceeds from issuance of long-term debt 10,598 25,000 25,000
Repayments of long-term debt (20,111) (40,145) (40,218)
Proceeds from the issuance of shares to employee and other stock plans 725 1,296 3,309
Cash paid by employer for tax-withholdings on stock issuance (1,622) (1,893) (3,582)
Cash dividends (46,010) (43,269) (40,104)
Net cash (used in) provided by financing activities (53,232) 291,137 178,772
Net increase (decrease) in cash and cash equivalents 35,888 21,291 10,483
Cash and cash equivalents at beginning of year 180,955 159,664 149,181
Cash and cash equivalents at end of year 216,843 180,955 159,664
Cash paid during the period for:      
Interest expense 55,908 36,691 25,887
Income taxes paid 28,374 31,898 33,675
Noncash investing activities:      
Loans transferred to other real estate owned 787 1,273 5,981
Acquisitions:      
Fair value of assets acquired $ 0 $ 6,274 $ 3,096