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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 21,558 $ 17,910
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,504 3,673
Provision (credit) for loan and lease losses 1,815 (824)
Share based compensation expense 941 853
Deferred income tax expense 116 1,029
Origination of loans held for sale (109,045) (59,566)
Proceeds from sales of loans held for sale 101,688 59,704
Gains on sales of loans held for sale (1,576) (815)
Loss on sales of other real estate owned 0 (2)
Investment securities gains (19) 0
Net (increase) decrease in accrued interest receivable (510) 261
Net (increase) decrease in other assets (65) (4,580)
Net increase (decrease) in accrued expenses and other liabilities (162) 4,472
Other - net 2,069 2,427
Net cash provided by operating activities 20,314 24,542
Investing activities:    
Purchases of investments held-to-maturity (2,100) 0
Proceeds from sales of investment available-for-sale 5,838 4,560
Proceeds from maturities, calls and principal payments of investments held-to-maturity 4,786 680
Proceeds from maturities, calls and principal payments of investments available-for-sale 45,249 42,228
Net increase in loans and leases (163,717) (127,333)
Proceeds from the sales of other real estate owned 0 32
Expenditures for premises and equipment (4,559) (1,795)
Net cash used in investing activities (114,503) (81,628)
Financing activities:    
Net increase (decrease) in deposits 180,837 161,445
Net increase (decrease) in retail repurchase agreements and federal funds purchased 37,385 19,075
Proceeds from advances from FHLB 1,174,000 980,000
Repayment of advances from FHLB (1,279,000) (1,058,000)
Proceeds from issuance of common stock 13 34
Tax benefits associated with shared based compensation 335 0
Repurchase of common stock (14,915) 0
Dividends paid (11,041) (9,094)
Net cash provided by financing activities 87,614 93,460
Net increase (decrease) in cash and cash equivalents (6,575) 36,374
Cash and cash equivalents at beginning of period 96,217 74,427
Cash and cash equivalents at end of period 89,642 110,801
Supplemental Disclosures:    
Interest payments 9,619 9,358
Income tax payments 9,876 10,151
Transfers from loans to other real estate owned $ 1,340 $ 671