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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,612 $ 13,466
Proceeds from Sale of Loans Held-for-sale 13,571 22,807
Originations of loans held for sale (13,502) (18,926)
Items not requiring (providing) cash:    
Depreciation 2,264 2,226
Amortization 552 754
Compensation expense for stock option grants 220 177
Provision for loan losses 1,950 1,950
Net gains on loan sales (248) (462)
Net realized gains on sales of available-for-sale securities (10) 0
Net losses on sale of premises and equipment 8 38
Losses on sale/write-down of other real estate owned and repossessions 120 389
Accretion of deferred income, premiums, discounts and other (1,010) (707)
(Gain) loss on derivative interest rate products 25 (37)
Deferred income taxes 287 (6,355)
Changes In:    
Interest receivable (1,102) 194
Prepaid expenses and other assets 3,401 8,195
Accrued expenses and other liabilities 4,130 333
Income taxes refundable/payable 1,492 5,873
Net cash provided by operating activities 29,760 29,915
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans (50,733) (29,488)
Purchase of loans (14,240) (13,000)
Purchase of premises and equipment (2,363) (4,292)
Proceeds from sale of premises and equipment 83 11
Proceeds from sale of other real estate owned and repossessions 2,256 4,320
Proceeds from sales of available-for-sale securities 28,057 0
Proceeds from maturities and calls of available-for-sale securities 5,535 2,030
Principal reductions on mortgage-backed securities 3,159 4,810
Purchase of available-for-sale securities (66,764) (1,859)
Redemption of Federal Home Loan Bank stock 6,805 504
Net cash used in investing activities (88,205) (36,964)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in certificates of deposit 163,455 (70,680)
Net increase in checking and savings deposits 67,643 35,737
Proceeds from Federal Home Loan Bank advances 0 604,500
Repayments of Federal Home Loan Bank advances 0 (598,000)
Net increase (decrease) in short-term borrowings (157,141) 14,339
Advances from borrowers for taxes and insurance 2,772 1,736
Dividends paid (15,139) (3,381)
Purchase of the Company's common stock (849) 0
Stock options exercised 1,052 527
Net cash provided by (used in) financing activities 61,793 (15,222)
INCREASES ( DECREASES) IN CASH AND CASH EQUIVALENTS 3,348 (22,271)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 202,742 242,253
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 206,090 $ 219,982