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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 45,270 $ 47,943 $ 36,600
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 16,103 6,433 8,667
Depreciation, amortization and accretion, net 11,721 10,842 7,881
Change in cash surrender value of bank owned life insurance (1,730) (1,755) (1,337)
Stock-based compensation expense 774 453 294
Operating lease payments (2,766) (2,680) 0
Gains on investment securities, net (1,106) (802) (901)
Losses on sales of other real property owned, net 195 4 132
(Gain) loss on write down of premises and equipment (5) 90 30
Gains on sale of loans held for sale, net (5,248) (1,504) (1,070)
Deferred income taxes (4,963) 1,885 4,283
Decrease (increase) in accrued interest receivable (3,710) 1,304 (1,708)
Increase in accrued interest payable 327 821 829
Origination of loans held for sale (196,469) (101,714) (62,623)
Proceeds from sale of loans held for sale 201,613 102,906 63,210
Gains on equity securities (133) 0 0
Increase in other assets (2,045) (4,680) (4,266)
Increase (decrease) in other liabilities 5,713 3,282 (7,846)
Net cash provided by operating activities 63,541 62,828 42,175
Cash flows from investing activities:      
Proceeds from maturities of certificates of deposit investments 2,910 2,944 1,486
Purchase of certificates of deposit investments (980) 0 0
Proceeds from sales of securities available-for-sale 9,061 60,900 13,152
Proceeds from maturities of securities available-for-sale 324,148 154,167 55,035
Proceeds from maturities of securities held-to-maturity 55,000 0 0
Purchases of securities available-for-sale (506,458) (188,608) (38,852)
Net increase in loans (445,694) (59,797) (96,665)
Purchases of premises and equipment (2,463) (4,103) (3,112)
Proceeds from sales of other real property owned 2,054 2,425 1,606
Cash received related to acquisition, net of cash and cash equivalents acquired 0 0 56,389
Net cash used in investing activities (562,422) (32,072) (10,961)
Cash flows from financing activities:      
Net increase (decrease) in deposits 775,418 (71,320) (19,548)
Increase (decrease) in federal funds purchased (5,000) 5,000 0
Increase (decrease) in repurchase agreements (1,172) 15,779 15,762
Proceeds from FHLB advances 19,000 50,000 45,000
Repayment of FHLB advances (39,000) (56,000) (35,000)
Proceeds from short-term debt 5,000 0 0
Proceeds from long-term debit 94,253 0 0
Repayment of short-term debt (5,000) 0 0
Repayment of long-term debt 0 (7,724) (10,313)
Repayment of junior subordinated debentures 0 (10,310) 0
Proceeds from issuance of common stock 610 655 36,645
Direct expenses related to capital transactions 0 0 (2,309)
Purchase of treasury stock (213) (1,293) (138)
Dividends paid on common stock (12,814) (11,863) (8,792)
Net cash provided by (used in) financing activities 831,082 (87,076) 21,307
Increase (decrease) in cash and cash equivalents 332,201 (56,320) 52,521
Cash and cash equivalents at beginning of period 85,080 141,400 88,879
Cash and cash equivalents at end of period 417,281 85,080 141,400
Cash paid during the period for:      
Interest 16,645 23,544 11,671
Income taxes 18,624 15,556 9,645
Supplemental disclosures of noncash investing and financing activities      
Loans transferred to other real estate owned 783 3,570 518
Dividends reinvested in common stock 680 805 1,099
Initial recognition of right-of-use assets   14,116 0
Initial recognition of lease liabilities   14,116 0
Net tax benefit related to option and deferred compensation plans $ 22 $ 56 160
First Banc Trust      
Supplemental disclosure of purchase of capital stock:      
Fair value of assets acquired     501,285
Cash paid     10,275
Common stock issued     61,350
Total consideration paid     71,625
Fair value of liabilities assumed     429,660
SCB Bancorp      
Supplemental disclosure of purchase of capital stock:      
Fair value of assets acquired     479,056
Cash paid     19,046
Common stock issued     48,260
Total consideration paid     67,306
Fair value of liabilities assumed     $ 411,750