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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 17,650,000 $ 10,666,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization of leasehold improvement 1,760,000 1,682,000
Change in fair value of mortgage servicing rights 756,000 1,921,000
Loan loss reserve release 1,050,000  
Provision for deferred tax expense 5,682,000 5,476,000
Originations of loans held-for-sale (113,077,000) (147,187,000)
Proceeds from sales of loans held-for-sale 119,059,000 150,247,000
Net gain on sales of mortgage loans (3,715,000) (5,031,000)
Net discount accretion of purchase accounting adjustment on loans (1,115,000)  
Change in current income taxes receivable (payable) 111,000 300,000
Increase in cash surrender value of bank-owned life insurance (1,071,000) (987,000)
Change in accrued interest receivable and other assets (6,849,000) (2,659,000)
Change in accrued interest payable and other liabilities 4,571,000 (246,000)
Net discount (accretion)/premium amortization on securities 1,320,000 (517,000)
Securities losses, net 165,000 2,020,000
Amortization of core deposit 74,000  
Amortization of junior subordinated debentures issuance costs 36,000 36,000
Amortization of senior notes issuance costs 77,000  
Stock based compensation 897,000 482,000
Net gain on sale of other real estate owned (454,000) (316,000)
Provision for other real estate owned losses 1,630,000 1,305,000
Net loss on disposal of fixed assets (10,000) 1,000
Net cash provided by (used in) operating activities 28,547,000 17,193,000
Cash flows from investing activities    
Proceeds from maturities and calls including pay down of securities available-for-sale 105,327,000 62,868,000
Proceeds from sales of securities available-for-sale 152,476,000 271,374,000
Purchases of securities available-for-sale (246,971,000) (153,252,000)
Proceeds from maturities and calls including pay down of securities held-to-maturity   3,372,000
Proceeds from sales of Federal Home Loan Bank stock (2,475,000) 600,000
Net change in loans (118,711,000) (71,600,000)
Improvements in other real estate owned   (16,000)
Proceeds from sales of other real estate owned 5,512,000 5,247,000
Proceeds from disposition of premises and equipment 13,000  
Net purchases of premises and equipment (852,000) (1,163,000)
Net cash (used in) provided by investing activities (105,681,000) 117,430,000
Cash flows from financing activities    
Net change in deposits 22,330,000 18,296,000
Net change in securities sold under repurchase agreements 1,138,000 12,536,000
Net change in other short-term borrowings 55,000,000 (15,000,000)
Payment of senior note issuance costs (42,000)  
Dividends paid common stock (888,000) (592,000)
Purchase of treasury stock (236,000) (254,000)
Net cash (used in) provided by financing activities 77,302,000 14,986,000
Net change in cash and cash equivalents 168,000 149,609,000
Cash and cash equivalents at beginning of period 47,334,000 40,338,000
Cash and cash equivalents at end of period 47,502,000 189,947,000
Supplemental cash flow information    
Income taxes paid 230,000 160,000
Interest paid for deposits 3,802,000 3,142,000
Interest paid for borrowings 4,890,000 4,021,000
Non-cash transfer of loans to other real estate owned 3,701,000 1,223,000
Non-cash transfer of premises to other real estate owned $ 95,000  
Non-cash transfer of securities held-to-maturity to securities available-for-sale   $ 244,823,000