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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 6,221 $ 18,736
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 690 703
Provision for loan losses 4,355 776
Net amortization of debt securities 790 932
Amortization of unrealized gain on dedesignated cash flow hedge (32)  
Deferred income tax benefit (678)  
Stock-based compensation 67  
Net accretion of discount and deferred loan fees on loans (922) (1,699)
Net unrealized loss (gain) on equity securities 52 (79)
Net loss (gain) on sales of bank premises and equipment 3 (30)
Net gain on sales of bank premises held for sale   (79)
Net gain on sales of foreclosed assets (75) (89)
Write-down of foreclosed assets 47 125
Amortization of intangibles 317 376
Decrease in mortgage servicing rights 2,171 1,002
Amortization of subordinated debt purchase accounting adjustment 16 16
Mortgage loans originated for sale (32,156) (21,780)
Proceeds from sale of mortgage loans 32,418 22,609
Net gain on sale of mortgage loans (536) (525)
Gain on sale of First Community Title Services, Inc.   (498)
Decrease in accrued interest receivable 1,855 44
Decrease in other assets 887 437
Increase in other liabilities (2,971) (1,302)
Net cash provided by operating activities 12,519 19,675
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in interest-bearing time deposits with banks 248  
Proceeds from paydowns, maturities, and calls of debt securities 48,305 41,784
Purchase of securities (56,349) (34,149)
Net decrease (increase) in loans 31,210 (38,777)
Purchases of bank premises and equipment (841) (298)
Proceeds from sales of bank premises and equipment   176
Proceeds from sales of bank premises held for sale   620
Proceeds from sales of foreclosed assets 677 511
Cash received from sale of First Community Title Services, Inc.   114
Net cash provided by (used in) investing activities 23,250 (30,019)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (46,552) 25,473
Net decrease in repurchase agreements (3,622) (5,667)
Cash dividends paid (4,130) (35,839)
Net cash used in financing activities (54,304) (16,033)
NET DECREASE IN CASH AND CASH EQUIVALENTS (18,535) (26,377)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 283,971 186,879
CASH AND CASH EQUIVALENTS AT END OF PERIOD 265,436 160,502
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 2,166 2,182
Cash paid for income taxes 985 880
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets $ 19 1,408
Sales of foreclosed assets through loan origination   $ 269