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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 24,203 $ 50,778
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 2,176 2,042
Provision for loan losses 10,102 3,266
Net amortization of debt securities 3,298 2,759
Amortization of unrealized gain on dedesignated cash flow hedge (64) (53)
Deferred income tax benefit (628)  
Stock-based compensation 263  
Net accretion of discount and deferred loan fees on loans (3,459) (3,150)
Net unrealized loss (gain) on equity securities (3) (42)
Net loss (gain) on sales of bank premises and equipment 2 (29)
Net gain on sales of bank premises held for sale   (448)
Impairment losses on bank premises held for sale   37
Net gain on sales of foreclosed assets (269) (240)
Write-down of foreclosed assets 156 552
Amortization of intangibles 927 1,087
Decrease in mortgage servicing rights 2,947 2,982
Amortization of discount and issuance costs on subordinated notes and junior subordinated debentures 56 49
Mortgage loans originated for sale (271,903) (106,885)
Proceeds from sale of mortgage loans 258,566 104,254
Net gain on sale of mortgage loans (5,855) (2,177)
Gain on sale of First Community Title Services, Inc.   (498)
Decrease in accrued interest receivable 131 484
Increase in other assets 437 (2,175)
(Decrease) increase in other liabilities (26,156) 4,705
Net cash (used in) provided by operating activities (5,073) 57,298
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in interest-bearing time deposits with banks 248  
Proceeds from paydowns, maturities, and calls of debt securities 147,561 134,347
Purchase of securities (344,335) (40,903)
Net increase in loans (113,533) (26,049)
Purchase of restricted stock (73)  
Proceeds from redemption of restricted stock   294
Purchases of bank premises and equipment (1,463) (1,558)
Proceeds from sales of bank premises and equipment 1 176
Proceeds from sales of bank premises held for sale   1,039
Proceeds from sales of foreclosed assets 1,793 4,142
Capital improvements to foreclosed assets (6) (41)
Cash received from sale of First Community Title Services, Inc.   114
Net cash used in investing activities (309,807) 71,561
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 239,806 (91,912)
Net increase (decrease) in repurchase agreements 1,005 (13,928)
Issuance of subordinated notes, net of issuance costs 39,211  
Cash dividends paid (12,389) (54,957)
Net cash provided by (used in) financing activities 267,633 (160,797)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (47,247) (31,938)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 283,971 186,879
CASH AND CASH EQUIVALENTS AT END OF PERIOD 236,724 154,941
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 5,191 7,646
Cash paid for income taxes 14,308 880
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets 499 1,788
Sales of foreclosed assets through loan origination $ 67 $ 360