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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 15,245 $ 6,221
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 774 690
Provision for loan losses (3,405) 4,355
Net amortization of debt securities 1,732 790
Amortization of unrealized gain on dedesignated cash flow hedge   (32)
Deferred income tax expense (benefit) 685 (678)
Stock-based compensation 129 67
Net accretion of discount and deferred loan fees on loans (2,562) (922)
Net unrealized (gain) loss on equity securities (40) 52
Net loss on sales of bank premises and equipment   3
Net loss (gain) on sales of foreclosed assets 3 (75)
Write-down of foreclosed assets 73 47
Amortization of intangibles 289 317
(Increase) decrease in mortgage servicing rights (1,695) 2,171
Amortization of discount and issuance costs on subordinated notes and debentures 36 16
Mortgage loans originated for sale (71,835) (32,156)
Proceeds from sale of mortgage loans 75,766 32,418
Net gain on sale of mortgage loans (2,100) (536)
Decrease in accrued interest receivable 1,537 1,855
Decrease in other assets 875 887
Decrease in other liabilities (9,032) (2,971)
Net cash provided by operating activities 6,475 12,519
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in interest-bearing time deposits with banks   248
Proceeds from paydowns, maturities, and calls of debt securities 59,641 48,305
Purchase of securities (142,980) (56,349)
Net increase (decrease) in loans (21,482) 31,210
Purchases of bank premises and equipment (418) (841)
Proceeds from sales of foreclosed assets 15 677
Net cash (used in) provided by investing activities (105,224) 23,250
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 225,432 (46,552)
Net decrease in repurchase agreements (3,760) (3,622)
Repurchase of common stock (1,514)  
Cash dividends and dividend equivalents paid (4,124) (4,130)
Net cash provided by (used in) financing activities 216,034 (54,304)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 117,285 (18,535)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 312,451 283,971
CASH AND CASH EQUIVALENTS AT END OF PERIOD 429,736 265,436
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 2,077 2,166
Cash paid for income taxes   985
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets $ 671 $ 19