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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 28,962 $ 13,640
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 1,545 1,406
Provision for loan losses (5,567) 7,928
Net amortization of debt securities 3,553 1,825
Amortization of unrealized gain on dedesignated cash flow hedge   (64)
Deferred income tax expense 1,137 185
Stock-based compensation 310 163
Net accretion of discount and deferred loan fees on loans (5,499) (1,313)
Net unrealized gain on equity securities (46) (5)
Net loss on disposals of bank premises and equipment 14 3
Net gain on sales of foreclosed assets (213) (144)
Write-down of foreclosed assets 73 58
Amortization of intangibles 547 622
(Increase) decrease in mortgage servicing rights (1,385) 2,679
Amortization of discount and issuance costs on subordinated notes and debentures 72 33
Mortgage loans originated for sale (114,768) (152,706)
Proceeds from sale of mortgage loans 127,192 133,974
Net gain on sale of mortgage loans (3,662) (2,671)
Decrease in accrued interest receivable 1,470 1,290
Decrease (increase) in other assets 2,190 (375)
Decrease in other liabilities (12,311) (19,146)
Net cash provided by (used in) operating activities 23,614 (12,618)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in interest-bearing time deposits with banks   248
Proceeds from paydowns, maturities, and calls of debt securities 101,621 97,066
Purchase of securities (273,352) (179,418)
Net decrease (increase) in loans 95,944 (111,420)
Purchase of restricted stock (241) (73)
Purchases of bank premises and equipment (572) (1,305)
Proceeds from sales of bank premises and equipment 17  
Proceeds from sales of foreclosed assets 1,229 1,001
Capital improvements to foreclosed assets   (6)
Net cash used in investing activities (75,354) (193,907)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 294,100 238,258
Net increase in repurchase agreements 1,020 6,921
Repurchase of common stock (1,980)  
Cash dividends and dividend equivalents paid (8,248) (8,260)
Net cash provided by financing activities 284,892 236,919
NET INCREASE IN CASH AND CASH EQUIVALENTS 233,152 30,394
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 312,451 283,971
CASH AND CASH EQUIVALENTS AT END OF PERIOD 545,603 314,365
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 3,118 3,822
Cash paid for income taxes 12,991 2,935
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES    
Transfers of loans to foreclosed assets 4,856 327
Sales of foreclosed assets through loan origination $ 178 $ 67