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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 36,139,000 $ 30,450,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 6,997,000 7,345,000
Accretion of acquired loans (522,000) (1,057,000)
Provision for loan losses 2,450,000 1,100,000
Stock-based compensation expense 2,199,000 1,763,000
Stock grants to directors for retainer fee 375,000 403,000
Proceeds from sales of mortgage loans held for sale 163,056,000 77,276,000
Origination of mortgage loans held for sale (169,661,000) (73,790,000)
Net gain from sales of mortgage loans held for sale (5,032,000) (2,703,000)
Net gain from sales and valuation write-downs of foreclosed assets (132,000) (205,000)
Net gain from sales and valuation write-downs of former bank premises (559,000) (78,000)
Net loss from sales and write-downs of fixed assets 5,000 97,000
Earnings on bank owned life insurance (3,567,000) (969,000)
Net change in:    
Accrued interest receivable (609,000) (1,217,000)
Other assets (7,163,000) (2,744,000)
Accrued interest payable and other liabilities (3,843,000) (779,000)
Net cash from operating activities 20,133,000 34,892,000
Cash flows from investing activities    
Loan originations and payments, net (168,412,000) (138,170,000)
Purchases of securities available for sale (53,353,000) (35,729,000)
Proceeds from maturities, calls and repayments of securities available for sale 60,617,000 31,935,000
Proceeds from sales of foreclosed assets 632,000 597,000
Proceeds from sales of former bank premises 854,000 1,964,000
Purchases of Federal Home Loan Bank stock (1,980,000) (36,000)
Purchases of bank owned life insurance (2,500,000) 0
Proceeds from bank owned life insurance cash value release and death benefits 7,708,000 0
Net purchases of premises and equipment (9,109,000) (5,084,000)
Net cash for investing activities (165,543,000) (144,523,000)
Cash flows from financing activities    
Net increase (decrease) in time deposits 196,035,000 (50,574,000)
Net increase in all other deposits 107,348,000 37,019,000
Net increase (decrease) in securities sold under agreements to repurchase 471,000 (6,370,000)
Maturities of Federal Home Loan Bank advances (30,000,000) (30,000,000)
Proceeds from Federal Home Loan Bank advances 44,000,000 50,000,000
Proceeds from stock option exercises 16,000 66,000
Employee stock purchase plan 39,000 40,000
Dividend reinvestment plan 541,000 500,000
Repurchases of common stock shares (7,110,000) 0
Payment of cash dividends to common shareholders (12,746,000) (11,134,000)
Net cash from (for) financing activities 298,594,000 (10,453,000)
Net change in cash and cash equivalents 153,184,000 (120,084,000)
Cash and cash equivalents at beginning of period 75,354,000 200,101,000
Cash and cash equivalents at end of period 228,538,000 80,017,000
Supplemental disclosures of cash flows information    
Interest 23,361,000 15,266,000
Federal income tax 8,875,000 7,425,000
Transfers from loans to foreclosed assets 227,000 670,000
Transfers from bank premises to other real estate owned $ 0 $ 296,000