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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 10,673,000 $ 11,824,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 982,000 2,178,000
Accretion of acquired loans (113,000) (146,000)
Provision for loan losses 750,000 850,000
Stock-based compensation expense 625,000 744,000
Proceeds from sales of mortgage loans held for sale 68,627,000 21,609,000
Origination of mortgage loans held for sale (86,206,000) (21,592,000)
Net gain from sales of mortgage loans held for sale (2,096,000) (705,000)
Net gain from sales and valuation write-downs of foreclosed assets (49,000) (27,000)
Net gain from sales and valuation write-downs of former bank premises (27,000) (558,000)
Net loss from sales and write-downs of fixed assets 54,000 0
Earnings on bank owned life insurance (336,000) (1,630,000)
Net change in:    
Accrued interest receivable 220,000 (1,464,000)
Other assets 271,000 1,147,000
Accrued interest and other liabilities (3,153,000) (9,785,000)
Net cash from/(for) operating activities (9,778,000) 2,445,000
Cash flows from investing activities    
Loan originations and payments, net (24,910,000) (45,840,000)
Purchases of securities available for sale (99,002,000) (2,415,000)
Proceeds from maturities, calls and repayments of securities available for sale 124,510,000 6,162,000
Purchases of Federal Home Loan Bank stock 0 (1,980,000)
Proceeds from sales of foreclosed assets 106,000 171,000
Proceeds from sales of former bank premises 162,000 854,000
Proceeds from bank owned life insurance cash value release and death benefits 0 3,996,000
Purchases of bank owned life insurance 0 (2,500,000)
Net purchases of premises and equipment (3,159,000) (2,732,000)
Net cash for investing activities (2,293,000) (44,284,000)
Cash flows from financing activities    
Net increase (decrease) in time deposits (61,810,000) 165,532,000
Net increase (decrease) in all other deposits 16,842,000 (18,266,000)
Net increase in securities sold under agreements to repurchase 30,595,000 7,716,000
Maturities of Federal Home Loan Bank advances 0 (10,000,000)
Proceeds from Federal Home Loan Bank advances 40,000,000 44,000,000
Proceeds from stock option exercises 0 2,000
Employee stock purchase plan 14,000 14,000
Dividend reinvestment plan 192,000 182,000
Repurchases of common stock (6,282,000) (3,601,000)
Payment of cash dividends to common shareholders (4,492,000) (4,200,000)
Net cash from financing activities 15,059,000 181,379,000
Net change in cash and cash equivalents 2,988,000 139,540,000
Cash and cash equivalents at beginning of period 233,731,000 75,354,000
Cash and cash equivalents at end of period 236,719,000 214,894,000
Supplemental disclosures of cash flows information    
Interest 8,290,000 6,518,000
Federal income tax 0 0
Transfers from loans to foreclosed assets 11,000 25,000
Transfers from bank premises to other real estate owned $ 0 $ 0