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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 19,370,000 $ 23,539,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 3,385,000 4,723,000
Accretion of acquired loans (225,000) (314,000)
Provision for loan losses 8,350,000 1,750,000
Stock-based compensation expense 1,366,000 1,488,000
Stock grants to directors for retainer fee 349,000 374,000
Proceeds from sales of mortgage loans held for sale 291,485,000 67,859,000
Origination of mortgage loans held for sale (317,417,000) (69,107,000)
Net gain from sales of mortgage loans held for sale (9,856,000) (2,129,000)
Net gain from sales and valuation write-downs of foreclosed assets (183,000) (31,000)
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 1,000
Earnings on bank owned life insurance (643,000) (3,238,000)
Net change in:    
Accrued interest receivable 654,000 (534,000)
Other assets (4,766,000) (1,278,000)
Accrued interest payable and other liabilities (4,285,000) (8,628,000)
Net cash (for) from operating activities (12,389,000) 13,917,000
Cash flows from investing activities    
Loan originations and payments, net (440,380,000) (124,964,000)
Purchases of securities available for sale (188,630,000) (24,182,000)
Proceeds from maturities, calls and repayments of securities available for sale 220,916,000 27,258,000
Proceeds from sales of foreclosed assets 313,000 270,000
Proceeds from sales of former bank premises 162,000 854,000
Purchases of Federal Home Loan Bank stock 0 (1,980,000)
Purchases of bank owned life insurance 0 (2,500,000)
Proceeds from bank owned life insurance cash value release and death benefits 0 7,708,000
Net purchases of premises and equipment (4,429,000) (5,359,000)
Net cash for investing activities (412,048,000) (122,895,000)
Cash flows from financing activities    
Net increase (decrease) in time deposits (64,081,000) 175,869,000
Net increase (decrease) in all other deposits 635,977,000 (20,368,000)
Net increase in securities sold under agreements to repurchase 64,852,000 16,150,000
Maturities of Federal Home Loan Bank advances (20,000,000) (20,000,000)
Proceeds from Federal Home Loan Bank advances 60,000,000 44,000,000
Proceeds from stock option exercises 0 16,000
Employee stock purchase plan 25,000 26,000
Dividend reinvestment plan 404,000 361,000
Repurchases of common stock shares (6,282,000) (3,601,000)
Payment of cash dividends to common shareholders (8,962,000) (8,404,000)
Net cash from financing activities 661,933,000 184,049,000
Net change in cash and cash equivalents 237,496,000 75,071,000
Cash and cash equivalents at beginning of period 233,731,000 75,354,000
Cash and cash equivalents at end of period 471,227,000 150,425,000
Supplemental disclosures of cash flows information    
Interest 15,149,000 14,956,000
Federal income tax 5,300,000 6,275,000
Transfers from loans to foreclosed assets 11,000 170,000
Transfers from bank premises to other real estate owned $ 0 $ 0