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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 14,239,000 $ 10,673,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 3,457,000 982,000
Accretion of acquired loans (34,000) (113,000)
Provision for loan losses 300,000 750,000
Stock-based compensation expense 643,000 625,000
Proceeds from sales of mortgage loans held for sale 189,018,000 68,627,000
Origination of mortgage loans held for sale (197,245,000) (86,206,000)
Net gain from sales of mortgage loans held for sale (9,182,000) (2,096,000)
Net gain from sales and valuation write-downs of foreclosed assets (81,000) (49,000)
Net (gain) loss from sales and valuation write-downs of former bank premises 250,000 (27,000)
Net loss from sales and write-downs of fixed assets 312,000 54,000
Earnings on bank owned life insurance (277,000) (336,000)
Net change in:    
Accrued interest receivable (971,000) 220,000
Other assets (1,367,000) 271,000
Accrued interest and other liabilities (483,000) (3,153,000)
Net cash for operating activities (1,421,000) (9,778,000)
Cash flows from investing activities    
Loan originations and payments, net (180,147,000) (24,910,000)
Purchases of securities available for sale (87,307,000) (99,002,000)
Proceeds from maturities, calls and repayments of securities available for sale 30,974,000 124,510,000
Proceeds from sales of foreclosed assets 158,000 106,000
Proceeds from sales of former bank premises 0 162,000
Net purchases of premises and equipment (1,603,000) (3,159,000)
Net cash for investing activities (237,925,000) (2,293,000)
Cash flows from financing activities    
Net decrease in time deposits (51,961,000) (61,810,000)
Net increase in all other deposits 302,650,000 16,842,000
Net increase in securities sold under agreements to repurchase 22,945,000 30,595,000
Proceeds from Federal Home Loan Bank advances 0 40,000,000
Employee stock purchase plan 11,000 14,000
Dividend reinvestment plan 213,000 192,000
Repurchases of common stock (3,538,000) (6,282,000)
Payment of cash dividends to common shareholders (4,636,000) (4,492,000)
Net cash from financing activities 265,684,000 15,059,000
Net change in cash and cash equivalents 26,338,000 2,988,000
Cash and cash equivalents at beginning of period 626,006,000 233,731,000
Cash and cash equivalents at end of period 652,344,000 236,719,000
Supplemental disclosures of cash flows information    
Interest 5,509,000 8,290,000
Federal income tax 0 0
Noncash financing and investing activities:    
Transfers from loans to foreclosed assets 0 11,000
Transfers from loans to assets held for sale 9,709,000 0
Transfers from bank premises to assets held for sale 3,450,000 0
Transfers from deposits to liabilities held for sale $ 17,280,000 $ 0