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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 32,331,000 $ 19,370,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 6,755,000 3,385,000
Accretion of acquired loans (68,000) (225,000)
Provision for loan losses (2,800,000) 8,350,000
Stock-based compensation expense 1,277,000 1,366,000
Stock grants to directors for retainer fee 344,000 349,000
Proceeds from sales of mortgage loans held for sale 352,740,000 291,485,000
Origination of mortgage loans held for sale (340,680,000) (317,417,000)
Net gain from sales of mortgage loans held for sale (16,892,000) (9,856,000)
Net gain from sales and valuation write-downs of foreclosed assets (81,000) (183,000)
Net (gain) loss from sales and valuation write-downs of former bank premises 245,000 (27,000)
Net loss from sales and write-downs of fixed assets 246,000 54,000
Earnings on bank owned life insurance (574,000) (643,000)
Gain on sale of branch (1,058,000) 0
Net change in:    
Accrued interest receivable 1,188,000 654,000
Other assets (9,099,000) (4,766,000)
Accrued interest payable and other liabilities (1,695,000) (4,285,000)
Net cash (for) from operating activities 22,179,000 (12,389,000)
Cash flows from investing activities    
Loan originations and payments, net (64,298,000) (440,380,000)
Purchases of securities available for sale (168,906,000) (188,630,000)
Proceeds from maturities, calls and repayments of securities available for sale 44,525,000 220,916,000
Proceeds from sales of foreclosed assets 158,000 313,000
Proceeds from sales of former bank premises 5,000 162,000
Net cash transferred in branch sale (2,679,000) 0
Net purchases of premises and equipment and lease activity (3,555,000) (4,429,000)
Net cash for investing activities (194,750,000) (412,048,000)
Cash flows from financing activities    
Net decrease in time deposits (92,581,000) (64,081,000)
Net increase in all other deposits 366,943,000 635,977,000
Net increase in securities sold under agreements to repurchase 51,372,000 64,852,000
Maturities of Federal Home Loan Bank advances 0 (20,000,000)
Proceeds from Federal Home Loan Bank advances 0 60,000,000
Employee stock purchase plan 22,000 25,000
Dividend reinvestment plan 411,000 404,000
Repurchases of common stock shares (10,851,000) (6,282,000)
Payment of cash dividends to common shareholders (9,220,000) (8,962,000)
Net cash from financing activities 306,096,000 661,933,000
Net change in cash and cash equivalents 133,525,000 237,496,000
Cash and cash equivalents at beginning of period 626,006,000 233,731,000
Cash and cash equivalents at end of period 759,531,000 471,227,000
Supplemental disclosures of cash flows information    
Interest 10,583,000 15,149,000
Federal income tax 12,150,000 5,300,000
Noncash financing and investing activities:    
Transfers from loans to foreclosed assets $ 30,000 $ 11,000