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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 47,382,000 $ 30,056,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 10,200,000 6,262,000
Accretion of acquired loans (102,000) (337,000)
Provision for loan losses (900,000) 11,550,000
Stock-based compensation expense 1,725,000 2,102,000
Stock grants to directors for retainer fee 344,000 394,000
Proceeds from sales of mortgage loans held for sale 509,763,000 505,602,000
Origination of mortgage loans held for sale (510,571,000) (506,683,000)
Net gain from sales of mortgage loans held for sale (23,551,000) (20,055,000)
Net gain from sales and valuation write-downs of foreclosed assets (74,000) (183,000)
Net (gain) loss from sales and valuation write-downs of former bank premises 243,000 (27,000)
Net loss from sales and write-downs of fixed assets 246,000 54,000
Earnings on bank owned life insurance (872,000) (933,000)
Gain on sale of branch (1,058,000) 0
Net change in:    
Accrued interest receivable 853,000 (1,080,000)
Other assets (15,369,000) (6,269,000)
Accrued interest payable and other liabilities 910,000 (4,147,000)
Net cash from operating activities 19,169,000 16,306,000
Cash flows from investing activities    
Loan originations and payments, net (129,522,000) (472,417,000)
Purchases of securities available for sale (257,967,000) (270,119,000)
Proceeds from maturities, calls and repayments of securities available for sale 77,531,000 296,895,000
Proceeds from sales of foreclosed assets 181,000 313,000
Proceeds from sales of former bank premises 270,000 162,000
Net cash transferred in branch sale (2,679,000) 0
Net purchases of premises and equipment and lease activity (4,250,000) (7,201,000)
Net cash for investing activities (316,436,000) (452,367,000)
Cash flows from financing activities    
Net decrease in time deposits (113,842,000) (65,389,000)
Net increase in all other deposits 585,924,000 747,039,000
Net increase in securities sold under agreements to repurchase 57,485,000 54,342,000
Maturities of Federal Home Loan Bank advances 0 (20,000,000)
Proceeds from Federal Home Loan Bank advances 0 60,000,000
Proceeds from stock option exercises 50,000 0
Employee stock purchase plan 35,000 37,000
Dividend reinvestment plan 648,000 610,000
Repurchases of common stock shares (19,798,000) (6,282,000)
Payment of cash dividends to common shareholders (13,880,000) (13,436,000)
Net cash from financing activities 496,622,000 756,921,000
Net change in cash and cash equivalents 199,355,000 320,860,000
Cash and cash equivalents at beginning of period 626,006,000 233,731,000
Cash and cash equivalents at end of period 825,361,000 554,591,000
Supplemental disclosures of cash flows information    
Interest 15,826,000 21,798,000
Federal income tax 14,450,000 7,950,000
Noncash financing and investing activities:    
Transfers from loans to foreclosed assets 30,000 146,000
Transfers from bank premises to other real estate owned $ 0 $ 179,000