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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 11,492,000 $ 14,239,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 3,458,000 3,457,000
Accretion of acquired loans 0 (34,000)
Provision for credit losses 100,000 300,000
Stock-based compensation expense 811,000 643,000
Proceeds from sales of mortgage loans held for sale 79,622,000 189,018,000
Origination of mortgage loans held for sale (75,046,000) (197,245,000)
Net gain from sales of mortgage loans held for sale (3,205,000) (9,182,000)
Net gain from sales and valuation write-downs of foreclosed assets (13,000) (81,000)
Net loss from sales and valuation write-downs of former bank premises 0 250,000
Net (gain) loss from sales and write-downs of fixed assets (1,000) 312,000
Earnings on bank owned life insurance (287,000) (277,000)
Net change in:    
Accrued interest receivable (1,344,000) (971,000)
Other assets (2,855,000) (1,367,000)
Accrued interest and other liabilities 15,156,000 (483,000)
Net cash from (for) operating activities 27,888,000 (1,421,000)
Cash flows from investing activities    
Loan originations and payments, net (102,241,000) (180,147,000)
Purchases of securities available for sale (51,705,000) (87,307,000)
Proceeds from maturities, calls and repayments of securities available for sale 2,854,000 30,974,000
Proceeds from sales of foreclosed assets 13,000 158,000
Proceeds from Federal Home Loan Bank stock redemption 281,000 0
Net purchases of premises and equipment and lease activity (332,000) (1,603,000)
Net cash for investing activities (151,130,000) (237,925,000)
Cash flows from financing activities    
Net decrease in time deposits (35,861,000) (51,961,000)
Net (decrease) increase in all other deposits (71,081,000) 302,650,000
Net increase in securities sold under agreements to repurchase 6,808,000 22,945,000
Proceeds from Federal Home Loan Bank advances 28,263,000 0
Payoffs of Federal Home Loan Bank advances (20,000,000) 0
Employee stock purchase plan 10,000 11,000
Net proceeds from stock option exercises 36,000 0
Dividend reinvestment plan 222,000 213,000
Proceeds from subordinated notes issuance 14,701,000 0
Repurchases of common stock 0 (3,538,000)
Payment of cash dividends to common shareholders (4,812,000) (4,636,000)
Net cash from (for) financing activities (81,714,000) 265,684,000
Net change in cash and cash equivalents (204,956,000) 26,338,000
Cash and cash equivalents at beginning of period 975,160,000 626,006,000
Cash and cash equivalents at end of period 770,204,000 652,344,000
Supplemental disclosures of cash flows information    
Interest 4,240,000 5,509,000
Noncash financing and investing activities:    
Transfers from loans to assets held for sale 0 9,709,000
Transfers from bank premises to assets held for sale 0 3,450,000
Transfers from deposits to liabilities held for sale $ 0 $ 17,280,000