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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,868 $ 14,868
Proceeds from sales of loans held for sale 85,380 33,914
Originations of loans held for sale (94,811) (38,745)
Items not requiring (providing) cash:    
Depreciation 2,411 2,484
Amortization 510 412
Compensation expense for stock option grants 298 292
Provision for credit losses on loans 300 3,871
Provision (credit) for unfunded commitments (674)  
Net gains on loan sales (2,688) (590)
Net (gains) losses on sale of premises and equipment 6 (28)
Net losses on sale/write-down of other real estate owned and repossessions 36 67
Accretion of deferred income, premiums, discounts and other (2,354) (1,953)
Loss (gain) on derivative interest rate products (474) 407
Deferred income taxes 970 (11,049)
Changes in:    
Interest receivable (234) (282)
Prepaid expenses and other assets 13,662 1,125
Accrued expenses and other liabilities 312 564
Income taxes refundable/payable 3,014 12,332
Net cash provided by operating activities 24,532 17,689
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans 14,623 (45,415)
Purchase of loans (12,078) (587)
Purchase of premises and equipment (1,164) (2,569)
Proceeds from sale of premises and equipment 10 100
Proceeds from sale of other real estate and repossessions 439 1,328
Capitalized costs on other real estate owned   (126)
Proceeds from termination of interest rate derivative   45,864
Proceeds from maturities and calls of available-for-sale securities 5,250 7,850
Principal reductions on mortgage-backed securities 14,786 5,908
Purchase of available-for-sale securities (80,904) (20,263)
Redemption of Federal Home Loan Bank stock and change in other interest-earning assets 3,151 3,577
Net cash used in investing activities (55,887) (4,333)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in certificates of deposit (139,165) 156,626
Net increase in checking and savings deposits 249,198 62,193
Net decrease in short-term borrowings (22,390) (186,528)
Advances from borrowers for taxes and insurance 373 1,711
Dividends paid (4,676) (19,114)
Purchase of the Company's common stock (3,780) (8,148)
Stock options exercised 622 243
Net cash provided by financing activities 80,182 6,983
INCREASES IN CASH AND CASH EQUIVALENTS 48,827 20,339
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 563,729 220,155
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 612,556 $ 240,494