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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 11,427,000 $ 5,789,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (discount accretion) premium amortization (2,020,000) 2,203,000
Depreciation and amortization expense 2,707,000 2,366,000
Impairment of intangibles 153,000 0
Provision for loan losses 2,825,000 600,000
Share-based compensation 1,176,000 679,000
Gain on sales of loans originated for sale (1,903,000) (909,000)
Mortgage loans originated for sale (76,417,000) (43,471,000)
Proceeds from sales of loans originated for sale 73,323,000 40,392,000
Gain on sale of portfolio loans (2,803,000) 0
Net gain on disposal of OREO (21,000) (8,000)
Net loss on disposal of premises and equipment 1,000 607,000
Deferred income taxes 63,000 263,000
Investment securities losses (gains) 31,000 (2,403,000)
Income from life insurance (1,072,000) (1,026,000)
(Increase) decrease in accrued interest receivable (2,142,000) 730,000
Increase (decrease) in accrued interest payable and other liabilities 85,000 (1,147,000)
Other, net 1,445,000 1,100,000
Net cash provided by operating activities 6,858,000 5,765,000
Cash flows from investing activities    
Proceeds from sales of AFS securities 0 173,836,000
Maturities, repayments and calls of AFS securities 29,317,000 15,297,000
Purchases of AFS securities (26,691,000) (150,386,000)
Net cash and cash equivalents received from acquisitions 0 29,442,000
Net (purchases) redemptions of restricted investments in bank stocks (72,000) 3,395,000
Net decrease (increase) in loans 43,961,000 (8,395,000)
Proceeds from sales of portfolio loans 22,665,000 0
Purchases of bank premises and equipment (464,000) (1,489,000)
Proceeds from disposal of OREO 198,000 374,000
Death benefit proceeds from life insurance contracts 0 571,000
Net cash provided by investing activities 68,914,000 62,645,000
Cash flows from financing activities    
Net (decrease) increase in deposits (82,449,000) 68,525,000
Net decrease in borrowings with original maturities less than 90 days (111,152,000) (29,696,000)
Proceeds from FHLB advances and other borrowings 160,284,000 20,000,000
Payments on FHLB advances and other borrowings (40,548,000) (96,582,000)
Subordinated note issuance costs 0 (57,000)
Dividends paid (3,811,000) (2,799,000)
Acquisition of treasury stock (1,170,000) 0
Treasury shares repurchased for employee taxes associated with restricted stock vesting (660,000) (294,000)
Proceeds from issuance of employee stock purchase plan shares 61,000 58,000
Net cash used in financing activities (79,445,000) (40,845,000)
Net (decrease) increase in cash and cash equivalents (3,673,000) 27,565,000
Cash and cash equivalents at beginning of period 55,963,000 88,815,000
Cash and cash equivalents at end of period 52,290,000 116,380,000
Cash paid during the period for:    
Interest 10,367,000 10,326,000
Supplemental schedule of noncash investing activities:    
OREO acquired in settlement of loans 0 161,000
Lease liabilities arising from obtaining ROU assets 0 8,115,000
SBA PPP loans originated $ 458,606,000 $ 0