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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 18,983 $ 11,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Net discount accretion (812) (2,020)
Depreciation and amortization expense 2,692 2,707
Impairment of intangibles 0 153
Provision for loan losses (375) 2,825
Share-based compensation 945 1,176
Gain on sales of loans originated for sale (2,791) (1,903)
Mortgage loans originated for sale (104,190) (76,417)
Proceeds from sales of loans originated for sale 109,877 73,323
Gain on sale of portfolio loans 0 (2,803)
Deferred income taxes (2,371) 63
Investment securities (gains) losses (156) 31
Income from life insurance (1,121) (1,072)
(Increase) decrease in accrued interest receivable 997 (2,142)
Increase in accrued interest payable and other liabilities 1,449 85
Other, net (3,292) 1,425
Net cash provided by operating activities 19,835 6,858
Cash flows from investing activities    
Proceeds from sales of AFS securities 75,719 0
Maturities, repayments and calls of AFS securities 21,227 29,317
Purchases of AFS securities (76,858) (26,691)
Net redemptions (purchases) of restricted investments in bank stocks 872 (72)
Net decrease in loans 35,337 43,961
Proceeds from sales of portfolio loans 0 22,665
Purchases of bank premises and equipment (556) (464)
Proceeds from disposal of OREO 0 198
Net cash used in investing activities 55,741 68,914
Cash flows from financing activities    
Net increase (decrease) in deposits 137,200 (82,449)
Net increase (decrease) in borrowings with original maturities less than 90 days 3,406 (111,152)
Proceeds from FHLB advances and other borrowings 0 160,284
Payments on FHLB advances and other borrowings (208) (40,548)
Dividends paid (4,030) (3,811)
Acquisition of treasury stock 0 (1,170)
Shares repurchased as treasury stock for employee taxes associated with restricted stock vesting (514) (660)
Proceeds from issuance of employee stock purchase plan shares 74 61
Net cash provided by financing activities 135,928 (79,445)
Net increase (decrease) in cash and cash equivalents 211,504 (3,673)
Cash and cash equivalents at beginning of period 125,258 55,963
Cash and cash equivalents at end of period 336,762 52,290
Cash paid during the period for:    
Interest 3,900 10,367
Income taxes $ 2,100 $ 0