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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 8,368 $ 10,207
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium amortization / (discount accretion) 68 (738)
Depreciation and amortization expense 1,210 1,353
Provision for loan losses 300 (1,000)
Share-based compensation 338 467
Gains on sales of loans originated for sale (319) (1,320)
Mortgage loans originated for sale (32,903) (55,720)
Proceeds from sales of loans originated for sale 32,749 56,959
Gains on sale of portfolio loans (271) 0
Net loss on disposal of premises and equipment 12 0
Deferred income taxes 1,638 (1,600)
Investment securities (losses) gains 146 (145)
Income from life insurance (566) (557)
Increase in accrued interest receivable (408) (143)
Increase in accrued interest payable and other liabilities 531 12,095
Other, net (4,251) (3,225)
Net cash provided by operating activities 6,642 16,633
Cash flows from investing activities    
Proceeds from sales of AFS securities 3,075 75,736
Maturities, repayments and calls of AFS securities 9,536 11,406
Purchases of AFS securities (94,903) (29,233)
Net redemptions of restricted investments in bank stocks 461 256
Distributions from investments in limited partnerships 1,146 0
Net decrease (increase) in loans 52 (64,634)
Proceeds from sales of portfolio loans 3,913 0
Purchases of bank premises and equipment (235) (156)
Net cash used in investing activities (76,955) (6,625)
Cash flows from financing activities    
Net increase in deposits 81,060 190,198
Net increase in borrowings with original maturities less than 90 days 1,323 3,328
Payments on FHLB advances and other borrowings (108) (103)
Dividends paid (2,125) (2,004)
Acquisition of treasury stock (4,166) 0
Shares repurchased as treasury stock for employee taxes associated with restricted stock vesting (232) (514)
Proceeds from issuance of employee stock purchase plan shares 89 74
Net cash provided by financing activities 75,841 190,979
Net increase in cash and cash equivalents 5,528 200,987
Cash and cash equivalents at beginning of period 208,710 125,258
Cash and cash equivalents at end of period 214,238 326,245
Cash paid during the period for:    
Interest 710 1,629
Supplemental schedule of noncash activities:    
Loans transferred from LHFS to portfolio loans 1,510 0
Securities purchases not yet settled $ 0 $ 11,699