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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 20,082 $ 17,934
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 2,805 990
Depreciation and amortization of premises and equipment 1,565 1,521
Amortization of premiums on investments, net 116 131
Amortization of FDIC indemnification asset, net 1,068 957
Amortization of intangible assets 495 524
Accretion on acquired loans (2,154) (3,204)
Equity-based compensation expense 1,006 745
Issuance of common stock to 401(k) plan 227 229
(Gain) loss on sale of premises and equipment, net (183) 6
Loss on sale of other real estate owned 557 771
Loss on sale of securities 43
Decrease in accrued interest receivable 164 198
(Increase) decrease in other operating activities (342) 340
Net cash provided by operating activities 25,449 21,142
Investing activities    
Proceeds from sale of securities available for sale 13,897 55
Proceeds from maturities, prepayments, and calls of securities available for sale 23,824 33,948
Proceeds from maturities and calls of securities held to maturity 25,000
Payments to acquire securities available for sale (2,234) (67,355)
Proceeds from repayment of loans, net 51,555 16,783
Proceeds from bank owned life insurance 458
Proceeds from FHLB stock, net 129 3
(Payments to) proceeds from the FDIC (20) 208
Proceeds from sale of premises and equipment 948 489
Payments to acquire premises and equipment (4,952) (384)
Proceeds from sale of other real estate owned 1,542 785
Net cash provided by (used in) investing activities 109,689 (15,010)
Financing activities    
Increase in noninterest-bearing deposits, net 21,023 8,708
Decrease in interest-bearing deposits, net (28,735) (33,861)
Repayments of securities sold under agreements to repurchase, net (26,287) (2,217)
Proceeds from stock options exercised 82 157
Payments for repurchase of common stock (14,359) (14,715)
Payments of common dividends (7,257) (14,198)
Net cash used in financing activities (55,533) (56,126)
Net increase (decrease) in cash and cash equivalents 79,605 (49,994)
Cash and cash equivalents at beginning of period 76,873 [1] 157,951
Cash and cash equivalents at end of period 156,478 107,957
Supplemental disclosure -- cash flow information    
Cash paid for interest 2,899 4,001
Cash paid for income taxes 5,337 4,000
Transfer of loans to other real estate owned 2,694 3,928
Loans originated to finance other real estate owned 471
Decrease (increase) in accumulated other comprehensive loss $ 1,048 $ (1,745)
[1] Derived from audited financial statements