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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 16,110 $ 20,082
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 7,331 2,805
Depreciation and amortization of premises and equipment 2,209 1,565
Amortization of premiums on investments, net 1,304 116
Amortization of FDIC indemnification asset, net 969 1,068
Amortization of intangible assets 721 495
Accretion on acquired loans (3,456) (2,154)
Equity-based compensation expense 1,105 1,006
Issuance of common stock to 401(k) plan 288 227
Gain on sale of premises and equipment, net (1) (183)
Loss on sale of other real estate owned 330 557
(Gain) Loss on sale of securities (385) 43
(Increase) decrease in accrued interest receivable (1,703) 164
Increase in other operating activities (6,608) (342)
Net cash provided by operating activities 18,214 25,449
Investing activities    
Proceeds from sale of securities available for sale 51,027 13,897
Proceeds from maturities, prepayments, and calls of securities available for sale 20,018 23,824
Proceeds from maturities and calls of securities held to maturity 0 25,000
Payments to acquire securities available for sale 0 (2,234)
(Originations of) proceeds from repayment of loans, net (20,992) 51,555
(Purchase of) proceeds from FHLB stock, net (12) 129
Payments to the FDIC (29) (20)
Proceeds from sale of premises and equipment 65 948
Payments to acquire premises and equipment (2,125) (4,952)
Proceeds from sale of other real estate owned 1,814 1,542
Net cash provided by investing activities 49,766 109,689
Financing activities    
Increase in noninterest-bearing deposits, net 125,031 21,023
Increase (decrease) in interest-bearing deposits, net 42,903 (28,735)
Repayments of securities sold under agreements to repurchase, net (501) (26,287)
Repayments of FHLB and other borrowings, net (40) 0
Proceeds from stock options exercised 0 82
Payments for repurchase of common stock (21,872) (14,359)
Payments of common dividends (9,018) (7,257)
Net cash provided by (used in) financing activities 136,503 (55,533)
Net increase in cash and cash equivalents 204,483 79,605
Cash and cash equivalents at beginning of period 217,009 76,873
Cash and cash equivalents at end of period 421,492 156,478
Supplemental disclosure -- cash flow information    
Cash paid for interest 2,960 2,899
Cash paid for income taxes 4,547 5,337
Transfer of loans to other real estate owned 621 2,694
Loans originated to finance other real estate owned 265 471
Decrease in accumulated other comprehensive loss $ 398 $ 1,048