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Consolidated Statements of Cash Flows
$ in Thousands
 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities:    
Net income $ 18,009 $ 12,857
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 1,352 1,458
Amortization of right-of-use lease asset 204 209
Accretion of deferred loan fees, net (2,614) (665)
Amortization of intangibles 250 308
Amortization of low income housing partnerships 240 262
Provision (credit) for loan losses (400) 5,300
Net unrealized (gain) loss on equity investment securities (4) 84
Net gain on sale of other real estate owned (75) (4)
Loans originated for sale (11,398) (16,215)
Proceeds from sale of loans originated for sale 10,863 15,148
Net gain on sale of loans originated for sale (173) (156)
Net amortization of investment securities 551 553
Net gain on sale of investment securities available-for-sale   (267)
Increase in cash surrender value of life insurance (444) (380)
Deferred income tax expense 620 619
Stock based compensation 266 191
Net change in:    
Accrued interest receivable 411 (1,387)
Other assets (1,137) (11,444)
Accrued interest payable (267) (405)
Other liabilities (3,253) 13,586
Net cash provided by operating activities 13,001 19,652
Cash flows from investing activities:    
Proceeds from sales of investment securities available-for-sale   26,502
Proceeds from repayments of investment securities:    
Available-for-sale 19,496 34,520
Held-to-maturity 119 253
Purchases of investment securities:    
Available-for-sale (65,862) (9,080)
Net redemption of restricted equity securities 2,272 4,849
Net increase in lending activities (56,492) (244,675)
Purchases of premises and equipment (816) (1,214)
Proceeds from sale of other real estate owned 680 157
Net cash used in investing activities (100,603) (188,688)
Cash flows from financing activities:    
Net increase in deposits 174,653 238,635
Repayment of long-term debt (11,017) (11,970)
Net decrease in short-term borrowings (50,000) (102,150)
Retirement of common stock (845) (2,568)
Cash dividends paid (5,330) (5,305)
Net cash provided by financing activities 107,461 189,817
Net increase in cash and cash equivalents 19,859 20,781
Cash and cash equivalents at beginning of period 228,192 31,153
Cash and cash equivalents at end of period 248,051 51,934
Cash paid during the period for:    
Interest 5,449 8,031
Income taxes 2,500  
Noncash items:    
Transfers of loans to other real estate $ 57 730
Initial recognition of right-of-use assets   899
Initial recognition of lease liability   899
Paycheck Protection Program Liquidity Facility    
Cash flows from financing activities:    
Proceeds from long-term debt   103,650
Repayment of long-term debt   (63,475)
Subordinated Debentures    
Cash flows from financing activities:    
Proceeds from long-term debt   $ 33,000