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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 $ 15,979 $ 4,574
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (2,197) (852)
Loss on sales of foreclosed assets held for resale, including writedowns 0 13
Gain on sale of premises and equipment (41) 0
Earnings on investment in bank-owned life insurance (710) (725)
(Gain) Loss on equity securities (377) 401
Restricted stock compensation expense 362 428
Depreciation and amortization 1,728 1,926
Provision for loan losses 50 6,550
Net amortization of investment securities premiums 884 356
Decrease (Increase) in accrued interest receivable 1,040 (2,083)
Decrease in accrued interest payable (727) (239)
Mortgage loans originated for sale (75,974) (45,592)
Proceeds from sales of loans originated for sale 86,538 47,052
(Increase) Decrease in other assets (2,658) 2,339
Increase in deferred tax expense (56) (1,711)
Increase in other liabilities 1,327 4,094
Net Cash Provided by Operating Activities 25,168 16,531
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 2,155 4,305
Proceeds from maturities of investment securities available for sale 51,270 16,178
Purchase of investment securities available for sale (105,289) (56,292)
Redemption of restricted investment in bank stocks 53 1,203
Net decrease (increase) in loans 79,939 (133,800)
Purchase of bank-owned life insurance 0 (400)
Bank acquisition, net of cash acquired 0 35,262
Insurance book- acquisition 0 (542)
Capital expenditures (253) (586)
Proceeds from sales of premises and equipment 212 0
Proceeds from sales of foreclosed real estate 0 144
Net Cash Provided by (Used in) Investing Activities 28,087 (134,528)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 63,571 146,050
Net increase in time certificates of deposits and interest bearing deposits 88,939 100,433
Net (decrease) increase in short-term borrowings (8,706) 528
Proceeds from long-term borrowings 15,000 0
Repayments on long-term borrowings (14,045) (7,298)
Dividends paid (4,530) (4,335)
Common stock issued 30 494
Net Cash Provided by Financing Activities 140,259 235,872
Net Increase in Cash and Cash Equivalents 193,514 117,875
CASH AND CASH EQUIVALENTS — BEGINNING 399,352 114,356
CASH AND CASH EQUIVALENTS — ENDING 592,866 232,231
Supplemental disclosures of cash flow information    
Interest paid 4,836 6,933
Income taxes paid 5,000 0
Loans transferred to foreclosed assets held for resale and other foreclosed transactions 0 118
Increase in assets and liabilities:    
Securities 0 (22,167)
Loans 0 (333,362)
Premises and equipment 0 (10,959)
Investment in bank-owned life insurance 0 (10,896)
Restricted investments in bank stocks 0 (1,141)
Foreclosed assets held for resale 0 (464)
Goodwill 0 (22,528)
Core deposit intangible assets 0 (3,560)
Other assets 0 (3,086)
Noninterest bearing deposits 0 103,492
Interest bearing deposits 0 270,566
Trust preferred debentures 0 6,000
Long term borrowings 0 3,450
Other liabilities 0 2,637
Common shares issued $ 0 $ 57,280