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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,339 $ 11,345
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sales of loans originated for sale (2,497) (1,279)
Gain on sales of foreclosed assets held for resale, including writedowns (88) (80)
Gain on sale of premises and equipment (41) 0
Earnings on investment in bank-owned life insurance (1,066) (1,090)
(Gain) Loss on equity securities (377) 483
Restricted stock compensation expense 362 428
Depreciation and amortization 2,582 2,745
Provision for loan losses 50 8,100
Net amortization of investment securities premiums 1,458 597
Decrease (Increase) in accrued interest receivable 1,204 (1,991)
Decrease in accrued interest payable (1,017) (896)
Mortgage loans originated for sale (89,285) (92,681)
Proceeds from sales of loans originated for sale 98,881 90,373
(Increase) Decrease in other assets (1,416) 2,763
Decrease (Increase) in deferred tax expense 221 (1,635)
Increase in other liabilities 1,505 936
Net Cash Provided by Operating Activities 33,815 18,118
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of investment securities held to maturity 3,074 5,628
Proceeds from maturities of investment securities available for sale 81,260 39,056
Purchase of investment securities available for sale (163,874) (135,939)
Redemption of restricted investment in bank stocks 574 1,763
Net decrease (increase) in loans 149,662 (101,840)
Purchase of bank-owned life insurance 0 (400)
Bank acquisition, net of cash acquired 0 35,262
Insurance book- acquisition 0 (542)
Capital expenditures (530) (622)
Proceeds from sales of premises and equipment 213 392
Proceeds from sales of foreclosed real estate 189 363
Net Cash Provided by (Used in) Investing Activities 70,568 (156,879)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits 54,099 126,463
Net increase in time certificates of deposits and interest bearing deposits 177,937 202,795
Net (decrease) increase in short-term borrowings 6,141 19,286
Proceeds from long-term borrowings 15,000 0
Repayments on long-term borrowings (27,045) (18,633)
Dividends paid (6,710) (6,509)
Common stock repurchased (420) 0
Common stock issued 45 656
Net Cash Provided by Financing Activities 219,047 324,058
Net Increase in Cash and Cash Equivalents 323,430 185,297
CASH AND CASH EQUIVALENTS — BEGINNING 399,352 114,356
CASH AND CASH EQUIVALENTS — ENDING 722,782 299,653
Supplemental disclosures of cash flow information    
Interest paid 6,608 10,548
Income taxes paid 6,200 4,150
Loans transferred to foreclosed assets held for resale and other foreclosed transactions 101 135
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