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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 12,472 $ 6,938
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes, net (1,245) 221
Impairment of tax credit investments 4,102 442
Provision for loan and lease losses (736) 5,054
Depreciation, amortization and accretion, net 1,437 727
Share-based compensation 728 506
Gain on sale of available-for-sale securities (1) 0
Increase in value of bank-owned life insurance policies (589) (589)
Origination of loans for sale (29,116) (43,519)
Sale of loans originated for sale 30,156 41,280
Gain on sale of loans originated for sale (539) (543)
Net gain on foreclosed properties, including impairment valuation 21 0
Excess tax benefit from share-based compensation (11) (10)
Payments on operating leases (759) 0
Net increase in accrued interest receivable and other assets (17,612) (704)
Net increase in accrued interest payable and other liabilities 13,029 1,177
Net cash provided by operating activities 11,297 10,980
Investing activities    
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities 12,480 14,738
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities 3,176 1,672
Proceeds from sale of available-for-sale securities 2,026 0
Purchases of available-for-sale securities (31,934) (26,269)
Purchases of held-to-maturity securities 0 (4,867)
Net increase in loans and leases (102,162) (96,620)
Investments in limited partnerships 1,250 0
Returns of investments in limited partnerships 280 316
Investment in historic development entities (2,137) (905)
Investment in Federal Home Loan Bank stock (2,020) (7,388)
Proceeds from the sale of Federal Home Loan Bank stock 2,540 3,763
Purchases of leasehold improvements and equipment, net (11) (611)
Net cash used in investing activities (119,012) (116,171)
Financing activities    
Net increase (decrease) in deposits 74,346 (56,606)
Repayment of Federal Home Loan Bank advances (266,000) (490,500)
Proceeds from Federal Home Loan Bank advances 265,000 648,000
Net increase in long-term borrowed funds 35 25
Cash dividends paid (2,628) (2,453)
Purchase of treasury stock (3,709) (11)
Net cash provided by financing activities 67,044 98,455
Net decrease in cash and cash equivalents (40,671) (6,736)
Cash and cash equivalents at the beginning of the period 86,546 52,539
Cash and cash equivalents at the end of the period 45,875 45,803
Cash paid during the period for:    
Interest paid on deposits and borrowings 15,744 9,212
Income taxes paid 1,308 646
Non-cash investing and financing activities:    
Transfer from loans to foreclosed properties $ 93 $ 415