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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 $ 15,042 $ 8,924
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (increase) decrease in deferred loan fees 1,222 (5,975)
Depreciation 467 462
Accretion (693) (666)
Amortization 3,578 2,128
Stock-based compensation 210 248
(Reversal of) provision for credit losses (3,300) 4,375
Net realized losses (gains) on sales and calls of available-for-sale investment securities 79 (4,140)
Net gain on disposal of premises and equipment (8) (6)
Net change in equity securities 112 (183)
Increase in bank-owned life insurance, net of expenses (349) (198)
Gain (Loss) on Bank Owned Life Insurance 0 462
Net increase in accrued interest receivable and other assets (3,767) (1,418)
Net increase in accrued interest payable and other liabilities 14,199 417
Benefit (provision) for deferred income taxes 983 (1,735)
Net cash provided by operating activities 27,775 1,771
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (271,930) (202,390)
Proceeds from sales or calls of available-for-sale investment securities 590 122,151
Proceeds from maturity and principal repayments of available-for-sale investment securities 23,660 16,103
Net decrease (increase) in loans 32,004 (176,105)
Purchases of premises and equipment (704) (101)
Purchases of bank-owned life insurance 10,000 250
FHLB stock redeemed 0 (467)
Proceeds from bank-owned life insurance 0 1,550
Proceeds from sale of premises and equipment 9 6
Net cash used in investing activities (226,371) (238,569)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand, interest bearing and savings deposits 256,426 319,263
Net decrease in time deposits (42) (2,993)
Purchase and retirement of common stock 4,842 11,052
Proceeds from stock issued under employee stock purchase plan 110 115
Proceeds from exercise of stock options 213 228
Cash dividend payments on common stock (2,881) (2,780)
Net cash provided by financing activities 248,984 302,781
Increase in cash and cash equivalents 50,388 65,983
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 70,278 52,574
CASH AND CASH EQUIVALENTS AT END OF PERIOD 120,666 118,557
Cash paid during the period for:    
Interest 576 937
Income taxes 6,105 2,810
Operating cash flows from operating leases $ 1,124 $ 1,120