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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 15,714 $ 14,280
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for losses on off-balance sheet commitments 129 0
Noncash contribution expense to employee stock ownership plan 625 601
Noncash director compensation expense 151 146
Stock-based compensation expense 1,004 1,114
Amortization of core deposit intangible 443 460
Amortization of investment security premiums, net of accretion of discounts 924 1,496
Accretion of discount on acquired loans (154) (428)
Accretion of discount on subordinated debentures 34 63
Net change in deferred loan origination costs/fees (146) 18
Gain on sale of investment securities (55) (11)
Depreciation and amortization 1,128 1,093
Earnings on bank-owned life insurance policies (175) (458)
Net change in operating assets and liabilities:    
Interest receivable and other assets (583) (971)
Interest payable and other liabilities (2,131) 1,364
Total adjustments 1,194 4,487
Net cash provided by operating activities 16,908 18,767
Cash Flows from Investing Activities:    
Purchase of held-to-maturity securities 0 (1,989)
Purchase of available-for-sale securities (11,282) (121,269)
Proceeds from sale of available-for-sale securities 66,081 5,006
Proceeds from paydowns/maturities of held-to-maturity securities 8,157 9,615
Proceeds from paydowns/maturities of available-for-sale securities 41,905 24,540
Loans originated and principal collected, net 234 (38,835)
Purchase of bank-owned life insurance policies (1,892) 0
Purchase of premises and equipment (244) (446)
Cash paid for low-income housing tax credit investment (38) (373)
Net cash provided by (used in) investing activities 102,921 (123,751)
Cash Flows from Financing Activities:    
Net decrease in deposits (72,800) (10,947)
Proceeds from stock options exercised 470 585
Payment of tax withholdings for stock options exercised and vesting of restricted stock (220) (96)
Proceeds from stock issued under employee and director stock purchase plans 37 37
Stock repurchased, net of commissions (10,455) (104)
Repayment of Federal Home Loan Bank borrowings (7,000) 0
Repayment of finance lease obligations (83) 0
Cash dividends paid on common stock (5,242) (4,181)
Net cash used in financing activities (95,293) (14,706)
Net increase (decrease) in cash, cash equivalents and restricted cash 24,536 (119,690)
Cash, cash equivalents and restricted cash at beginning of period 34,221 203,545
Cash, cash equivalents and restricted cash at end of period 58,757 83,855
Supplemental disclosure of cash flow information:    
Cash paid in interest 2,191 1,083
Cash paid in income taxes 6,925 2,000
Supplemental disclosure of noncash investing and financing activities:    
Change in net unrealized gain or loss on available-for-sale securities 12,921 (7,301)
Securities transferred from available-for-sale to held-to-maturity 0 27,422
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity 205 268
Subscription in low-income housing tax credit investment 0 (3,000)
Stock issued to ESOP 625 601
Stock issued in payment of director fees 114 91
Repurchase of stock not yet settled 132 0
Restricted cash:    
Federal Reserve Bank reserve balance requirements included in cash, cash equivalents and restricted cash $ 9,709 $ 10,915