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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 25,162 $ 22,960
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 400 0
Provision for losses on off-balance sheet commitments 129 0
Noncash contribution expense to employee stock ownership plan 935 898
Noncash director compensation expense 226 219
Stock-based compensation expense 1,243 1,414
Amortization of core deposit intangible 665 691
Amortization of investment security premiums, net of accretion of discounts 1,282 2,172
Accretion of discount on acquired loans (208) (531)
Accretion of discount on subordinated debentures 51 92
Net change in deferred loan origination costs/fees (345) 114
(Gain) loss on sale of investment securities (55) 79
Depreciation and amortization 1,701 1,625
Earnings on bank-owned life insurance policies (970) (685)
Net change in operating assets and liabilities:    
Interest receivable and other assets 2,287 2,779
Interest payable and other liabilities (1,302) (543)
Total adjustments 6,039 8,324
Net cash provided by operating activities 31,201 31,284
Cash Flows from Investing Activities:    
Purchase of held-to-maturity securities 0 (1,988)
Purchase of available-for-sale securities (18,892) (174,617)
Proceeds from sale of available-for-sale securities 66,081 16,972
Proceeds from paydowns/maturities of held-to-maturity securities 14,736 15,947
Proceeds from paydowns/maturities of available-for-sale securities 69,711 45,917
Loans originated and principal collected, net (32,895) (50,315)
Purchase of bank-owned life insurance policies (1,892) 0
Purchase of premises and equipment (419) (615)
Purchase of Federal Home Loan Bank stock (616) 0
Cash paid for low-income housing tax credit investment (339) (389)
Net cash provided by (used in) investing activities 95,475 (149,088)
Cash Flows from Financing Activities:    
Net increase in deposits 49,684 64,176
Proceeds from stock options exercised 572 585
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 64 65
Stock repurchased, net of commissions (13,279) (1,334)
Repayment of Federal Home Loan Bank borrowings (7,000) 0
Repayment of finance lease obligations (125) 0
Cash dividends paid on common stock (8,107) (6,419)
Net provided by financing activities 21,589 56,977
Net increase (decrease) in cash, cash equivalents and restricted cash 148,265 (60,827)
Cash, cash equivalents and restricted cash at beginning of period 34,221 203,545
Cash, cash equivalents and restricted cash at end of period 182,486 142,718
Supplemental disclosure of cash flow information:    
Cash paid in interest 3,351 1,737
Cash paid in income taxes 9,025 4,900
Supplemental disclosure of noncash investing and financing activities:    
Change in net unrealized gain or loss on available-for-sale securities 13,857 (9,421)
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 328 396
Subscription in low-income housing tax credit investment 0 3,000
Stock issued to employee stock ownership plan 935 898
Stock issued in payment of director fees 231 204
Repurchase of stock not yet settled 34 205
Restricted cash:    
Federal Reserve Bank reserve balance requirements included in cash, cash equivalents and restricted cash $ 10,015 $ 7,345