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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 22,125 $ 25,162
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5,450 400
Provision for losses on off-balance sheet commitments 610 129
Noncash contribution expense to employee stock ownership plan 967 935
Noncash director compensation expense 226 226
Stock-based compensation expense 972 1,243
Amortization of core deposit intangible 639 665
Amortization of investment security premiums (discounts), net 864 1,282
Amortization of acquired loan (discounts) premiums, net (101) (208)
Accretion of discount on subordinated debenture 52 51
Net change in deferred loan origination costs/fees 6,132 (345)
Gain on sale of investment securities (915) (55)
Depreciation and amortization 1,591 1,701
Earnings on bank-owned life insurance policies (741) (970)
Net change in operating assets and liabilities:    
Interest receivable and other assets (5,347) 2,287
Interest payable and other liabilities (1,207) (1,302)
Total adjustments 9,192 6,039
Net cash provided by operating activities 31,317 31,201
Cash Flows from Investing Activities:    
Purchase of available-for-sale securities (71,744) (18,892)
Proceeds from sale of available-for-sale securities 33,756 66,081
Proceeds from paydowns/maturities of held-to-maturity securities 19,880 14,736
Proceeds from paydowns/maturities of available-for-sale securities 68,102 69,711
Loans originated and principal collected, net (269,376) (32,895)
Purchase of bank-owned life insurance policies (941) (1,892)
Purchase of premises and equipment (769) (419)
Purchase of Federal Home Loan Bank stock 0 (616)
Cash paid for low income housing tax credit investment (1,289) (339)
Net cash (used in) provided by investing activities (222,381) 95,475
Cash Flows from Financing Activities:    
Net increase in deposits 232,800 49,684
Proceeds from stock options exercised 1,277 572
Payment of tax withholdings for stock options exercised and vesting of restricted stock (73) (220)
Proceeds from stock issued under employee and director stock purchase plans 96 64
Stock repurchased, net of commissions (3,333) (13,279)
Repayment of Federal Home Loan Bank borrowings 0 (7,000)
Repayment of finance lease obligations (131) (125)
Cash dividends paid on common stock (9,376) (8,107)
Net cash provided by financing activities 221,260 21,589
Net increase in cash, cash equivalents and restricted cash 30,196 148,265
Cash, cash equivalents and restricted cash at beginning of period 183,388 34,221
Cash, cash equivalents and restricted cash at end of period 213,584 182,486
Supplemental disclosure of cash flow information:    
Cash paid in interest 2,450 3,351
Cash paid in income taxes 9,765 9,025
Supplemental disclosure of noncash investing and financing activities:    
Change in net unrealized gain or loss on available-for-sale securities 11,605 13,857
Amortization of net unrealized loss on available-for-sale securities transferred to held-to-maturity 394 328
Stock issued to employee stock ownership plan 967 935
Stock issued in payment of director fees 217 231
Repurchase of stock not yet settled 0 34
Restricted cash [1] $ 0 $ 10,015
[1] Restricted cash includes reserve requirements held with the Federal Reserve Bank of San Francisco. In response to the COVID-19 pandemic, the Federal Reserve reduced the reserve requirement ratios to zero percent effective March 26, 2020.