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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jan. 01, 2019
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities            
Net income       $ 13,319 $ 13,679  
Adjustments to reconcile net income to net cash from operating activities:            
Depreciation       1,993 1,980  
Amortization of premiums on available-for-sale securities, net       900 579  
Amortization of servicing rights   $ 296 $ 149 784 329  
Amortization of core deposit intangible       546 546  
Net amortization (accretion) of fair value adjustments       382 (1,530)  
Stock-based compensation expense       827 825  
Director stock award       48    
Deferred income taxes       (3) (200)  
Provision for loan loss   1,987 247 4,986 410 $ 1,138
Gain on sale of loans held for sale   (1,537) (260) (2,128) (558)  
Originations of loans held for sale       (151,477) (50,428)  
Proceeds from sale of loans held for sale       150,130 48,543  
(Gain) loss on sale of other assets owned   (7) 22 (13) 65  
(Gain) loss on sales of securities available-for-sale       (270) 26  
Change in other assets and other liabilities, net       (3,531) 5,750  
Net cash provided by operating activities       16,493 20,016  
Activity in available-for-sale securities:            
Maturities, prepayments and calls       67,137 34,384  
Sales       11,843 11,100  
Purchases       (110,330) (44,936)  
Activity in other securities, at cost:            
Sales         237  
Purchases       (17)    
Change in interest-bearing time deposits       (348) (535)  
Proceeds from sale of other assets owned       92 371  
Additions to premises and equipment       (2,407) (2,805)  
Loan originations and principal collections, net       (144,978) (51,240)  
Acquisition of Limberlost, net of cash received         (2,089)  
Net cash used in investing activities       (179,008) (55,513)  
Cash Flows from Financing Activities            
Net change in deposits       230,359 142,853  
Net change in federal funds purchased and securities sold under agreements to repurchase       (18,214) (2,125)  
Repayment of FHLB advances       (7,493) (23,938)  
Purchase of treasury stock       (376) (378)  
Cash dividends paid on common stock       (5,304) (4,688)  
Net cash provided by financing activities       198,972 111,724  
Net Increase in Cash and Cash Equivalents       36,457 76,227  
Cash and Cash Equivalents - Beginning of year $ 38,365     51,296 38,365 38,365
Cash and Cash Equivalents - End of period   $ 87,753 $ 114,592 87,753 114,592 $ 51,296
Cash paid during the period for:            
Interest       7,970 9,962  
Income taxes       4,700 2,345  
Noncash investing activities:            
Transfer of loans to other real estate owned       $ 71 187  
Limberlost Bancshares, Inc. [Member]            
The Company purchased all of the capital stock of Limberlost for $78,902 on January 1, 2019. In conjunction with the acquisition, liabilities were assumed as follows:            
Fair value of assets acquired         336,380  
Less: common stock issued         70,437  
Cash paid for the capital stock $ 8,500       8,465  
Liabilities assumed         $ 257,478