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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
     Net income $ 20,159 $ 18,839
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,670 1,398
Change in deferred taxes (24) 232
Provision for loan losses 4,550 875
Loans originated for resale (53,772) (14,177)
Proceeds from sales and transfers of loans 49,941 13,732
Net gain on sales of loans (2,402) (407)
Net gain on sale or call of securities (1,179) (15)
Net amortization of premiums on investments 1,425 752
Net (gain) loss on sale of other real estate owned 5 (113)
Provision for losses on other real estate owned 45 0
Equity compensation expense 482 368
Net increase in other assets and accrued interest (9,757) (9,743)
Net increase in other liabilities 9,579 2,036
Net (gain) loss on disposal of premises and equipment (3) 386
Amortization of investment in limited partnership 313 230
Net acquisition amortization 32 32
Net cash provided by operating activities 21,064 14,425
Cash flows from investing activities    
Increase in interest-bearing deposits in other banks (36,801) (4,635)
Proceeds from sales of securities available for sale 70,869 3,835
Proceeds from maturities, payments and calls of securities available for sale 90,809 51,633
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 62,916 17,963
Proceeds from sales of other real estate owned 279 418
Purchases of securities available for sale (139,353) (54,553)
Purchases of securities to be held to maturity (113,052) (61,051)
Redemption of restricted equity securities 0 2,604
Purchase of restricted equity securities (1,563) 0
Net increase in loans (141,216) (25,518)
Capital expenditures (7,475) (960)
Proceeds from disposal of premises and equipment 3 0
Net cash used by investing activities (214,584) (70,264)
Cash flows from financing activities    
Net increase in demand, savings, and money market accounts 212,641 25,821
Net increase (decrease) in certificates of deposit (100,048) 70,384
Net increase in short-term borrowings 53,837 0
Advances on long-term borrowings 55,000 0
Repayment on long-term borrowings (10,005) (28,900)
Payment to repurchase common stock (157) (96)
Proceeds from sale of common stock 497 488
Dividends paid (9,936) (9,574)
Net cash provided by financing activities 201,829 58,123
Net increase in cash and cash equivalents 8,309 2,284
Cash and cash equivalents at beginning of period 14,433 19,134
Cash and cash equivalents at end of period 22,742 21,418
Interest paid 14,066 19,858
Income taxes paid 3,917 3,390
Non-cash transactions    
Net transfer from loans to other real estate owned $ 827 $ 0