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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 19,815,000 $ 11,670,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,296,000 2,943,000
Accretion of fair value purchase accounting adjustments, net (4,337,000) (5,426,000)
Provision for loan losses 1,914,000 1,607,000
Stock compensation expense 432,000 327,000
(Gain) loss from redemption and sale on securities available-for-sale (34,000) 1,000
Deferred income tax expense 1,178,000 1,097,000
Increase in cash surrender value of bank owned life insurance (415,000) (441,000)
Loss on disposal of fixed assets 14,000 41,000
Net (gains) losses from sale of other real estate owned (43,000) 434,000
Net gains from sale of loans (1,192,000) (1,181,000)
Origination of loans held for sale (49,333,000) (42,313,000)
Proceeds from sales of loans held for sale 49,435,000 45,750,000
Net change in:    
Accrued interest receivable (207,000) (678,000)
Accrued interest payable 900,000 228,000
Other assets (330,000) 3,039,000
Other liabilities 5,029,000 2,008,000
Net cash provided by operating activities 26,122,000 19,106,000
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 16,515,000 24,563,000
Proceeds from maturities and calls of securities available-for-sale 15,555,000 2,525,000
Proceeds from paydowns of securities available-for-sale 10,166,000 14,457,000
Purchases of securities available-for-sale (6,074,000) (41,804,000)
Purchases of other investments (1,414,000) (3,840,000)
Net cash and cash equivalents received in business combination 0 5,653,000
Net increase in loans (85,424,000) (82,165,000)
Purchases of premises and equipment (4,506,000) (1,885,000)
Proceeds from sale of other real estate owned 1,395,000 3,446,000
Net cash used in investing activities (53,787,000) (79,050,000)
Cash flows from financing activities:    
Net increase in deposits 75,634,000 65,879,000
Net decrease in securities sold under agreements to repurchase (7,388,000) (7,268,000)
Issuance of common stock 314,000 1,528,000
Net proceeds from subordinated debt 0 39,158,000
Proceeds from Federal Home Loan Bank advances and other borrowings 145,176,000 160,700,000
Repayment of Federal Home Loan Bank advances and other borrowings (130,959,000) (182,976,000)
Net cash provided by financing activities 82,777,000 77,021,000
Net change in cash and cash equivalents 55,112,000 17,077,000
Cash and cash equivalents, beginning of period 115,822,000 113,027,000
Cash and cash equivalents, end of period 170,934,000 130,104,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 17,751,000 10,003,000
Cash paid during the period for income taxes 3,635,000 726,000
Noncash investing and financing activities:    
Change in unrealized (gains) losses on securities available-for-sale (3,263,000) 3,255,000
Acquisition of real estate through foreclosure 417,000 3,151,000
Financed sales of other real estate owned 0 257,000
Change in goodwill due to acquisition (473,000) 15,791,000
Initial recognition of operating lease right-of-use assets 2,344,000 0
Initial recognition of operating lease liabilities $ 2,344,000 $ 0