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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 9,756 $ 2,732
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,499 1,634
Accretion of fair value purchase accounting adjustments, net (1,636) (1,841)
Provision for loan losses 67 3,200
Stock compensation expense 201 110
Deferred income tax expense 446 90
Increase in cash surrender value of bank owned life insurance (370) (162)
Net losses from sale of other real estate owned 151 14
Net gains from mortgage banking (1,139) (576)
Origination of loans held for sale (35,229) (15,195)
Proceeds from sales of loans held for sale 40,219 15,582
Net change in:    
Accrued interest receivable (86) 35
Accrued interest payable 367 784
Other assets (1,234) 685
Other liabilities 3,078 2,010
Net cash provided by operating activities 16,090 9,102
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale   2,115
Proceeds from maturities and calls of securities available-for-sale 9,097 3,250
Proceeds from paydowns of securities available-for-sale 7,144 3,816
Proceeds from sales of other investments 147  
Purchases of securities available-for-sale (55,757) (3,377)
Purchase of other investments (80) (507)
Purchases of bank owned life insurance (40,000)  
Net increase in loans (103,308) (52,721)
Purchase of premises and equipment (1,009) (2,429)
Proceeds from sale of other assets owned 98 120
Net cash and cash equivalents received from business combination   46,132
Net cash used in investing activities (183,668) (3,601)
Cash flow from financing activities:    
Net increase in deposits 243,084 22,158
Net increase (decrease) in securities sold under agreements to repurchase 1,447 (20)
Proceeds from borrowings   100,000
Repayment borrowings (4)  
Cash dividends paid (907) (702)
Issuance of common stock 147 173
Repurchase of common stock (1,207) (1,992)
Net cash provided by financing activities 242,560 119,617
Net change in cash and cash equivalents 74,982 125,118
Cash and cash equivalents, beginning of period 481,719 183,971
Cash and cash equivalents, end of period 556,701 309,089
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 2,665 4,643
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 14 676
Change in goodwill due to acquisitions $ 324 $ 8,302