XML 20 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 18,534 $ 8,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,132 2,788
Accretion of fair value purchase accounting adjustments, net (2,397) (2,729)
Provision for loan and lease losses 62 6,049
Stock compensation expense 363 223
Gain from redemption and sale of securities available-for-sale   (16)
Deferred income tax expense 147 209
Increase in cash surrender value of bank owned life insurance (797) (345)
Net losses from sale of other real estate owned 170 81
Net gains from mortgage banking (2,244) (1,515)
Origination of loans held for sale (65,896) (49,888)
Proceeds from sales of loans held for sale 75,528 50,929
Net change in:    
Accrued interest receivable 1,309 (5,236)
Accrued interest payable (218) 318
Other assets (1,015) (10,018)
Other liabilities 4,503 1,523
Net cash provided by operating activities 31,181 1,280
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale   6,875
Proceeds from maturities and calls of securities available-for-sale 11,275 15,450
Proceeds from paydowns of securities available-for-sale 15,989 9,144
Proceeds from sales of other investments 290  
Purchases of securities available-for-sale (65,180) (41,958)
Purchase of other investments (80) (1,223)
Purchases of bank owned life insurance (40,000)  
Net increase in loans (31,545) (321,192)
Purchase of premises and equipment (1,633) (3,417)
Proceeds from sale of other assets owned 1,662 406
Net cash (paid) received from business combination (59,381) 46,132
Net cash used in investing activities (168,603) (289,783)
Cash flow from financing activities:    
Net increase in deposits 334,410 220,128
Net decrease in securities sold under agreements to repurchase (1,969) (527)
Proceeds from borrowings   338,340
Repayment borrowings (396) (50,581)
Cash dividends paid (1,813) (1,463)
Issuance of common stock 194 178
Repurchases of common stock (1,208) (2,075)
Net cash provided by financing activities 329,218 504,000
Net change in cash and cash equivalents 191,796 215,497
Cash and cash equivalents, beginning of period 481,719 183,970
Cash and cash equivalents, end of period 673,515 399,467
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 6,205 9,308
Cash paid during the period for income taxes 7,720 2,948
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 151 971
Change in goodwill due to acquisitions $ 2,723 $ 8,532