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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 28,134 $ 15,302
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,739 4,437
Accretion of fair value purchase accounting adjustments, net (4,086) (3,689)
Provision for loan and lease losses 1,211 8,683
Stock compensation expense 521 365
Gain from redemption and sale of securities available-for-sale (45) (6)
Deferred income tax expense (benefit) 731 (37)
Increase in cash surrender value of bank owned life insurance (1,240) (526)
Net losses from sale and write downs of other real estate owned 176 142
Net gains from mortgage banking (3,238) (2,544)
Origination of loans held for sale (97,360) (99,223)
Proceeds from sales of loans held for sale 108,901 96,330
Net (gain) from sale of branch (137)  
Net change in:    
Accrued interest receivable 2,074 (3,221)
Accrued interest payable (125) 807
Other assets (414) 1,850
Other liabilities 5,709 3,556
Net cash provided by operating activities 45,551 22,226
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 16,771 11,759
Proceeds from maturities and calls of securities available-for-sale 43,551 45,800
Proceeds from paydowns of securities available-for-sale 21,550 18,622
Proceeds from sales of other investments 436  
Purchases of securities available-for-sale (145,316) (81,893)
Purchase of other investments (80) (1,223)
Purchases of bank owned life insurance (40,000)  
Proceeds from bank owned life insurance benefits 427  
Net (increase) decrease in loans and leases 4,444 (316,075)
Purchase of premises and equipment (603) (4,450)
Proceeds from sale of other assets owned 2,171 875
Proceeds received from branch sale 83,745  
Net cash (paid) received from business combination 15,364 46,132
Net cash provided by (used in) investing activities 2,460 (280,453)
Cash flow from financing activities:    
Net increase in deposits 558,410 332,319
Net (increase) decrease in securities sold under agreements to repurchase (351) 9
Proceeds from borrowings 7,500 338,340
Repayment borrowings (396) (50,581)
Cash dividends paid (2,719) (2,223)
Issuance of common stock 194 282
Repurchases of common stock (1,208) (2,075)
Net cash provided by financing activities 561,430 616,071
Net change in cash and cash equivalents 609,441 357,844
Cash and cash equivalents, beginning of period 481,719 183,971
Cash and cash equivalents, end of period 1,091,160 541,815
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 8,745 12,633
Cash paid during the period for income taxes 8,223 5,778
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure 580 971
Change in goodwill due to acquisitions and sale of a portfolio of loans $ 15,849 $ 9,316