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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 49,456,000 $ 42,024,000 $ 31,274,000
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 9,553,000 9,766,000 10,358,000
Accretion of acquired loans (686,000) (1,373,000) (2,338,000)
Provision for loan losses 1,750,000 1,100,000 2,950,000
Deferred income tax expense (benefit) 26,000 (372,000) 831,000
Stock-based compensation expense 2,931,000 2,410,000 1,981,000
Stock grants to directors for retainer fee 375,000 441,000 363,000
Proceeds from sales of mortgage loans held for sale 261,021,000 101,146,000 111,311,000
Origination of mortgage loans held for sale (256,767,000) (96,179,000) (108,857,000)
Net gain on sales of mortgage loans held for sale (8,108,000) (3,536,000) (3,972,000)
Net gain from sales and valuation write-downs of foreclosed assets (254,000) (169,000) (319,000)
Net (gain) loss from sale and write-downs on former bank premises (436,000) (78,000) 133,000
Net loss from sales and disposals of premises and equipment 294,000 134,000 71,000
Net gain from sales of available for sale securities 0 0 (37,000)
Earnings on bank owned life insurance (3,886,000) (1,287,000) (2,731,000)
Net change in:      
Accrued interest receivable (48,000) (1,126,000) (1,056,000)
Other assets (7,636,000) (2,193,000) (354,000)
Accrued interest and other liabilities (2,818,000) 11,029,000 (943,000)
Net cash from operating activities 44,767,000 61,737,000 38,665,000
Cash flows from investing activities      
Purchases of securities available for sale (62,084,000) (48,664,000) (67,027,000)
Proceeds from maturities, calls and repayments of securities available for sale 79,478,000 40,308,000 52,504,000
Proceeds from sales of securities available for sale 0 0 7,619,000
Purchases of Federal Home Loan Bank stock (1,980,000) (4,986,000) (3,010,000)
Loan originations and payments, net (99,620,000) (193,556,000) (178,373,000)
Purchases of bank owned life insurance (4,500,000) 0 (1,500,000)
Proceeds from bank owned life insurance cash value release and death benefits 7,708,000 0 2,720,000
Purchases of premises and equipment, net (13,484,000) (6,318,000) (5,423,000)
Proceeds from sales of former bank premises 854,000 1,964,000 25,000
Proceeds from sales of foreclosed assets 790,000 772,000 993,000
Net cash for investing activities (92,838,000) (210,480,000) (191,472,000)
Cash flows from financing activities      
Net (decrease) increase in time deposits 170,921,000 (30,091,000) (55,839,000)
Net (decrease) increase in all other deposits 55,755,000 (28,566,000) 203,219,000
Net decrease in securities sold under agreements to repurchase (844,000) (15,229,000) (12,962,000)
Proceeds from Federal Home Loan Bank advances 44,000,000 160,000,000 90,000,000
Maturities of Federal Home Loan Bank advances (40,000,000) (30,000,000) (45,000,000)
Proceeds from stock option exercises, net of cashless exercises 128,000 108,000 318,000
Employee stock purchase plan 50,000 52,000 46,000
Dividend reinvestment plan 729,000 1,165,000 1,576,000
Repurchases of common stock (7,183,000) (5,943,000) 0
Payment of cash dividends to common shareholders (17,108,000) (27,500,000) (12,046,000)
Net cash from financing activities 206,448,000 23,996,000 169,312,000
Net change in cash and cash equivalents 158,377,000 (124,747,000) 16,505,000
Cash and cash equivalents at beginning of period 75,354,000 200,101,000 183,596,000
Cash and cash equivalents at end of period 233,731,000 75,354,000 200,101,000
Supplemental disclosures of cash flows information      
Interest 32,103,000 21,569,000 15,468,000
Federal income taxes 11,975,000 10,075,000 14,225,000
Transfers from loans to foreclosed assets 337,000 744,000 887,000
Transfers from bank premises to other real estate owned $ 258,000 $ 296,000 $ 1,736,000