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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 30,056,000 $ 36,139,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 6,262,000 6,997,000
Accretion of acquired loans (337,000) (522,000)
Provision for loan losses 11,550,000 2,450,000
Stock-based compensation expense 2,102,000 2,199,000
Stock grants to directors for retainer fee 394,000 375,000
Proceeds from sales of mortgage loans held for sale 505,602,000 163,056,000
Origination of mortgage loans held for sale (506,683,000) (169,661,000)
Net gain from sales of mortgage loans held for sale (20,055,000) (5,032,000)
Net gain from sales and valuation write-downs of foreclosed assets (183,000) (132,000)
Net gain from sales and valuation write-downs of former bank premises (27,000) (559,000)
Net loss from sales and write-downs of fixed assets 54,000 5,000
Earnings on bank owned life insurance (933,000) (3,567,000)
Net change in:    
Accrued interest receivable (1,080,000) (609,000)
Other assets (6,269,000) (7,163,000)
Accrued interest payable and other liabilities (4,147,000) (3,843,000)
Net cash from operating activities 16,306,000 20,133,000
Cash flows from investing activities    
Loan originations and payments, net (472,417,000) (168,412,000)
Purchases of securities available for sale (270,119,000) (53,353,000)
Proceeds from maturities, calls and repayments of securities available for sale 296,895,000 60,617,000
Proceeds from sales of foreclosed assets 313,000 632,000
Proceeds from sales of former bank premises 162,000 854,000
Purchases of Federal Home Loan Bank stock 0 (1,980,000)
Purchases of bank owned life insurance 0 (2,500,000)
Proceeds from bank owned life insurance cash value release and death benefits 0 7,708,000
Net purchases of premises and equipment (7,201,000) (9,109,000)
Net cash for investing activities (452,367,000) (165,543,000)
Cash flows from financing activities    
Net increase (decrease) in time deposits (65,389,000) 196,035,000
Net increase in all other deposits 747,039,000 107,348,000
Net increase in securities sold under agreements to repurchase 54,342,000 471,000
Maturities of Federal Home Loan Bank advances (20,000,000) (30,000,000)
Proceeds from Federal Home Loan Bank advances 60,000,000 44,000,000
Proceeds from stock option exercises 0 16,000
Employee stock purchase plan 37,000 39,000
Dividend reinvestment plan 610,000 541,000
Repurchases of common stock shares (6,282,000) (7,110,000)
Payment of cash dividends to common shareholders (13,436,000) (12,746,000)
Net cash from financing activities 756,921,000 298,594,000
Net change in cash and cash equivalents 320,860,000 153,184,000
Cash and cash equivalents at beginning of period 233,731,000 75,354,000
Cash and cash equivalents at end of period 554,591,000 228,538,000
Supplemental disclosures of cash flows information    
Interest 21,798,000 23,361,000
Federal income tax 7,950,000 8,875,000
Transfers from loans to foreclosed assets 146,000 227,000
Transfers from bank premises to other real estate owned $ 179,000 $ 0