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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 44,138,000 $ 49,456,000 $ 42,024,000
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 9,425,000 9,553,000 9,766,000
Accretion of acquired loans (449,000) (686,000) (1,373,000)
Provision for loan losses 14,050,000 1,750,000 1,100,000
Deferred income tax expense (benefit) (4,141,000) 26,000 (372,000)
Stock-based compensation expense 2,325,000 2,931,000 2,410,000
Stock grants to directors for retainer fee 394,000 375,000 441,000
Proceeds from sales of mortgage loans held for sale 677,634,000 261,021,000 101,146,000
Origination of mortgage loans held for sale (665,992,000) (256,767,000) (96,179,000)
Net gain on sales of mortgage loans held for sale (29,541,000) (8,108,000) (3,536,000)
Net gain from sales and valuation write-downs of foreclosed assets (325,000) (254,000) (169,000)
Net gain from sale and write-downs on former bank premises (27,000) (436,000) (78,000)
Net loss from sales and disposals of premises and equipment 1,514,000 294,000 134,000
Earnings on bank owned life insurance (1,214,000) (3,886,000) (1,287,000)
Net change in:      
Accrued interest receivable (917,000) (48,000) (1,126,000)
Other assets (10,892,000) (7,636,000) (2,193,000)
Accrued interest and other liabilities 1,895,000 (2,818,000) 11,029,000
Net cash from operating activities 37,877,000 44,767,000 61,737,000
Cash flows from investing activities      
Purchases of securities available for sale (369,682,000) (62,084,000) (48,664,000)
Proceeds from maturities, calls and repayments of securities available for sale 321,164,000 79,478,000 40,308,000
Purchases of Federal Home Loan Bank stock 0 (1,980,000) (4,986,000)
Loan originations and payments, net (341,461,000) (99,620,000) (193,556,000)
Purchases of bank owned life insurance (700,000) (4,500,000) 0
Proceeds from bank owned life insurance cash value release and death benefits 0 7,708,000 0
Purchases of premises and equipment, net (8,989,000) (13,484,000) (6,318,000)
Proceeds from sales of former bank premises 162,000 854,000 1,964,000
Proceeds from sales of foreclosed assets 700,000 790,000 772,000
Net cash for investing activities (398,806,000) (92,838,000) (210,480,000)
Cash flows from financing activities      
Net (decrease) increase in time deposits (99,294,000) 170,921,000 (30,091,000)
Net (decrease) increase in all other deposits 820,463,000 55,755,000 (28,566,000)
Net (decrease) increase in securities sold under agreements to repurchase 15,690,000 (844,000) (15,229,000)
Proceeds from Federal Home Loan Bank advances 60,000,000 44,000,000 160,000,000
Maturities of Federal Home Loan Bank advances (20,000,000) (40,000,000) (30,000,000)
Proceeds from stock option exercises, net of cashless exercises 3,000 128,000 108,000
Employee stock purchase plan 49,000 50,000 52,000
Dividend reinvestment plan 814,000 729,000 1,165,000
Repurchases of common stock (6,591,000) (7,183,000) (5,943,000)
Payment of cash dividends to common shareholders (17,930,000) (17,108,000) (27,500,000)
Net cash from financing activities 753,204,000 206,448,000 23,996,000
Net change in cash and cash equivalents 392,275,000 158,377,000 (124,747,000)
Cash and cash equivalents at beginning of period 233,731,000 75,354,000 200,101,000
Cash and cash equivalents at end of period 626,006,000 233,731,000 75,354,000
Supplemental disclosures of cash flows information      
Interest 27,703,000 32,103,000 21,569,000
Federal income taxes 10,950,000 11,975,000 10,075,000
Noncash financing and investing activities:      
Transfers from loans to foreclosed assets 146,000 337,000 744,000
Transfers from bank premises to other real estate owned $ 613,000 $ 258,000 $ 296,000