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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 46,711 $ 18,328 $ 27,858
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for (reversal of) loan losses (12,400) 29,600 2,300
Depreciation and other amortization 2,319 2,190 1,915
Accretion and amortization of securities discounts and premiums, net 935 710 432
Write-down of real estate owned 1,029
Loss on sale of other real estate owned 376    
(Gain) loss on sale of investment securities available for sale 3 (3) (727)
Gain on sale of fixed assets (10) (196)
Net change in operating leases 605 180 585
Compensation expense related to stock options and restricted stock grants 1,647 1,397 1,698
Gain on sale of loans held for sale (13,676) (21,186) (10,219)
Loans originated and held for sale (486,145) (594,289) (380,632)
Proceeds from sale of loans held for sale 546,522 582,264 373,046
Increase in cash surrender value of bank owned life insurance (1,231) (1,091) (1,001)
Increase (decrease) in deferred tax asset 1,589 (2,741) (420)
(Increase) decrease in other assets, net 2,126 (4,670) (600)
Increase (decrease) in other liabilities, net (11,302) 9,097 4,074
Net cash provided by operating activities 78,069 20,619 18,309
Increase (decrease) in cash realized from:      
Increase in loans, net (348,718) (203,632) (267,613)
Purchase of property and equipment (26,509) (7,276) (8,431)
Purchase of investment securities:      
Available for sale (49,393) (50,854) (39,930)
Other investments (2,250) (2,338) (4,675)
Available for sale 20,673 24,784 19,212
Other investments 1,861 5,651 1,848
Proceeds from sale of investment securities available for sale 29,006
Purchase of bank owned life insurance policies (7,500) (5,000)
Proceeds from sale of fixed assets 50 2,895
Proceeds from sale of other real estate owned 1,159
Net cash used for investing activities (410,627) (230,770) (275,583)
Increase (decrease) in cash realized from:      
Increase in deposits, net 421,068 266,634 227,988
Increase (decrease) in Federal Home Loan Bank advances and other borrowings (25,000) (85,000) 60,000
Increase of subordinated debt 22,460
Proceeds from the exercise of stock options 3,012 1,388 1,769
Net cash provided by financing activities 399,080 183,022 312,217
Net increase (decrease) in cash and cash equivalents 66,522 (27,129) 54,943
Cash and cash equivalents, beginning of year 100,687 127,816 72,873
Cash and cash equivalents, end of year 167,209 100,687 127,816
Cash paid for      
Interest 6,402 16,312 25,156
Income taxes 21,652 2,741 7,883
Schedule of non-cash transactions      
Foreclosure of other real estate 367 2,198
Unrealized gain (loss) on securities, net of income taxes (1,763) 1,323 1,193
Right-of-use assets obtained in exchange for lease obligations:      
Operating leases $ 10,221 $ 2,115 $ 21,459