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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 14,672 $ 14,855
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,622 1,757
Share-based compensation expense 712 884
Loan and lease loss provision 1,117 649
(Gain) loss on sales of securities (725) 428
Gain on sales of SBA loans (926) (1,448)
Origination of SBA loans held for sale (13,223) (18,805)
Proceeds from sales of SBA loans 16,608 20,981
Change in accrued interest receivable (66) 19
Change in bank-owned life insurance (280) (277)
Change in prepaid expenses and other assets 1,737 5,192
Change in accrued interest payable 3,058 622
Change in accrued expenses and other liabilities (2,873) (6,357)
Net cash provided by operating activities 22,433 18,500
Cash flows from investing activities:    
Proceeds from matured, called and repayment of securities 20,544 22,495
Proceeds from sales of securities available for sale 69,187 21,958
Change in loans and leases receivable, excluding purchases 24,201  
Change in loans and leases receivable, excluding purchases   (70,971)
Purchases of securities available for sale (130,550) (46,641)
Purchases of premises and equipment (1,444) (481)
Purchases of loans and leases receivable 0 (38,905)
Net cash used in investing activities (18,062) (112,545)
Cash flows from financing activities:    
Change in deposits 72,940 29,447
Change in borrowings (55,000) 70,000
Proceeds from exercise of stock options 8 570
Cash paid for surrender of vested shares due to employee tax liability (425) (431)
Cash dividends paid (7,440) (7,756)
Net cash provided by financing activities 10,083 91,830
Net increase (decrease) in cash and cash equivalents 14,454 (2,215)
Cash and cash equivalents at beginning of year 155,376 153,826
Cash and cash equivalents at end of period 169,830 151,611
Cash paid during the period for:    
Interest 14,468 9,536
Income taxes 88 39
Non-cash activities:    
Income tax (expense) benefit related to items in other comprehensive income (1,697) 2,543
Change in unrealized loss in accumulated other comprehensive income (5,894) 8,864
Cash dividends declared (7,440) $ (7,756)
Right-of-use asset obtained in exchange for lease liability $ (40,909)