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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 16,125 $ 37,881
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Provision for credit losses 19,027 2,533
Depreciation expense 2,341 2,408
Amortization of intangibles 649 678
Amortization of premiums on securities 1,357 881
Amortization of lease right-to-use assets 1,100 987
Accretion of lease liabilities 352 397
Earnings on bank-owned life insurance (2,015) (4,581)
Stock-based compensation expense 1,691 1,720
Deferred income tax provision (4,885) (1,339)
Net gain on sales of assets (376) (347)
Earnings on securities (44) (17)
Change in operating assets and liabilities:    
Loans held for sale 14 162
Other assets (11,888) (784)
Other liabilities 5,137 3,624
Total adjustments 12,460 6,322
Net cash provided by operating activities 28,585 44,203
Cash flows from investing activities:    
Purchases of securities (493,825) (487,603)
Proceeds from sales, calls and maturities of securities 453,665 475,549
Principal repayments of securities 49,038 20,037
Net increase in loans (325,302) (261,172)
Sales of loan participations 1,725 30,330
Purchases of loan participations (2,500) (1,756)
Proceeds from sales of Small Business Administration loans 769 2,017
Net contributions to equity investments (1,822) (6,194)
Redemption (purchases) of bank-owned life insurance 1,965 4,655
Net purchases sales of premises and equipment (13,223) (2,001)
Proceeds from sales of repossessed real estate and other assets   103
Proceeds from insurance claims   108
Net cash used in investing activities (329,510) (225,927)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 276,122 13,662
Net increase (decrease) in interest-bearing deposits 42,154 (35,617)
Net increase in Federal Home Loan Bank advances   120,000
Net increase (decrease) in securities sold under agreements to repurchase 1,668 (1,290)
Redemption of trust preferred securities   (1,571)
Dividends paid on common stock (7,455) (6,230)
Payments to tax authorities for stock-based compensation (45) (19)
Proceeds from exercise of stock options 33 121
Repurchase of common stock (6,044) (3)
Net cash provided by financing activities 306,433 89,053
Net increase (decrease) in cash, cash equivalents and restricted cash 5,508 (92,671)
Cash, cash equivalents and restricted cash, beginning 372,064 382,070
Cash, cash equivalents and restricted cash, ending $ 377,572 $ 289,399