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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities      
Net income $ 12,456,000 $ 6,748,000 $ 6,748,000
Adjustments to reconcile net income to net cash from Operating activities:      
Depreciation and amortization of premises and equipment 500,000 522,000  
Net accretion of securities, loans, deposits, and other (391,000) (873,000)  
Unrealized loss on equity securities 20,000 0  
Amortization of investment in affordable housing tax credits 259,000 247,000  
Amortization of intangible assets 1,707,000 1,441,000  
Amortization of right-of-use asset 1,314,000 0  
Change in operating lease liabilities (1,257,000) 0  
Provision for loan losses 1,500,000 1,945,000 11,823,000
Stock-based compensation 287,000 161,000  
Deferred tax expense (benefit) (880,000) 1,503,000  
Gain on sale of loans (3,841,000) (2,711,000)  
Increase in cash surrender value of life insurance (187,000) (191,000)  
Loans originated and purchased for sale, net (68,236,000) (30,423,000)  
Proceeds from loans sold 136,866,000 104,273,000  
Other items 29,129,000 (4,442,000)  
Net cash provided by operating activities 109,246,000 78,200,000  
Investing activities      
Purchases (176,164,000) (151,163,000)  
Maturities, prepayments and calls 103,620,000 151,707,000  
Securities held to maturity:      
Maturities, prepayments and calls 500,000 500,000  
Sale (purchase) of Federal Home Loan Bank stock and other equity securities, net 12,000 (621,000)  
Net increase of investment in qualified affordable housing projects (309,000) (2,004,000)  
Net increase in loans (61,207,000) (45,668,000)  
Net cash received in connection with acquisition 0 6,634,000  
Purchases of premises and equipment (478,000) (135,000)  
Net cash used in investing activities (134,026,000) (40,750,000)  
Financing activities      
Net increase (decrease) in demand deposits and savings accounts 230,636,000 (108,420,000)  
Net increase (decrease) in time deposits (44,407,000) 107,130,000  
Advances on long-term FHLB advances 0 150,000,000  
Cash dividends paid (2,347,000) (2,414,000)  
Redemption of subordinated debentures (50,000,000) 0  
Issuance of subordinated debentures, net of issuance costs 118,111,000 0  
Common stock repurchased, net of repurchased costs (2,277,000) (5,254,000)  
Exercise of stock options 340,000 712,000  
Net cash provided by financing activities 250,056,000 141,754,000  
Net increase in cash and cash equivalents 225,276,000 179,204,000  
Cash and cash equivalents at beginning of period 194,654,000 181,763,000 181,763,000
Cash and cash equivalents at end of period 419,930,000 360,967,000 $ 194,654,000
Cash paid during the period:      
Interest paid 5,298,000 8,643,000  
Non-cash investing and financing activities:      
Transfer of loans to held for sale, net 52,771,000 15,041,000  
Loan to facilitate OREO 0 1,025,000  
Additions to servicing assets 705,000 827,000  
Net change in unrealized holding (loss) gain on securities available for sale 1,279,000 350,000  
Recognition of operating lease right-of-use assets (26,814,000) 0  
Recognition of operating lease liabilities 26,814,000 0  
Acquisition:      
Assets acquired, net of cash received 0 182,895,000  
Liabilities assumed 0 200,209,000  
Cash considerations 0 32,885,000  
Goodwill $ 0 $ 10,680,000