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CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Operating activities          
Net income     $ 28,534 $ 26,614  
Adjustments to reconcile net income to net cash from          
Depreciation and amortization of premises, and equipment     1,451 922  
Net accretion of securities, loans, deposits, and other     (2,537) (670)  
Unrealized (gain) on equity securities     (147)    
Amortization of investment in affordable housing tax credits     675 483  
Amortization of intangible assets     3,637 2,404  
Provision for credit losses $ 824 $ 1,695 1,731 2,579 $ 4,469
Stock-based compensation     544 446  
Deferred tax benefit     (438) (1,573)  
Gain on sale of securities (7)   (7)    
Gain on sale of loans (813) (1,125) (6,131) (5,025)  
Gain on sale of OREO (11)   (11)    
Gain on sale of fixed assets     (6)    
Increase in cash surrender value of life insurance     (580) (598)  
Loans originated and purchased for sale     (102,887) (338,129)  
Proceeds from loans sold     347,623 170,179  
Other items     (4,470) (1,597)  
Net cash provided by (used in) operating activities     266,981 (143,965)  
Investing activities          
Increase in interest-earning deposits     (349)    
Securities available for sale:          
Purchases     (112,656) (59,288)  
Maturities, prepayments and calls     109,977 35,541  
Sales     6,136    
Securities held to maturity:          
Maturities, prepayments and calls     1,205    
Redemption of Federal Home Loan Bank stock     1,751    
Purchase of Federal Home Loan Bank stock and other equity securities, net     (8,641) (8,008)  
Purchase of investment in qualified affordable housing projects       (4,500)  
Net increase in loans     (45,735) (212,688)  
Proceeds from sales of OREO     819    
Proceeds from sale of fixed assets     17    
Purchases of premises and equipment     (954) (2,105)  
Net cash used in investing activities     (48,430) (251,048)  
Financing activities          
Net (decrease) increase in demand deposits and savings accounts     (77,905) 52,658  
Net increase in time deposits     185,771 175,025  
Net (decrease) increase in FHLB advances     (284,500) 185,000  
Cash dividends paid     (6,030) (4,234)  
Common stock repurchased, net of repurchased costs     (3,190)    
Exercise of stock options     2,694 8,069  
Net cash (used in) provided by financing activities     (183,160) 416,518  
Net increase (decrease) in cash and cash equivalents     35,391 21,505  
Cash and cash equivalents at beginning of period     147,685 150,048 150,048
Cash and cash equivalents at end of period $ 183,076 $ 171,553 183,076 171,553 $ 147,685
Cash paid during the period:          
Interest paid     24,600 2,778  
Taxes paid     13,010 7,785  
Non-cash investing and financing activities:          
Transfer from loans to other real estate owned     974    
Transfer of loans to held for sale     63,422 138,045  
Net change in unrealized holding (loss) gain on securities available for sale     $ 1,669 $ (1,073)