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CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating activities      
Net income $ 6,748,000 $ 10,380,000  
Adjustments to reconcile net income to net cash from Operating activities:      
Depreciation and amortization of premises, and equipment 522,000 481,000  
Net accretion of securities, loans, deposits, and other (873,000) (964,000)  
Unrealized gain on equity securities   (147,000)  
Amortization of investment in affordable housing tax credits 247,000 225,000  
Amortization of intangible assets 1,441,000 1,187,000  
Provision for loan losses 1,945,000 550,000 $ 2,390,000
Stock-based compensation 161,000 231,000  
Deferred tax benefit (expense) 1,503,000 (31,000)  
Gain on sale of loans (2,711,000) (2,198,000)  
Increase in cash surrender value of life insurance (191,000) (191,000)  
Loans originated and purchased for sale (30,423,000) (41,348,000)  
Proceeds from loans sold 104,273,000 144,272,000  
Other items (4,442,000) (663,000)  
Net cash provided by operating activities 78,200,000 111,784,000  
Investing activities      
Increase in interest-earning deposits   (596,000)  
Securities available for sale:      
Purchases (151,163,000)    
Maturities, prepayments and calls 151,707,000 16,185,000  
Securities held to maturity:      
Maturities, prepayments and calls 500,000 500,000  
Redemption of Federal Home Loan Bank stock   1,751,000  
Purchase of Federal Home Loan Bank stock and other equity securities, net (621,000) (1,007,000)  
Purchase of investment in qualified affordable housing projects (2,004,000)    
Net increase in loans (45,668,000) (20,438,000)  
Net cash received in connection with acquisition 6,634,000    
Purchases of premises and equipment (135,000) (484,000)  
Net cash used in investing activities (40,750,000) (4,089,000)  
Financing activities      
Net decrease in demand deposits and savings accounts (108,420,000) (118,098,000)  
Net increase in time deposits 107,130,000 158,400,000  
Net decrease in short-term FHLB advances   (44,500,000)  
Net increase in long-term FHLB advances 150,000,000    
Cash dividends paid (2,414,000) (2,007,000)  
Common stock repurchased, net of repurchased costs (5,254,000)    
Exercise of stock options 712,000 904,000 2,800,000
Net cash provided by (used in) financing activities 141,754,000 (5,301,000)  
Net increase in cash and cash equivalents 179,204,000 102,394,000  
Cash and cash equivalents at beginning of period 181,763,000 147,685,000 147,685,000
Cash and cash equivalents at end of period 360,967,000 250,079,000 $ 181,763,000
Cash paid during the period:      
Interest paid 8,643,000 2,350,000  
Non-cash investing and financing activities:      
Transfer from loans to other real estate owned   955,000  
Transfer of loans to held for sale, net 15,041,000 33,633,000  
Loan to facilitate OREO 1,025,000 412,000  
Net change in unrealized holding gain on securities available for sale 350,000 $ 674,000  
Additions to servicing assets 827,000    
Acquisition:      
Assets acquired, net of cash received 183,524,000    
Liabilities assumed 201,385,000    
Cash considerations 32,885,000    
Goodwill $ 11,227,000