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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net income (loss) $ 26,811 $ 1,064
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,364 3,748
Provision for loan losses 1,654 22,227
Amortization of purchase accounting adjustments (131) (1,249)
Net amortization of securities 899 2,839
Gain on call or sale of investment securities, net (6) (2,321)
Loss on sale or disposition of fixed assets, net 191 2
(Gain) loss on sale of other real estate owned, net (7) 5
Loss on early extinguishment of subordinated debt 222 0
FHLB stock dividend (50) (31)
Stock-based compensation 1,371 1,336
Deferred taxes (588) 136
Net change in value of bank owned life insurance (959) (835)
Amortization of subordinated debt issuance costs 42 69
Change in the fair value of equity securities 102 (204)
Originations (624) (7,195)
Proceeds from sales 1,281 7,014
Gain on sale of loans (37) (119)
Net change in:    
Accrued interest receivable (560) 2,074
Other assets (1,646) (3,898)
Accrued taxes and other liabilities 2,220 3,960
Net cash provided by operating activities 33,549 28,622
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 0 137,803
Purchases of securities available for sale (180,590) (156,204)
Proceeds from maturities, prepayments and calls of investment securities available for sale 49,271 68,444
Proceeds from maturities, prepayments and calls of investment securities held to maturity 868 1,003
Proceeds from redemption or sale of equity securities 326 574
Purchases of equity securities (10,204) (523)
Net (increase) decrease in loans (125,988) 78,644
Proceeds from sales of other real estate owned 4,145 878
Purchases of other real estate owned 0 (501)
Proceeds from sales of fixed assets 4,692 3
Purchases of fixed assets (743) (3,293)
Purchases of bank owned life insurance (5,000) (8,000)
Purchase of other investments (643) (123)
Distributions from investments 25 20
Net cash (used in) provided by investing activities (263,841) 126,837
Cash flows from financing activities:    
Net (decrease) increase in customer deposits (67,859) 209,190
Net increase in federal funds purchased 168 0
Net (decrease) increase in repurchase agreements (5,783) 927
Net increase (decrease) in short-term FHLB advances 279,600 (42,000)
Repayment of long-term FHLB advances (25,000) 0
Cash dividends paid on common stock (2,609) (2,261)
Proceeds from stock options exercised 133 733
Payments to repurchase common stock (10,334) (6,925)
Proceeds from subordinated debt, net of issuance costs 19,548 0
Extinguishment of subordinated debt (18,600) 0
Net cash provided by financing activities 169,264 159,664
Net change in cash and cash equivalents (61,028) 315,123
Cash and cash equivalents, beginning of period 97,041 35,368
Cash and cash equivalents, end of period 36,013 350,491
Cheaha Financial Group [Member]    
Cash flows from investing activities:    
Cash paid for acquisition of Cheaha Financial Group, net of cash acquired $ 0 $ 8,112