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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:        
Net income $ 23,618   $ 6,579  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 1,265   1,356  
Deferred taxes (643)   (2,037)  
Stock-based compensation 213   228  
Provision for credit losses (2,499) $ 1,000 12,707 $ 16,047
Write-downs of other real estate owned and other repossessed assets 154   458  
Gains on sale of mortgage loans held for sale (2,433)   (483)  
Securities gains, net (60)   (481)  
Change in fair market value of equity securities 228   232  
Gains on sale of assets, net (214)   (3)  
Proceeds from sale of mortgage loans held for sale 109,014   23,032  
Funding of mortgage loans held for sale (101,070)   (22,785)  
Amortization of securities premiums and discounts, net 1,893   1,271  
Change in cash surrender value of bank owned life insurance (337)   (340)  
Payment of operating lease liabilities (445)   (444)  
Mortgage servicing rights:        
Fair value adjustments (780)   926  
New servicing assets created (736)   (144)  
Changes in:        
Accrued interest receivable 630   156  
Other assets 1,634   (1,173)  
Accrued interest payable 122   608  
Other liabilities 2,152   (5,939)  
Net cash provided by operating activities 31,706   13,724  
Securities available-for-sale (AFS):        
Purchase of AFS securities (304,167)   (126,748)  
Proceeds from sales of AFS securities 1,080   21,746  
Proceeds from prepayments, calls, and maturities of AFS securities 129,804   72,243  
Securities held-to-maturity (HTM):        
Proceeds from maturities of HTM securities 0   517  
Change in loans, net 15,747   (41,183)  
Purchase of premises and equipment (403)   (423)  
Proceeds from sale and retirement of premises and equipment 812   0  
Purchase (redemption) of stock by Federal Home Loan Bank 77   (880)  
Proceeds from sale of other real estate owned and repossessed assets 762   116  
Net cash used in investing activities (156,288)   (74,612)  
Cash flows from financing activities:        
Change in deposits, net 217,690   (10,464)  
Change in repurchase agreements and federal funds purchased, net (1,627)   6,992  
Proceeds from Federal Home Loan Bank advances 0   25,000  
Payments on advances from Federal Home Loan Bank (5)   (25,004)  
Payment of finance lease liabilities (3)   (3)  
Issuance of common stock 238   232  
Repurchase of common stock 0   (1,099)  
Dividends paid (6,841)   (6,747)  
Net cash provided by (used in) financing activities 209,452   (11,093)  
Net increase (decrease) in cash and cash equivalents 84,870   (71,981)  
Cash and cash equivalents at beginning of period 338,235   264,683 264,683
Cash and cash equivalents at end of period 423,105 $ 338,235 192,702 $ 338,235
Supplemental disclosures:        
Income taxes paid 87   0  
Interest paid 3,847   7,848  
Non-cash activities:        
Loans to facilitate the sale of other real estate owned and repossessed assets 381   718  
Common stock dividends accrued, paid in subsequent quarter 242   224  
Real estate acquired in settlement of loans $ (136)   $ 1,625