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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:            
Net income $ 23,931   $ 19,652 $ 47,549 $ 26,231  
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization       2,533 2,719  
Deferred taxes       (643) (2,034)  
Stock-based compensation       423 472  
Provision for credit losses (4,257) $ (2,500) (49) (6,756) 12,658 $ 16,047
Write-downs of other real estate owned and other repossessed assets       504 764  
Gains on sale of mortgage loans held for sale (1,907)   (1,753) (4,340) (2,236)  
Securities gains, net       (60) (1,045)  
Change in fair market value of equity securities (280)   (373) (52) (141)  
Gains on sale of assets, net       (227) (30)  
Proceeds from sale of mortgage loans held for sale       196,989 104,642  
Funding of mortgage loans held for sale       (174,303) (130,226)  
Amortization of securities premiums and discounts, net       3,824 2,416  
Change in cash surrender value of bank owned life insurance       (682) (676)  
Payment of operating lease liabilities       (855) (855)  
Mortgage servicing rights:            
Fair value adjustments       (421) 1,305  
New servicing assets created       (1,410) (560)  
Changes in:            
Accrued interest receivable       351 (22)  
Other assets       1,047 (626)  
Accrued interest payable       375 1,669  
Other liabilities       6,098 10,197  
Net cash provided by operating activities       69,944 24,622  
Securities available-for-sale (AFS):            
Purchase of AFS securities       (559,810) (376,320)  
Proceeds from sales of AFS securities       1,080 64,293  
Proceeds from prepayments, calls, and maturities of AFS securities       187,189 179,209  
Securities held-to-maturity (HTM):            
Proceeds from maturities of HTM securities       0 517  
Change in loans, net       106,337 (294,547)  
Purchase of premises and equipment       (612) (573)  
Proceeds from sale and retirement of premises and equipment       812 0  
Purchase of stock by Federal Home Loan Bank       1,020 66  
Proceeds from sale of other real estate owned and repossessed assets       1,128 1,351  
Net cash used in investing activities       (262,856) (426,004)  
Cash flows from financing activities:            
Change in deposits, net       307,620 566,737  
Change in repurchase agreements and federal funds purchased, net       14,706 62,184  
Proceeds from Federal Home Loan Bank advances       0 25,000  
Payments on advances from Federal Home Loan Bank       (10) (25,010)  
Payment of finance lease liabilities       (8) (7)  
Issuance of common stock       480 457  
Repurchase of common stock       0 (1,099)  
Dividends paid       (13,691) (13,478)  
Net cash provided by financing activities       309,097 614,784  
Net increase in cash and cash equivalents       116,185 213,402  
Cash and cash equivalents at beginning of period   $ 338,235   338,235 264,683 264,683
Cash and cash equivalents at end of period $ 454,420   $ 478,085 454,420 478,085 $ 338,235
Supplemental disclosures:            
Income taxes paid       11,030 8,645  
Interest paid       7,462 13,292  
Non-cash activities:            
Loans to facilitate the sale of other real estate owned and repossessed assets       475 1,582  
Common stock dividends accrued, paid in subsequent quarter       239 233  
Real estate acquired in settlement of loans       $ 251 $ 1,862