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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 16,330 $ 20,136
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 11,576 11,617
Depreciation, amortization and accretion, net 6,549 5,714
Change in cash surrender value of bank owned life insurance (1,398) (859)
Stock-based compensation expense 524 404
Operating lease payments (1,467) (1,375)
Gain on investment securities, net (77) (818)
Loss on sales and write downs of other real estate owned, net 3,043 (482)
Gain on sale of premises and equipment 0 (26)
Gain on sale of other assets (151) 0
Gain on sale of loans held for sale, net (2,355) (1,756)
(Increase) decrease in accrued interest receivable 3,128 (1,265)
Decrease in accrued interest payable (1,186) (211)
Origination of loans held for sale (75,532) (90,495)
Proceeds from sale of loans held for sale 73,830 88,090
Increase in other investment (414) 0
Increase in other assets (43,138) (2,163)
Increase (decrease) in other liabilities 12,102 (1,282)
Net cash provided by operating activities 1,364 25,229
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 245 1,715
Purchases of certificates of deposit investments 0 (980)
Proceeds from sales of securities available-for-sale 611 1,566
Proceeds from maturities of securities available-for-sale 131,720 182,410
Proceeds from maturities of securities held-to-maturity 0 45,000
Purchases of securities available-for-sale (370,962) (184,751)
Net (increase) decrease in loans 173,989 (506,945)
Purchases of premises and equipment (1,562) (1,282)
Proceeds from sales of other real property owned 8,418 1,731
Investment in banked owned life insurance (30,000) 0
Net cash provided by acquisition 24,409 0
Net cash used in investing activities (63,132) (461,536)
Cash flows from financing activities:    
Net increase in deposits 56,128 468,461
Decrease in federal funds purchased 0 (5,000)
Increase (decrease) in repurchase agreements (55,543) 142,179
Proceeds from FHLB advances 5,000 19,000
Repayment of FHLB advances (14,000) (29,000)
Proceeds from short-term debt 0 5,000
Repayment of short-term debt 0 (5,000)
Proceeds from issuance of common stock 432 390
Dividends paid on common stock (6,789) (6,316)
Net cash (used in) provided by financing activities (14,772) 589,714
Increase (decrease) in cash and cash equivalents (76,540) 153,407
Cash and cash equivalents at beginning of period 417,281 85,080
Cash and cash equivalents at end of period 340,741 238,487
Cash paid during the period for:    
Interest 8,454 9,160
Income taxes 9,996 8,616
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 197 205
Fixed assets transferred to other real estate 3,971 0
Dividends reinvested in common stock 332 336
Net tax benefit related to option and deferred compensation plans 355 22
LINCO Bancshares, Inc.    
Supplemental disclosure of purchase of capital stock:    
Fair value of assets acquired 1,170,699 0
Cash paid 103,500 0
Common stock issued 44,191 0
Total consideration paid 147,691 0
Fair value of liabilities assumed $ 1,023,008 $ 0