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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 16,616 $ 4,109
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,952 12,136
Depreciation, amortization and accretion, net 3,777 2,692
Change in cash surrender value of bank owned life insurance (844) (637)
Stock-based compensation expense 508 262
Operating lease payments (722) (711)
Gain on investment securities, net 0 (4)
Gain on sales and write downs of other real estate owned, net (210) (35)
Loss on sale of loans 38 0
Loss on sale of other assets 4 0
Gain on sale of loans held for sale, net (415) (1,229)
(Increase) decrease in accrued interest receivable (725) 2,034
Increase in accrued interest payable 745 262
Origination of loans held for sale (18,931) (42,379)
Proceeds from sale of loans held for sale 20,057 40,839
Increase in other investment (487) (84)
Decrease in other assets 2,616 454
Increase (decrease) in other liabilities (846) 3,844
Net cash provided by operating activities 24,133 21,553
Cash flows from investing activities:    
Proceeds from maturities of certificates of deposit investments 490 0
Proceeds from maturities of securities available-for-sale 39,854 68,541
Proceeds from maturities of securities held-to-maturity 5,000 0
Purchases of securities available-for-sale (7,806) (177,116)
Net (increase) decrease in loans (41,434) 26,319
Purchases of premises and equipment (27) (1,195)
Proceeds from sales of other real property owned 475 116
Investment in banked owned life insurance 0 (25,000)
Net cash provided by acquisition 67,323 27,061
Net cash provided by (used in) investing activities 63,875 (81,274)
Cash flows from financing activities:    
Net (decrease) increase in deposits (29,558) 54,499
Increase in repurchase agreements 5,535 5,566
Proceeds from FHLB advances 20,000 0
Repayment of FHLB advances (25,000) (5,000)
Proceeds from issuance of common stock 406 179
Direct expenses related to capital transactions (29) 0
Purchase of treasury stock (11) 0
Dividends paid on common stock (3,973) (3,257)
Net cash (used in) provided by financing activities (32,630) 51,987
Increase (decrease) in cash and cash equivalents 55,378 (7,734)
Cash and cash equivalents at beginning of period 168,602 417,281
Cash and cash equivalents at end of period 223,980 409,547
Cash paid during the period for:    
Interest 2,503 3,183
Income taxes 0 0
Supplemental disclosures of noncash investing and financing activities    
Loans transferred to other real estate 198 45
Initial recognition of right-of-use assets 715 0
Initial recognition of lease liabilities 715 0
Dividends reinvested in common stock 0 171
Net tax benefit related to option and deferred compensation plans 0 179
LINCO Bancshares, Inc.    
Supplemental disclosures of noncash investing and financing activities    
Fair value of assets acquired 750,063 1,173,443
Cash paid 15,150 103,500
Common stock issued 92,172 44,191
Total consideration paid 107,322 147,691
Fair value of liabilities assumed $ 642,741 $ 1,025,752