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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,813 $ 9,473
Adjustments to reconcile net income to net cash provided by operations:    
Provision for loan losses 3,079 1,306
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 1,299 1,509
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (812) (409)
Net realized gains on sales of available-for-sale securities 0 (148)
Net realized and unrealized (gains) losses on trading securities 588 (800)
Proceeds from sale of trading securities 5,860 236
Purchase of trading securities 2,000 (144)
Gain on sale of loans (243) (84)
Net gains on dispositions of premises and equipment and foreclosed assets (15) 0
Proceeds from sale of loans 8,536 4,569
Origination of loans held for sale (9,412) (7,118)
Income on bank owned life insurance (479) (361)
Stock-based compensation expense 549 592
Changes in:    
Accrued interest receivable and other assets (4,061) (707)
Accrued interest payable, lease liabilities, and other liabilities (1,285) (6,520)
NET CASH PROVIDED BY OPERATING ACTIVITIES 14,417 1,394
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 27,389 20,152
Proceeds from sales of available-for-sale securities 0 11,403
Purchase of available-for-sale securities (46,882) (9,252)
Loan origination and payments, net (46,383) (51,635)
Redemption (purchase) of FHLB, other equity, and restricted equity interests (107) 1,379
Purchase of premises and equipment (1,327) (2,399)
Proceeds from the sale of premises and equipment and foreclosed assets 145 8
NET CASH USED BY INVESTING ACTIVITIES (67,165) (30,344)
Net change in:    
Checking, money market and savings accounts 888 88,105
Certificates of deposit (2,999) (41,532)
Purchase of treasury stock (324) (201)
Cash dividends paid (2,618) (2,591)
Proceeds from stock offering, net of issuance costs 3,353 0
Repayment of long-term borrowings (2,185) (5,112)
NET CASH PROVIDED BY FINANCING ACTIVITIES (3,885) 38,669
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (56,633) 9,719
CASH AND CASH EQUIVALENTS, Beginning 192,974 45,563
CASH AND CASH EQUIVALENTS, Ending 136,341 55,282
Cash paid during the period for:    
Interest 9,933 8,942
Income taxes 78 1,250
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 165 66
Grant of restricted stock awards from treasury stock 892 1,055
Grant of performance based restricted stock awards from treasury stock 217 0
Right of use assets obtained in exchange for lease liabilities $ 0 $ 16,478