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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 20,471 $ 11,901
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (2,000) 7,036
Depreciation of premises and equipment 828 783
Net amortization of premium and discount on securities and loans 882 1,519
Amortization of intangibles 226 230
Share-based compensation 918 758
Tax benefit (expense) from stock option exercises and other equity awards 9 (85)
Income from bank-owned life insurance [1] (556) (564)
Net gains on loan sales, including fair value adjustments (11,858) (6,013)
Proceeds from sales of loans 291,789 148,768
Loans originated for sale (299,051) (166,408)
(Increase) decrease in operating lease right-of-use assets 760 694
Increase (decrease) in operating lease liabilities (744) (677)
(Increase) decrease in other assets 30,504 (57,060)
Increase (decrease) in other liabilities (35,544) 56,292
Net cash provided by (used in) operating activities (3,366) (2,826)
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (130,496) (70,924)
Purchases of other investment securities available for sale (77,528) (45,000)
Maturities and principal payments of mortgage-backed securities available for sale 114,653 43,750
Maturities and principal payments of other investment securities available for sale 20,000 70,000
Net redemption (purchases) of Federal Home Loan Bank stock 5,513 (2,723)
Net (increase) decrease in loans 7,570 (145,740)
Purchases of loans (1,539) (51,081)
Proceeds from the sale of property acquired through foreclosure or repossession 0 1,066
Purchases of premises and equipment (911) (628)
Net cash provided by (used in) investing activities (62,738) (201,280)
Cash flows from financing activities:    
Net increase (decrease) in deposits 170,789 207,432
Proceeds from Federal Home Loan Bank advances 414,000 879,000
Repayment of Federal Home Loan Bank advances (540,947) (821,930)
Treasury stock purchased 0 (4,322)
Net proceeds from stock option exercises and issuance of other equity awards, net of awards surrendered (251) (377)
Cash dividends paid (9,012) (8,883)
Net cash provided by (used in) financing activities 34,579 250,920
Net increase (decrease) in cash and cash equivalents (31,525) 46,814
Cash and cash equivalents at beginning of period 202,268 138,455
Cash and cash equivalents at end of period 170,743 185,269
Noncash Investing and Financing Activities:    
Loans charged off 64 635
Loans transferred to property acquired through foreclosure or repossession 0 28
Supplemental Disclosures:    
Interest Payments 6,222 14,479
Income tax payments $ 1,641 $ 1,036
[1] As reported in the Consolidated Statements of Income.