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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 $ 16,483 $ 20,471
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 100 (2,000)
Depreciation of premises and equipment 838 828
Net amortization of premiums and discounts on securities and loans 966 882
Amortization of intangibles 217 226
Share-based compensation 888 918
Tax benefit (expense) from stock option exercises and other equity awards 10 9
Income from bank-owned life insurance [1] (601) (556)
Net gains on loan sales, including changes in fair value (3,085) (11,858)
Proceeds from sales of loans, net 122,165 291,789
Loans originated for sale (95,644) (299,051)
(Increase) decrease in operating lease right-of-use assets (2,124) 760
Increase (decrease) in operating lease liabilities 2,160 (744)
(Increase) decrease in other assets 21,289 30,504
Increase (decrease) in other liabilities (25,100) (35,544)
Net cash provided by (used in) operating activities 38,562 (3,366)
Cash flows from investing activities:    
Purchases of mortgage-backed securities available for sale (74,919) (130,496)
Purchases of other debt securities available for sale (250) (77,528)
Maturities, calls and principal payments of mortgage-backed securities available for sale 43,334 114,653
Maturities, calls and principal payments of other debt securities available for sale 0 20,000
Net redemption (purchases) of Federal Home Loan Bank stock 4,579 5,513
Purchases of other equity investments (188) 0
Net (increase) decrease in loans (8,700) 7,570
Purchases of loans (465) (1,539)
Purchases of premises and equipment (834) (911)
Net cash provided by (used in) investing activities (37,443) (62,738)
Cash flows from financing activities:    
Net increase (decrease) in deposits 147,899 170,789
Proceeds from Federal Home Loan Bank advances 197,000 414,000
Repayment of Federal Home Loan Bank advances (287,000) (540,947)
Net proceeds from stock option exercises and issuance of other equity awards, net of awards surrendered (19) (251)
Cash dividends paid (9,396) (9,012)
Net cash provided by (used in) financing activities 48,484 34,579
Net increase (decrease) in cash and cash equivalents 49,603 (31,525)
Cash and cash equivalents at beginning of period 178,493 202,268
Cash and cash equivalents at end of period 228,096 170,743
Noncash Activities:    
Loans charged off 36 64
Supplemental Disclosures:    
Interest payments 3,458 6,222
Income tax payments $ 931 $ 1,641
[1] As reported in the Unaudited Consolidated Statements of Income.