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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 $ 9,348 $ 12,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,000 600
Depreciation and amortization of premises and equipment 1,003 1,048
Net (accretion) and other amortization (218) (287)
Net amortization on securities 654 648
Increase in cash surrender value of bank owned life insurance (548) (553)
Amortization of other intangible assets 181 213
Share based compensation expense 1,022 954
Net securities losses 15  
Increase in accrued interest receivable (162) (1,821)
SBA loans originated for sale (5,888) (3,188)
Proceeds from sale of the guaranteed portion of SBA loans 6,345 3,454
Gain on sale of the guaranteed portion of SBA loans (371) (217)
(Increase) decrease in other assets (3,979) 4,006
Decrease in accrued expenses and other liabilities (4,137) (5,619)
Net cash provided by operating activities 8,265 12,165
Cash flows from investing activities:    
Purchases of securities available for sale (91,098) (40,771)
Purchases of securities, restricted (14,130) (14,850)
Proceeds from sales of securities available for sale 74,558 0
Redemption of securities, restricted 20,655 10,810
Maturities, calls and principal payments of securities available for sale 106,840 19,270
Maturities, calls and principal payments of securities held to maturity 9,280 10,470
Net increase in loans (81,992) (115,341)
Purchase of premises and equipment (1,462) (518)
Net cash provided by (used in) investing activities 22,651 (130,930)
Cash flows from financing activities:    
Net increase (decrease) in deposits 241,089 (160,921)
Net (decrease) increase in FHLB advances (145,000) 89,784
Net increase in repurchase agreements 196 182
Net proceeds from issuance of common stock 240 198
Purchase of treasury stock (4,633)  
Repurchase of surrendered stock from vesting of stock plans (1,008) (795)
Cash dividends paid (4,812) (4,594)
Net cash provided by (used in) financing activities 86,072 (76,146)
Net increase (decrease) in cash and cash equivalents 116,988 (194,911)
Cash and cash equivalents at beginning of period 117,194 295,368
Cash and cash equivalents at end of period 234,182 100,457
Cash paid for:    
Interest 9,032 11,126
Income taxes $ 213 $ 49