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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 20,004 $ 23,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 9,500 4,100
Depreciation and amortization of premises and equipment 2,034 2,083
Net (accretion) and other amortization (563) (723)
Net amortization on securities 1,451 1,524
Increase in cash surrender value of bank owned life insurance (1,095) (1,109)
Amortization of other intangible assets 358 423
Share based compensation expense 2,004 1,848
Net securities losses (gains) 15 (201)
Change in fair value of loans held for sale 2,643  
Increase in accrued interest receivable (4,459) (1,161)
SBA loans originated for sale (11,864) (14,564)
Proceeds from sale of the guaranteed portion of SBA loans 12,910 15,897
Gain on sale of the guaranteed portion of SBA loans (840) (1,061)
(Increase) decrease in other assets (4,613) 2,424
Decrease in accrued expenses and other liabilities (3,802) (4,067)
Net cash provided by operating activities 23,683 28,993
Cash flows from investing activities:    
Purchases of securities available for sale (220,488) (50,767)
Purchases of securities, restricted (29,813) (39,156)
Proceeds from sales of securities available for sale 74,558 46,478
Redemption of securities, restricted 33,705 39,080
Maturities, calls and principal payments of securities available for sale 255,379 55,116
Maturities, calls and principal payments of securities held to maturity 22,097 15,105
Net increase in loans (940,864) (170,997)
Proceeds from sales of other real estate owned ("OREO"), net   297
Purchase of premises and equipment (2,467) (1,081)
Net cash used in investing activities (807,893) (105,925)
Cash flows from financing activities:    
Net increase (decrease) in deposits 1,265,773 (49,801)
Net decrease in FHLB advances (95,000) (432)
Net increase in repurchase agreements 671 406
Net proceeds from issuance of common stock 615 419
Purchase of treasury stock (4,633) (321)
Repurchase of surrendered stock from vesting of stock plans (1,030) (865)
Cash dividends paid (9,599) (9,201)
Net cash provided by (used in) financing activities 1,156,797 (59,795)
Net increase (decrease) in cash and cash equivalents 372,587 (136,727)
Cash and cash equivalents at beginning of period 117,194 295,368
Cash and cash equivalents at end of period 489,781 158,641
Cash paid for:    
Interest 13,354 20,833
Income taxes $ 5,538 2,358
Non-cash investing and financing activities:    
Transfers from portfolio loans to loans held for sale   $ 12,643