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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 42,042 $ 51,691 $ 39,227
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 11,500 5,700 1,800
Depreciation and amortization of premises and equipment 4,319 4,253 3,822
Net (accretion) and other amortization (940) (1,375) (2,093)
Net amortization on securities 3,585 4,365 4,009
Increase in cash surrender value of bank owned life insurance (2,186) (2,230) (2,219)
Amortization of other intangible assets 656 787 917
Share based compensation expense 7,639 3,692 3,487
Net securities (gains) losses (3,525) (201) 7,921
Loss on termination of swaps 3,403    
Change in fair value of loans held for sale 2,877    
(Increase) decrease in accrued interest receivable (5,658) 328 416
SBA loans originated for sale (47,741) (27,419) (28,340)
Proceeds from sale of the guaranteed portion of SBA loans 52,643 29,922 30,898
Gain on sale of the guaranteed portion of SBA loans (3,940) (1,984) (2,078)
Gain on sale of loans     (441)
(Increase) decrease in other assets (11,916) 3,942 (2,373)
(Decrease) increase in other liabilities (5,371) (1,509) 3,430
Net cash provided by operating activities 47,387 69,962 58,383
Cash flows from investing activities:      
Purchases of securities available for sale (363,224) (141,297) (255,746)
Purchases of securities, restricted (52,988) (97,206) (505,272)
Purchases of securities held to maturity     (1,000)
Proceeds from sales of securities available for sale 152,980 46,478 230,372
Redemption of securities, restricted 62,505 88,355 516,593
Maturities, calls and principal payments of securities available for sale 404,093 149,456 92,818
Maturities, calls and principal payments of securities held to maturity 47,505 25,642 20,851
Net increase in loans (962,582) (421,024) (213,973)
Proceeds from loan sale     40,133
Proceeds from sales of other real estate owned ("OREO"), net   297  
Purchase of premises and equipment (5,129) (3,307) (5,325)
Net cash used in investing activities (716,840) (352,606) (80,549)
Cash flows from financing activities:      
Net increase (decrease) in deposits 1,674,607 (71,728) 551,891
Net decrease in federal funds purchased     (50,000)
Net (decrease) increase in FHLB advances (220,000) 194,568 (260,855)
Net increase (decrease) in repurchase agreements 224 460 (338)
Net proceeds from issuance of common stock 1,267 1,102 1,017
Purchase of treasury stock (4,633) (625)  
Repurchase of surrendered stock from vesting of stock plans (3,181) (887) (586)
Cash dividends paid (19,197) (18,420) (18,342)
Net cash provided by financing activities 1,429,087 104,470 222,787
Net increase (decrease) in cash and cash equivalents 759,634 (178,174) 200,621
Cash and cash equivalents at beginning of period 117,194 295,368 94,747
Cash and cash equivalents at end of period 876,828 117,194 295,368
Cash paid for:      
Interest 24,037 39,395 32,254
Income taxes 12,457 9,158 2,474
Non-cash investing and financing activities:      
Transfers from portfolio loans to loans held for sale $ 43,019 $ 12,643  
Transfers from portfolio loans to other real estate owned     $ 175