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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 59,313,000 $ 73,612,000 $ 67,109,000
Proceeds from sales of loans held for sale 317,173,000 131,014,000 92,422,000
Originations of loans held for sale (316,125,000) (135,937,000) (83,806,000)
Items not requiring (providing) cash      
Depreciation 10,007,000 9,557,000 9,118,000
Amortization 2,075,000 2,068,000 2,291,000
Compensation expense for stock option grants 1,153,000 922,000 737,000
Provision for loan losses 15,871,000 6,150,000 7,150,000
Net gains on loan sales (8,089,000) (2,607,000) (1,788,000)
Net realized (gains) losses on available-for-sale securities (78,000) 62,000 (2,000)
Loss (gain) on sale of premises and equipment (37,000) 77,000 193,000
Loss on sale/write-down of other real estate and repossessions 840,000 316,000 1,886,000
Gain on sale of business units 0 0 (7,414,000)
Accretion of deferred income, premiums, discounts and other (6,147,000) (3,899,000) (2,918,000)
Loss (gain) on derivative interest rate products 264,000 104,000 (25,000)
Deferred income taxes (11,480,000) 1,074,000 (4,450,000)
Changes in      
Interest receivable 362,000 (82,000) (1,110,000)
Prepaid expenses and other assets (17,163,000) (1,336,000) 3,002,000
Accrued expenses and other liabilities (612,000) 2,725,000 280,000
Income taxes refundable/payable (1,279,000) 2,599,000 11,520,000
Net cash provided by operating activities 46,048,000 86,419,000 94,195,000
Investing Activities      
Net change in loans (62,493,000) (81,320,000) (147,945,000)
Purchase of loans (92,099,000) (97,162,000) (128,038,000)
Cash paid for sale of business units 0 0 (50,356,000)
Cash received for termination of interest rate derivative 45,864,000 0 0
Purchase of premises and equipment (8,224,000) (11,789,000) (9,317,000)
Proceeds from sale of premises and equipment 781,000 204,000 2,328,000
Proceeds from sale of other real estate and repossessions 4,096,000 15,244,000 20,426,000
Capitalized costs on other real estate owned (126,000) (121,000) (153,000)
Proceeds from maturities, calls and repayments of held-to-maturity securities 0 0 130,000
Proceeds from sale of available-for-sale securities 19,236,000 53,695,000 502,000
Proceeds from maturities, calls and repayments of available-for-sale securities 76,248,000 34,769,000 25,734,000
Purchase of available-for-sale securities (118,296,000) (207,634,000) (93,378,000)
Redemption (purchase) of Federal Home Loan Bank stock and other interest-earning assets 3,667,000 (1,035,000) (1,256,000)
Net cash used in investing activities (131,346,000) (295,149,000) (381,323,000)
Financing Activities      
Net increase (decrease) in certificates of deposit (330,306,000) 129,748,000 242,955,000
Net increase (decrease) in checking and savings accounts 887,114,000 105,400,000 (53,956,000)
Proceeds from Federal Home Loan Bank advances 0 0 2,621,500,000
Repayments of Federal Home Loan Bank advances 0 0 (2,749,000,000)
Net increase (decrease) in shortterm borrowings and other interest-bearing liabilities (146,632,000) 14,346,000 200,843,000
Advances from (to) borrowers for taxes and insurance 52,000 2,392,000 (227,000)
Proceeds from issuance of subordinated notes 73,513,000 0 0
Purchase of the company's common stock (22,104,000) (849,000) (903,000)
Dividends paid (33,426,000) (29,052,000) (15,819,000)
Stock options exercised 661,000 4,158,000 2,224,000
Net cash provided by financing activities 428,872,000 226,143,000 247,617,000
Increase (Decrease) in Cash and Cash Equivalents 343,574,000 17,413,000 (39,511,000)
Cash and Cash Equivalents, Beginning of Year 220,155,000 202,742,000 242,253,000
Cash and Cash Equivalents, End of Year $ 563,729,000 $ 220,155,000 $ 202,742,000