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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 18,302 $ 14,529
Adjustments to reconcile net income to net cash from operating activities    
Depreciation 1,624 1,274
Provision for loan losses 1,315 1,890
Amortization (accretion), net 89 984
Writedowns (gains on the sale) of other real estate owned, net 176 (909)
Stock compensation expense 256 217
Changes in:    
Interest receivable (120) (66)
Other assets (1,158) 1,002
Interest payable 114 104
Other liabilities 812 (19)
Net cash from operating activities 21,410 19,006
Cash flows from investing activities    
Net change on time deposits with other banks 496 496
Purchases of securities available for sale (39,961) (92,644)
Proceeds from maturities and calls of securities available for sale 67,203 48,355
Purchase of FHLB stock (10) 0
Redemption of FHLB stock 100 12
Net change in loans 7,394 11,156
Purchases of premises and equipment, net (1,211) (2,643)
Proceeds from sales of other real estate acquired through foreclosure 1,254 7,562
Net cash from (used in) investing activities 35,265 (27,706)
Cash flows from financing activities    
Net change in deposits (3,029) 46,930
Net change in agreements to repurchase securities (341) 1,418
Repayment of other borrowed funds (2,500) (1,650)
Repayment of FHLB advances (2,500) 0
Proceeds from stock option exercises 176 168
Cash in lieu of fractional shares 0 (13)
Common stock dividends paid (6,588) (5,611)
Net cash from (used in) financing activities (14,782) 41,242
Net change in cash and cash equivalents 41,893 32,542
Cash and cash equivalents at beginning of period 80,775 82,663
Cash and cash equivalents at end of period 122,668 115,205
Supplemental disclosures of cash flow information:    
Cash paid during period for interest 7,096 3,886
Cash paid during period for income taxes 5,090 2,807
Loans transferred to real estate acquired through foreclosure 1,330 1,066
Operating right-of-use asset resulting from lease liability $ 7,412 $ 0