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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 11,228 $ 12,918  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,338 1,235  
Provision for loan/lease losses 8,367 2,134  
Stock-based compensation expense 641 722  
Deferred compensation expense accrued 913 733  
Losses on other real estate owned, net 4 224  
Amortization of premiums on securities, net 159 448  
Caplet amortization 110    
Loans originated for sale (34,459) (18,034)  
Proceeds on sales of loans 34,790 17,735  
Gains on sales of residential real estate loans (652) (369)  
Gains on sales of government guaranteed portions of loans   (31)  
Losses on debt extinguishment 147    
Gains on sales of premises and equipment (8) (47)  
Intangibles amortization 549 532  
Accretion of acquisition fair value adjustments, net (625) (1,069)  
Increase in cash value of bank-owned life insurance (329) (540)  
Goodwill impairment 500    
Decrease in other assets 5,917 1,121  
Decrease in other liabilities (21,998) (9,110)  
Net cash provided by operating activities 6,592 8,602  
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease in federal funds sold 5,105 24,526  
Net increase in interest-bearing deposits at financial institutions (54,122) (80,962)  
Proceeds from sales of other real estate owned 827 202  
Activity in securities portfolio:      
Purchases (83,987) (4,079)  
Calls, maturities and redemptions 3,872 4,510  
Paydowns 9,182 10,426  
Activity in restricted investment securities:      
Purchases (1,874) (3,110)  
Redemptions 3,917 5,895  
Net increase in loans/leases originated and held for investment (15,596) (65,777)  
Purchase of premises and equipment (798) (3,970)  
Proceeds from sales of premises and equipment 8 117  
Net cash (used in) investing activities (133,466) (112,222)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposit accounts 259,310 217,257  
Net increase (decrease) in short-term borrowings 29,644 (12,888)  
Activity in Federal Home Loan Bank advances:      
Term advances 45,000 5,000  
Calls and maturities   (15,000)  
Net change in short-term and overnight advances (109,300) (130,365)  
Activity in other borrowings:      
Calls, maturities and scheduled principal payments   (1,937)  
Prepayments   (21,313)  
Paydown of revolving line of credit   (9,000)  
Proceeds from subordinated notes   63,393  
Payment of cash dividends on common stock (947) (939)  
Proceeds from issuance of common stock, net 520 416  
Repurchase and cancellation of shares (3,780)    
Net cash provided by financing activities 220,447 94,624  
Net increase (decrease) in cash and due from banks 93,573 (8,996)  
Cash and due from banks, beginning 76,254 85,523 $ 85,523
Cash and due from banks, ending 169,827 76,527 76,254
Cash and due from banks 169,827   76,254
Supplemental disclosure of cash flow information, cash payments (receipts) for:      
Interest 11,534 14,146  
Income/franchise taxes 2,134 590  
Supplemental schedule of noncash investing activities:      
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net (3,691) 2,344  
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised (190) (152)  
Transfers of loans to other real estate owned   158  
Increase (decrease) in the fair value of back-to-back interest rate swap assets and liabilities 110,545 13,882  
Dividends payable 942 $ 942  
Assets Sold:      
Total assets sold 10,758   11,966
Liabilities Sold:      
Total liabilities sold $ 3,130   $ 5,003