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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,624 $ 17,982
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,297 1,331
Provision for credit losses (2,916) 6,713
Stock-based compensation expense 751 841
Deferred compensation expense accrued 1,026 1,289
Gains on other real estate owned, net   (1)
Amortization of premiums on securities, net 336 597
Caplet amortization 221 151
Mark to market gains on unhedged derivatives, net (906) (164)
Loans originated for sale (25,749) (59,785)
Proceeds on sales of loans 27,121 59,216
Gains on sales of residential real estate loans (493) (1,337)
Gains on sales of government guaranteed portions of loans (19)  
Gains on sales and disposals of premises and equipment (10) (21)
Amortization of intangibles 493 508
Accretion of acquisition fair value adjustments, net (118) (504)
Increase in cash value of bank-owned life insurance (346) (471)
Increase in other assets (16,243) (8,243)
Decrease in other liabilities (1,123) (6,959)
Net cash provided by operating activities 6,946 11,143
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in federal funds sold 2,735 7,730
Net decrease in interest-bearing deposits at financial institutions 18,537 32,890
Proceeds from sales of other real estate owned   1
Activity in securities portfolio:    
Purchases (52,403) (53,567)
Calls, maturities and redemptions 7,213 48,988
Paydowns 10,113 19,308
Sales   19,540
Activity in restricted investment securities:    
Purchases (11,389) (1,680)
Redemptions 20 59
Net increase in loans/leases originated and held for investment (148,521) (107,996)
Purchase of premises and equipment (3,428) (1,800)
Proceeds from sales of premises and equipment 37 21
Net cash used in investing activities (177,086) (36,506)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposit accounts (83,083) 32,645
Net increase (decrease) in short-term borrowings (2,610) 1,410
Activity in Federal Home Loan Bank advances:    
Net change in short-term and overnight advances 275,000 10,000
Activity in other borrowings:    
Payment of cash dividends on common stock (935) (947)
Payment from issuance of common stock, net (767) (260)
Repurchase and cancellation of shares (4,415)  
Net cash provided by financing activities 183,190 42,848
Net increase in cash and due from banks 13,050 17,485
Cash and due from banks, beginning 37,490 61,329
Cash and due from banks, ending 50,540 78,814
Supplemental disclosure of cash flow information, cash payments for:    
Interest 6,271 7,674
Income/franchise taxes 38 35
Supplemental schedule of noncash investing activities:    
Change in accumulated other comprehensive income, unrealized losses on securities available for sale and derivative instruments, net (27,340) (1,751)
Change in retained earnings from adoption of ASU 2016-13   (937)
Transfers of loans to other real estate owned   153
Due to broker for purchases of securities 7,533 2,568
Decrease in the fair value of back-to-back interest rate swap assets and liabilities (119,357) (100,886)
Dividends payable $ 939 $ 949