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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 7,807 $ 8,895
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain) on sales of securities   (6)
Loss on disposal of fixed assets   12
Gain on sale of foreclosed assets 2 (16)
Writedowns of foreclosed assets   20
Share-based compensation expense 129 151
Provision (benefit) for loan losses 1,800 300
Depreciation and amortization 771 754
Net amortization on securities premiums and discounts 1,050 1,030
Accretion of discounts for loans acquired and net deferred loan fees (225) (266)
Increase in cash surrender value of life insurance policies (38) (900)
Amortization of core deposit intangible 269 269
(Increase) decrease in interest receivable and other assets 1,467 (203)
Increase (decrease) in other liabilities (2,336) 4,476
Deferred income tax benefit (114) 2
Increase in equity securities (447)  
Net amortization of partnership investment 158 450
Net cash provided by operating activities 10,293 14,968
Cash flows from investing activities:    
Maturities and calls of securities available for sale 2,430 1,150
Proceeds from sales of securities available for sale   15,504
Purchases of securities available for sale (33,285) (34,469)
Principal paydowns on securities available for sale 21,351 19,803
Loan originations and payments, net (35,350) (19,618)
Purchases of premises and equipment, net (1,716) (87)
Proceeds from sale premises and equipment   10
Proceeds from sales of foreclosed assets 32 7,920
Purchase of bank owned life insurance (167) (217)
Net cash used in investing activities (46,705) (10,004)
Cash flows from financing activities:    
Increase in deposits 11,017 44,408
Increase (decrease) in borrowed funds 54,100 (56,100)
Increase (decrease) in repurchase agreements 3,650 3,001
Cash dividends paid (3,059) (2,754)
Repurchases of common stock (2,562)  
Stock options exercised 181 412
Net cash provided by financing activities 63,327 (11,033)
(Decrease) increase in cash and due from banks 26,915 (6,069)
Cash and cash equivalents, beginning of year 80,077 74,132
Cash and cash equivalents, end of year 106,992 68,063
Supplemental disclosure of cash flow information:    
Interest $ 2,359 3,409
Supplemental noncash disclosures:    
Real estate acquired through foreclosure   26
Operating right-of-use asset pursuant to adoption on ASU 2016-02   9,712
Operating lease liability pursuant to adoption of ASU 2016-02   $ 10,336