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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 10,853 $ 18,514
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,483 2,318
Depreciation and amortization 2,474 2,611
Accretion and amortization (296) 1,228
Other gains, net (149) (107)
Net gain on sales of loans (10,895) (10,210)
Proceeds from sales of loans held for sale 274,021 275,120
Loans originated for sale (263,676) (266,918)
Earnings on bank-owned life insurance (622) (666)
Stock based compensation 142 0
Net change in:    
Accrued interest receivable and other assets 45 (6,340)
Accrued expenses and other liabilities 8,279 5,152
Net cash from operating activities 21,659 20,702
Activity in securities available for sale:    
Purchases (11,233) (200,664)
Maturities, prepayments, and calls 93,478 210,172
Activity in securities held to maturity:    
Maturities, prepayments, and calls 0 14,675
Loan originations and principal collections, net 19,940 (83,319)
Purchases of premises and equipment, net (2,406) (1,721)
Proceeds from sales of premises and equipment 74 35
Proceeds from sales of foreclosed assets 1,244 1,848
Net cash from investing activities 101,097 (58,974)
Cash flows from financing activities:    
Net change in deposits 4,404 29,550
Net change in short-term borrowings (8,895) 10,800
Proceeds from common stock issuance, net 51,392 0
Payments made on notes payable and other borrowings (7,530) 0
Cash dividends on common stock 0 (17,544)
Net cash from financing activities 39,371 22,806
Net change in cash and cash equivalents 162,127 (15,466)
Beginning cash and cash equivalents 245,989 294,563
Ending cash and cash equivalents 408,116 279,097
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 14,866 7,313
Income taxes paid 2,853 0
Supplemental schedule of noncash investing and financing activities:    
Loans transferred to foreclosed assets 1,166 5,526
Share-based liability awards modified to equity awards $ 11,450 $ 0