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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 7,083 $ 4,773
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 6,234 608
Depreciation and amortization 1,606 1,252
Accretion and amortization 379 (308)
Other gains, net (2,383) (3)
Net gain on sales of loans (8,540) (4,660)
Proceeds from sales of loans held for sale 210,963 142,435
Loans originated for sale (216,024) (120,840)
Earnings on bank-owned life insurance (359) (327)
Stock based compensation 310 0
Net change in:    
Accrued interest receivable and other assets (2,986) 1,371
Accrued expenses and other liabilities 8,032 5,028
Net cash from operating activities 4,315 29,329
Activity in securities available for sale:    
Purchases (112,358) (5,192)
Sales 94,514 0
Maturities, prepayments, and calls 11,513 7,552
Loan originations and principal collections, net 31,937 41,201
Purchases of premises and equipment, net (1,156) (1,032)
Proceeds from sales of premises and equipment 83 3
Proceeds from sales of foreclosed assets 513 405
Net cash from investing activities 25,046 42,937
Cash flows from financing activities:    
Net change in deposits (31,008) 27,475
Net change in short-term borrowings (19,765) 1,210
Payments to tax authorities for stock-based compensation (84) 0
Payments made on notes payable and other borrowings 0 (7,530)
Cash dividends on common stock (541) 0
Net cash from financing activities (51,398) 21,155
Net change in cash and cash equivalents (22,037) 93,421
Beginning cash and cash equivalents 158,099 245,989
Ending cash and cash equivalents 136,062 339,410
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 5,771 7,140
Income taxes paid 0 0
Supplemental schedule of noncash investing and financing activities:    
Loans transferred to foreclosed assets 574 460
Business combination measurement period adjustment $ 1,211 $ 0