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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities    
Net income $ 13,455 $ 13,398
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 2,011 384
Provision for loan losses 3,200 870
Provision for off-balance sheet losses 50 0
Originations of loans held for sale (319,164) (429,285)
Proceeds from sales of loans held for sale 328,587 403,688
(Increase) decrease in valuation of loans held for sale carried at fair value 19 (1,266)
Gains on sales of securities available-for-sale 0 (109)
Deferred tax expense (benefit) 120 (692)
Decrease (increase) in valuation allowance on derivatives 258 (88)
Amortization on securities, net 1,984 1,459
Stock-based compensation 310 251
(Gains) losses on sale of other real estate owned, net 0 35
Income from bank owned life insurance (869) (338)
Changes in assets and liabilities:    
Increase in other assets (7,810) (1,966)
Increase in other liabilities 2,645 201
Net cash provided by (used in) operating activities 24,796 (13,458)
Cash Flows from Investing Activities    
Proceeds from maturities, calls, principal repayments and sales of securities available-for-sale 188,716 25,644
Purchases of securities available-for-sale (162,623) (53,500)
Proceeds from sales, maturities and calls of securities held-to-maturity 4,273 5,000
Redemption of restricted stock, net 3,052 950
Purchases of premises, equipment and land, net (1,263) (541)
Purchase of bank owned life insurance 0 (7,500)
Increase in loans, net (123,353) (78,805)
Proceeds from sale of other real estate owned 2,258 463
Cash paid in business combination (608) 0
Cash acquired in business combination 90,940 0
Net cash provided by (used in) investing activities 1,392 (108,289)
Cash Flows from Financing Activities    
Increase in demand, interest-bearing demand and savings deposits 178,531 244,915
Decrease in time deposits (3,266) (43,606)
Decrease in securities sold under agreements to repurchase (2,407) (4,794)
Decrease in short-term borrowings (160,000) (45,000)
Increase in long-term borrowings 0 20,000
Payment of dividends on common stock (6,287) (4,757)
Proceeds from issuance of common stock 6,115 1,010
Net cash provided by financing activities 12,686 167,768
Increase (decrease) in cash and cash equivalents 38,874 46,021
Cash and cash equivalents at beginning of the period 91,059 35,889
Cash and cash equivalents at end of the period 129,933 81,910
Supplemental Disclosures of Cash Flow Information    
Interest paid 6,338 2,981
Income taxes 5,561 4,828
Supplemental Disclosure of Non-Cash Transactions    
Unrealized gains (losses) on securities available for sale 364 3,525
Change in fair value of interest rate swaps 13 0
Transfer of loans held for investment to other real estate owned 0 129
Transfer of other real estate owned to other assets due to FHA receivable 0 (129)
Increase in assets and liabilities:    
Loans (815,817) 0
Securities (243,679) 0
Other Assets (258,306) 0
Noninterest bearing deposits 282,752 0
Interest bearing deposits 773,867 0
Trust preferred debentures 3,824 0
Borrowings 55,925 0
Other liabilities $ 10,206 $ 0