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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES                
Net income $ 13,071 $ 2,966 $ 15,852 $ 15,342 $ 12,597 $ 25,176 $ 41,150  
Adjustments to reconcile net income to net cash from operating activities:                
PROVISION FOR LOAN AND LEASE LOSSES 15,740     5,931   45,713 16,321  
Impairment loss on assets held for sale           747 459  
Depreciation and amortization of premises and equipment           4,849 4,701  
Change in fair value of equity securities, net           (301) (1,035)  
Net amortization of securities           5,445 1,756  
Net gains on sales of securities available-for-sale (1,037)     (178)   (2,412) (1,151)  
Net loss on disposal of premises and equipment           157    
Net gains on sales of assets held for sale             (82)  
Net gains on sales of loans (12,671)     (9,405)   (23,900) (23,110)  
Originations of U.S. government guaranteed loans           (301,177) (226,465)  
Proceeds from U.S. government guaranteed loans sold           232,251 229,617  
Accretion of premiums and discounts on acquired loans, net           (10,754) (17,771)  
Net change in servicing assets           (1,796) (246)  
Net valuation adjustments on other real estate owned 278     26   1,043 189  
Net gains on sales of other real estate owned 41     (38)   (44) (11)  
Other intangible assets amortization expense 1,947     2,003   5,732 5,735  
Amortization of time deposit premium           (56) (145)  
Amortization of subordinated notes issuance cost           41    
Accretion of junior subordinated debentures discount           385 439  
Share-based compensation expense           2,011 1,058  
Deferred tax provision, net of valuation           2,643 2,366  
Increase in cash surrender value of bank owned life insurance           (202) (253)  
Loss on redemption of junior subordinated debentures           112    
Changes in assets and liabilities:                
Accrued interest receivable           (3,052) (2,826)  
Other assets           (109) (13,788)  
Accrued interest payable           (1,153) 1,213  
Accrued expenses and other liabilities           21,705 (5,955)  
Net cash provided by operating activities           3,054 12,166  
CASH FLOWS FROM INVESTING ACTIVITIES                
Purchases of securities available-for-sale           (742,303) (310,950)  
Proceeds from maturities and calls of securities available-for-sale           173,581 76,800  
Proceeds from paydowns of securities available-for-sale           189,913 69,255  
Proceeds from sales of securities available-for-sale           80,509 92,103  
Purchases of Federal Home Loan Bank stock           (52,585) (28,170)  
Federal Home Loan Bank stock repurchases           65,060 23,455  
Proceeds from other loans sold             710  
Net change in loans and leases           (596,536) (64,290)  
Purchases of premises and equipment           (4,148) (2,291)  
Proceeds from sales of premises and equipment           32    
Proceeds from sales of assets held for sale             1,373  
Proceeds from sales of other real estate owned           874 1,619  
Net cash received in acquisition of business             4,306  
Proceeds from bank owned life insurance death benefit           69    
Net cash used in investing activities           (885,534) (136,080)  
CASH FLOWS FROM FINANCING ACTIVITIES                
Net increase in deposits           662,724 40,372  
Proceeds from short-term borrowings           6,407,800 6,364,280  
Repayments of short-term borrowings           (6,682,800) (6,294,235)  
Proceeds from Paycheck Protection Program Liquidity Facility (PPPFL) advances           449,889    
Repayments of PPPLF advances           (279)    
Proceeds from subordinated notes, net           73,258    
Repayments of junior subordinated debentures           (1,500)    
Net decrease in securities sold under agreements to repurchase           (3,688) (1,876)  
Dividends paid on preferred stock           (587) (587)  
Dividends paid on common stock           (3,412)    
Proceeds from issuance of common stock upon exercise of stock options           2,548 2,359  
Proceeds from issuance of common stock           537 580  
Repurchases of common stock           (1,668)    
Net cash provided by financing activities           902,822 110,893  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS           20,341 (13,021)  
CASH AND CASH EQUIVALENTS, beginning of period   $ 80,737 108,839   $ 121,860 80,737 121,860 $ 121,860
CASH AND CASH EQUIVALENTS, end of period $ 101,078   $ 80,737 $ 108,839   101,078 108,839 $ 80,737
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                
Cash paid during the period for interest           21,130 35,021  
Cash paid during the period for taxes           7,697 16,090  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:                
Transfer of securities from held-to-maturity to available-for-sale             94,837  
Reclassification of equity and other securities             6,609  
Delayed payments of mortgage-backed securities           492 720  
Due from counterparties           82,980 47,045  
Total assets acquired from acquisition             323,914  
Value ascribed to goodwill             17,461  
Total liabilities assumed from acquisition             305,892  
Common stock issued due to acquisition of business             $ 29,320  
Common dividend declared, not paid           $ 1,196