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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 14,919,000 $ 11,784,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred loan fees and costs, premiums and discounts 314,000 392,000
Net amortization of premiums and discounts on securities 309,000 373,000
Net amortization on mortgage servicing rights (21,000) 21,000
Amortization of debt issuance costs 0 13,000
Depreciation and amortization of office properties and equipment 1,057,000 897,000
Provision for loan losses 436,000 2,000,000
Gain on securities transactions (126,000) (116,000)
Change in fair value of equity securities (176,000) 0
(Gain) on sales of loans receivable (132,000) 0
Loss on real estate owned 1,000 0
Deferred tax expense 148,000 192,000
Increase in accrued interest receivable (1,198,000) (699,000)
Increase (decrease) in other assets 6,197,000 (4,594,000)
(Increase) decrease in accrued expenses and other liabilities (3,553,000) 898,000
Income on bank-owned life insurance (1,320,000) (1,064,000)
Employee stock ownership plan expense 868,000 0
Increase in deferred compensation obligations under Rabbi Trust 30,000 0
Net cash provided by operating activities 17,753,000 10,097,000
Cash flows from investing activities:    
Proceeds from sales of equity securities 764,000 0
Proceeds from paydowns/maturities/calls of debt securities available for sale 25,942,000 21,295,000
Proceeds from paydowns/maturities/calls on debt securities held to maturity 2,925,000 1,951,000
Purchases of debt securities available for sale (65,487,000) (174,669,000)
Purchases of debt securities held to maturity (28,426,000) (16,506,000)
Proceeds from sales of loans held-for sale 8,081,000 0
Proceeds from sales of loans receivable 9,311,000 0
Purchases of loan receivable (2,313,000) (4,715,000)
Net increase in loans receivable (45,415,000) (77,126,000)
Proceeds from redemptions of Federal Home Loan Bank stock 19,017,000 27,766,000
Purchases of Federal Home Loan Bank stock (14,942,000) (12,483,000)
Additions to office properties and equipment (7,298,000) (1,984,000)
Proceeds from sales of real estate owned 91,000 0
Net cash used in investing activities (97,750,000) (236,471,000)
Cash flows from financing activities:    
Net increase in deposits 192,755,000 1,131,938,000
Proceeds from long-term borrowings 53,455,000 26,360,000
Payments on long-term borrowings (60,000,000) (90,000,000)
Net decrease in short-term borrowings (84,000,000) (276,000,000)
Increase in advance payments by borrowers for taxes and insurance 727,000 2,959,000
Net cash provided by financing activities 102,937,000 795,257,000
Net increase in cash and cash equivalents 22,940,000 568,883,000
Cash and cash equivalents at beginning of year 42,201,000 65,498,000
Cash and cash equivalents at end of period 65,141,000 634,381,000
Cash paid during the period for:    
Interest on deposits and borrowings 20,272,000 14,555,000
Income tax payments 100,000 5,910,000
Non-cash investing and financing activities:    
Securitization of loans $ 6,061,000 $ 0