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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 10,187 $ 2,518
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (500) 4,180
Provision for deferred taxes (1,851) 127
Depreciation 1,166 996
Deferred loan (costs) fees, net (152) 3,823
Accretion on discount of purchased loans, net (85) (216)
Stock based compensation, net 1,108 1,119
Increase in cash surrender value of life insurance (487) (440)
Discount on retained portion of sold loans, net (26) (176)
Loss on sale of investment securities, net   70
Increase in accrued interest receivable and other assets 1,050 (2,167)
Decrease in accrued interest payable and other liabilities 321 2,929
Net cash from operating activities 10,731 12,763
Cash flows from investing activities:    
Purchase of investment securities (36,548) (35,403)
Proceeds from sales of investment securities   7,729
Proceeds from principal payments on investment securities 8,848 5,425
Purchase of loans (20,008) (24,289)
Net decrease (increase) in loans 87,092 (382,916)
Purchase of low income tax credit investments (565) (941)
Purchase of Federal Home Loan Bank stock (1,344) (363)
Purchase of premises and equipment (165) (3,261)
Purchase of bank-owned life insurance policies (42) (821)
Net cash used in investing activities 37,268 (434,840)
Cash flows from financing activities:    
Net increase in customer deposits 209,848 448,996
Paydown of long term borrowing, net (109,507)  
Proceeds from short term and overnight borrowings   342,703
Proceeds from issuance of subordinated debt, net 34,240 19,700
Proceeds from exercised stock options, net (47) 230
Net cash provided by financing activities 134,534 811,629
Increase in cash and cash equivalents 182,533 389,552
Cash and cash equivalents, beginning of period 418,517 114,342
Cash and cash equivalents, end of period 601,050 503,894
Supplemental disclosure of cash flow information:    
Recording of right to use assets and operating lease liabilities   2,903
Cash paid during the year for:    
Interest 5,490 10,097
Income taxes $ 4,684 $ 164