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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities:        
Net income $ 19,728   $ 23,618  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 1,286   1,265  
Deferred taxes 307   (643)  
Stock-based compensation 484   213  
Provision for credit losses (recovery) 875 $ 500 (2,499) $ (6,386)
Write-downs of other real estate owned and other repossessed assets 246   154  
Gains on sale of mortgage loans held for sale (597)   (2,433)  
Securities gains 0   (60)  
Fair value adjustment in equity securities (99)   228  
Gains on sale of assets, net (5)   (214)  
Proceeds from sale of mortgage loans held for sale 26,257   109,014  
Funding of mortgage loans held for sale (24,969)   (101,070)  
Amortization of securities premiums and discounts, net 1,801   1,893  
Change in cash surrender value of bank owned life insurance (434)   (337)  
Payment of operating lease liabilities (469)   (445)  
Mortgage servicing rights:        
Fair value adjustments (745)   (780)  
New servicing assets created (229)   (736)  
Changes in:        
Accrued interest receivable 391   630  
Other assets 627   1,634  
Accrued interest payable 290   122  
Other liabilities 2,605   2,152  
Net cash provided by operating activities 27,350   31,706  
Securities available-for-sale (AFS):        
Purchase of AFS securities (176,730)   (304,167)  
Proceeds from sales of AFS securities 0   1,080  
Proceeds from prepayments, calls, and maturities of AFS securities 48,630   129,804  
Change in loans, net (106,591)   15,747  
Purchase of premises and equipment (1,072)   (403)  
Proceeds from sale and retirement of premises and equipment 0   812  
Proceeds from sale of stock by Federal Home Loan Bank 0   77  
Proceeds from sale of other real estate owned and repossessed assets 486   762  
Proceeds from settlement of bank owned life insurance 1   0  
Net cash used in investing activities (235,276)   (156,288)  
Cash flows from financing activities:        
Change in deposits, net 84,012   217,690  
Change in repurchase agreements and federal funds purchased, net (16,465)   (1,627)  
Payments on advances from Federal Home Loan Bank (5)   (5)  
Payment of finance lease liabilities (6)   (3)  
Issuance of common stock 248   238  
Dividends paid (7,129)   (6,841)  
Net cash provided by financing activities 60,655   209,452  
Net increase (decrease) in cash and cash equivalents (147,271)   84,870  
Cash and cash equivalents at beginning of period 311,756   338,235 338,235
Cash and cash equivalents at end of period 164,485 $ 311,756 423,105 $ 311,756
Supplemental disclosures:        
Income taxes paid 50   87  
Interest paid 3,205   3,847  
Non-cash activities:        
Loans to facilitate the sale of other real estate owned and repossessed assets 597   381  
Common stock dividends accrued, paid in subsequent quarter 250   242  
Real estate acquired in settlement of loans $ 137   $ (136)