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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Condensed Consolidated Statements of Cash Flows [Abstract]    
Net Income $ 22,037 $ 4,810
Adjustments to Reconcile Net Income to Net Cash From Operating Activities    
Proceeds from sales of loans held for sale 392,844 241,856
Disbursements for loans held for sale (365,381) (227,765)
Provision for credit losses [1] (474)  
Provision for credit losses [1]   6,721
Deferred income tax expense (benefit) 2,067 (1,925)
Net deferred loan fees (costs) 2,982 (358)
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time 3,158 1,795
Net gains on mortgage loans (12,828) (8,840)
Net gains on securities available for sale (1,416) (253)
Share based compensation 442 547
Increase in accrued income and other assets (8,461) 5,095
Increase in accrued expenses and other liabilities 95 599
Total Adjustments 13,028 17,472
Net Cash From Operating Activities 35,065 22,282
Cash Flow Used in Investing Activities    
Proceeds from the sale of securities available for sale 78,179 21,743
Proceeds from maturities, prepayments and calls of securities available for sale 107,834 42,744
Purchases of securities available for sale (367,654) (103,901)
Proceeds from the maturity of interest bearing deposits - time 0 350
Net increase in portfolio loans (loans originated, net of principal payments) (52,939) (22,432)
Proceeds from the sale of portfolio loans 0 2,395
Proceeds from bank-owned life insurance 0 945
Proceeds from the sale of other real estate and repossessed assets 733 328
Capital expenditures (1,947) (760)
Net Cash Used in Investing Activities (235,794) (58,588)
Net Cash From Financing Activities    
Net increase in total deposits 221,220 46,837
Net increase (decrease) in other borrowings (6) 6,296
Proceeds from Federal Home Loan Bank advances 0 160,000
Payments of Federal Home Loan Bank advances 0 (153,000)
Dividends paid (4,592) (4,477)
Proceeds from issuance of common stock 19 11
Repurchase of common stock (3,601) (13,784)
Share based compensation withholding obligation (509) (590)
Net Cash From Financing Activities 212,531 41,293
Net Increase in Cash and Cash Equivalents 11,802 4,987
Cash and Cash Equivalents at Beginning of Period 118,705 65,304
Cash and Cash Equivalents at End of Period 130,507 70,291
Cash paid during the period for    
Interest 1,669 5,489
Income taxes 0 0
Operating leases 439 476
Transfers to other real estate and repossessed assets 133 66
Purchase of securities available for sale not yet settled 7,212 10,497
Securitization of portfolio loans 0 26,325
Right of use assets obtained in exchange for lease obligations $ 0 $ 116
[1] Beginning January 1, 2021, calculation is based on CECL methodology. Prior to January 1, 2021, calculation was based on the probable incurred loss methodology.