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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 23,718 $ 20,622
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,921 1,609
Provision for loan losses 1,050 1,750
Share-based compensation expense 430 292
Deferred income tax benefit (336) (164)
Loans originated for sale (13,710) (11,197)
Proceeds from sale of loans 13,292 11,057
Gain (Loss) on Sales of Loans, Net (270) (208)
Realized securities gains, net (1,535) (828)
Loss on disposal of assets 213 2
Gain (Loss) on Disposition of Business (1,906) 0
Write-downs of foreclosed properties 1,578 458
Amortization of securities premiums, net 1,826 2,698
Amortization (accretion) related to acquisitions, net (842) (393)
Amortization of intangibles 1,300 1,261
Earnings on cash surrender value of bank owned life insurance (830) (850)
Decrease (increase) in accrued interest receivable 434 (301)
Decrease in other assets 221 115
Increase in other liabilities 2,935 2,172
Net cash provided by operating activities 29,489 28,095
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 1,766 1,050
Proceeds from Sale of Debt Securities, Available-for-sale 133,174 92,048
Principal payments received on securities available for sale 18,501 19,770
Payments to Acquire Debt Securities, Available-for-sale 63,504 81,929
Purchases of other investments (12,035) (9,922)
Proceeds from redemptions of other investments 14,332 9,665
Net loan originations (118,893) (42,807)
Purchases of premises and equipment (7,238) (4,288)
Proceeds from Sale of Property, Plant, and Equipment 11 12
Improvements to property held for sale (88) (1,118)
Proceeds from sales of repossessed assets & property held for sale 2,789 1,723
Proceeds from Divestiture of Businesses 7,117 0
Cash Acquired from Acquisition 20,589 0
Net cash used in investing activities (3,479) (15,796)
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 45,706 53,110
Net increase (decrease) in time deposits 39,621 (2,485)
Net decrease in short-term borrowings (102,390) (12,096)
Repayment of long-term borrowings (13) (45,012)
Proceeds from issuance of common stock, net of issuance costs 98 179
Payments for Repurchase of Common Stock 10,405 0
Proceeds from Stock Options Exercised 7 29
Dividends paid on common stock (5,504) (4,821)
Net cash used in financing activities (32,880) (11,096)
(Decrease) increase in cash and cash equivalents (6,870) 1,203
Cash and cash equivalents:    
Beginning 59,540 [1] 52,631
Ending 52,670 53,834
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 22,548 18,199
Income taxes 6,080 5,674
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 4,060 1,542
Noncash or Part Noncash Acquisition, Other Assets Acquired 100,377 0
Noncash or Part Noncash Acquisition, Other Liabilities Assumed $ 114,151 $ 0
[1] Derived from audited consolidated financial statements