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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 12,392,000 $ 15,626,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of premiums, discounts and deferred loan fees and costs 1,109,000 497,000
Depreciation and amortization 855,000 2,138,000
Amortization of intangible assets 265,000 304,000
Amortization of operating lease right-of-use assets 661,000 652,000
Provision for loan losses 9,223,000 508,000
Loans originated for sale (14,634,000) (8,931,000)
Proceeds from sales of loans held for sale 13,694,000 10,928,000
Gains on sales of investment securities, net (342,000) 0
Change in market value of equity securities 653,000 (353,000)
Gains on sales of loans held for sale (415,000) (371,000)
Gains on other real estate and other repossessed assets (86,000) (36,000)
Losses on sales of premises and equipment 14,000 85,000
Long-term debt prepayment penalty 356,000 0
Stock-based compensation 847,000 696,000
Excess tax (deficiencies) benefits (113,000) 131,000
Increase in other assets (64,307,000) (2,590,000)
Increase in other liabilities 64,225,000 959,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 24,397,000 20,243,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net cash acquired in acquisitions 0 13,454,000
Proceeds from repayments and maturities of available for sale securities 70,134,000 42,074,000
Proceeds from repayments and maturities of held to maturity securities 8,076,000 4,153,000
Proceeds from sales of equity securities 0 1,138,000
Sales proceeds 94,696,000 0
Purchase of available for sale securities (213,062,000) (36,085,000)
Purchase of held to maturity securities 0 (8,510,000)
Purchase of equity securities (1,082,000) (95,000)
Proceeds from redemptions of Federal Home Loan Bank stock 41,450,000 25,792,000
Purchases of Federal Home Loan Bank stock (47,520,000) (27,675,000)
Net increase in loans (191,014,000) (38,506,000)
Proceeds from sales of other real estate and repossessed assets 649,000 253,000
Proceeds from dispositions and sales of premises and equipment 0 953,000
Purchases of premises and equipment (1,605,000) (1,793,000)
NET CASH USED IN INVESTING ACTIVITIES (239,278,000) (24,847,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 161,448,000 34,545,000
Increase in federal funds purchased and securities sold under agreements to repurchase 90,427,000 27,361,000
Repayments of other borrowings (25,456,000) (33,133,000)
Purchase of treasury stock (1,452,000) 0
Retirement of restricted stock (457,000) (571,000)
Dividends paid (6,364,000) (5,838,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 218,146,000 22,364,000
Net increase in cash and cash equivalents 3,265,000 17,760,000
Cash and cash equivalents, beginning of period 282,371,000 208,599,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 285,636,000 226,359,000
Supplemental schedule of non-cash investing and financing activities:    
Cash paid during the period for income taxes 368,000 230,000
Cash paid during the period for interest 12,973,000 13,001,000
Transfer of loans into other repossessed assets and other real estate owned (393,000) 102,000
Initial recognition of operating lease right-of-use assets 0 18,651,000
Initial recognition of operating lease liabilities 0 20,203,000
Non-cash assets acquired:    
Federal Home Loan Bank stock 0 1,767,000
Investment securities 0 22,734,000
Loans, including loans held for sale 0 426,118,000
Goodwill and other intangible assets, net 0 23,125,000
Other assets 0 9,304,000
Total non-cash assets acquired 0 483,048,000
Deposits 0 409,638,000
Other borrowings 0 40,957,000
Other liabilities 0 2,490,000
Total liabilities assumed 0 453,085,000
Common stock issued $ 0 $ 43,417,000