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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 36,340 $ 21,485 $ 25,126
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 2,393 2,771 1,255
Depreciation and amortization of premises and equipment 2,912 3,560 3,563
Amortization of premiums on investments, net 40 172 1,066
Amortization of FDIC indemnification asset, net 2,181 3,517 5,474
Amortization of intangible assets 1,039 1,056 1,136
Goodwill, Impairment Loss 1,492
Accretion on acquired loans (6,391) (5,417) (4,766)
Gain on divestiture, net (3,682)
Equity-based compensation expense 1,158 790 531
Issuance of treasury stock to 401(k) plan 352 415 384
(Gain) loss on sale of premises and equipment, net (25) (1) 238
Loss on sale of other real estate owned 1,313 791 1,495
Loss (gain) on sale of securities 618 661 (335)
Net impairment losses recognized in earnings 4,646
Loss on extinguishment of debt 1,096
Decrease in other operating activities 4,981 6,570 6,957
Net cash provided by operating activities 49,499 36,370 43,088
Investing activities      
Proceeds from sale of securities available for sale 8,937 13,664 104,928
Proceeds from maturities, prepayments, and calls of securities available for sale 68,765 37,155 99,906
Proceeds from maturities and calls of securities held to maturity 21,840 25,190
Payments to acquire securities available for sale (67,355) (49,406) (1,174)
Proceeds from (originations of) loans, net 39,512 37,455 (159,243)
Proceeds from bank owned life insurance 458 2,639
(Redemption of) proceeds from FHLB stock, net (2,122) 694 130
Cash proceeds from mergers, acquisitions, and divestitures, net 10 29,716
(Payments to) proceeds from the FDIC (151) 1,689 4,403
Proceeds from sale of premises and equipment 955 57 1,092
Payments to acquire premises and equipment (2,551) (2,354) (1,885)
Proceeds from sale of other real estate owned 2,940 4,363 7,147
Net cash provided by investing activities 49,398 67,796 110,210
Financing activities      
Increase (decrease) in noninterest-bearing deposits, net 5,407 26,438 (17,482)
(Decrease) increase in interest-bearing deposits, net (79,548) 62,115 (37,576)
Repayments of securities sold under agreements to repurchase, net (716) (67,919) (40,609)
Repayments of FHLB and other borrowings, net (50,000) (30,708) (48)
Proceeds from stock options exercised 384 378 921
Excess tax benefit from equity-based compensation 174
Payments for repurchase of treasury stock (34,412) (1,263) (23,762)
Payments of common dividends (21,090) (11,563) (10,396)
Net cash used in financing activities (179,975) (22,522) (128,778)
Net (decrease) increase in cash and cash equivalents (81,078) 81,644 24,520
Cash and cash equivalents at beginning of period 157,951 [1] 76,307 51,787
Cash and cash equivalents at end of period 76,873 157,951 [1] 76,307
Supplemental disclosure -- cash flow information      
Cash paid for interest 7,935 8,267 9,845
Cash paid for income taxes 7,610 15,852 6,588
Supplemental transactions -- non-cash items      
Transfer of loans to other real estate 5,686 2,283 5,162
Loans originated to finance other real estate 164 57
Increase (decrease) in accumulated other comprehensive loss 589 (1,171) (3,236)
Non-cash sales price related to divestitures $ 1,603
[1] Derived from audited financial statements