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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 38,802,000 $ 36,340,000 $ 21,485,000
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 3,571,000 2,393,000 2,771,000
Depreciation and amortization of premises and equipment 3,448,000 2,912,000 3,560,000
Amortization of premiums on investments, net 195,000 40,000 172,000
Amortization of FDIC indemnification asset, net 2,377,000 2,181,000 3,517,000
Amortization of intangible assets 997,000 1,039,000 1,056,000
Goodwill impairment 1,492,000
Accretion on acquired loans (3,231,000) (6,391,000) (5,417,000)
Equity-based compensation expense 1,481,000 1,158,000 790,000
Issuance of common stock to 401(k) plan 411,000 352,000 415,000
Gain on sale of premises and equipment, net (75,000) (25,000) (1,000)
Provision expense and loss on sale of other real estate owned 1,253,000 1,313,000 791,000
Loss on sale of securities 43,000 618,000 661,000
Writedowns of property, plant & equipment 380,000 1,007,000 677,000
Loss on extinguishment of debt 1,096,000
Decrease in other operating activities 7,003,000 3,974,000 5,893,000
Net cash provided by operating activities 56,655,000 49,499,000 36,370,000
Investing activities      
Proceeds from sale of securities available for sale 13,898,000 8,937,000 13,664,000
Proceeds from maturities, prepayments, and calls of securities available for sale 32,863,000 68,765,000 37,155,000
Proceeds from maturities and calls of securities held to maturity 25,000,000 21,840,000
Payments to acquire securities available for sale (8,255,000) (67,355,000) (49,406,000)
Proceeds from repayments loans, net 85,233,000 39,512,000 37,455,000
Proceeds from bank owned life insurance 458,000 2,639,000
Payments for (redemption of) FHLB stock, net 129,000 (2,122,000) 694,000
Cash proceeds from mergers, acquisitions, and divestitures, net 25,863,000 10,000
(Payments to) proceeds from the FDIC (152,000) (151,000) 1,689,000
Proceeds from sale of premises and equipment 1,955,000 955,000 57,000
Payments to acquire premises and equipment (8,411,000) (2,551,000) (2,354,000)
Proceeds from sale of other real estate owned 3,254,000 2,940,000 4,363,000
Net cash provided by investing activities 171,377,000 49,398,000 67,796,000
Financing activities      
Increase in noninterest-bearing deposits, net 12,604,000 5,407,000 26,438,000
(Decrease) increase in interest-bearing deposits, net (41,445,000) (79,548,000) 62,115,000
Repayments of securities sold under agreements to repurchase, net (27,769,000) (716,000) (67,919,000)
Repayments of FHLB and other borrowings, net (50,000,000) (30,708,000)
Proceeds from stock options exercised 136,000 384,000 378,000
Payments for repurchase of common stock (16,362,000) (34,412,000) (1,263,000)
Payments of common stock dividends (15,060,000) (21,090,000) (11,563,000)
Net cash used in financing activities (87,896,000) (179,975,000) (22,522,000)
Net increase (decrease) in cash and cash equivalents 140,136,000 (81,078,000) 81,644,000
Cash and cash equivalents at beginning of period 76,873,000 157,951,000 76,307,000
Cash and cash equivalents at end of period 217,009,000 76,873,000 157,951,000
Supplemental disclosure -- cash flow information      
Cash paid for interest 5,661,000 7,935,000 8,267,000
Cash paid for income taxes 8,057,000 7,610,000 15,852,000
Supplemental transactions -- non-cash items      
Transfer of loans to other real estate 3,160,000 5,686,000 2,283,000
Loans originated to finance other real estate 484,000 164,000
Increase (decrease) in accumulated other comprehensive loss 77,000 589,000 (1,171,000)
Non-cash sales price related to divestitures 1,603,000
Fair value of assets acquired 556,005,000
Fair value of liabilities assumed 506,179,000
Net assets acquired 49,826,000
Common stock issued in acquisition $ 86,631,000