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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 22,496 $ 11,768
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,435 4,009
Depreciation and amortization 2,199 2,232
Net amortization (accretion) of premium (discount) on investment securities 1,122 (146)
Amortization of core deposit intangible 1,578 1,865
Accretion of discount on retained SBA loans (506) (565)
Deferred tax expense 204 620
Originations of loans held for sale (3,796) (13,828)
Proceeds from loans held for sale 2,209 10,945
Net gains on sale of loans held for sale (155) (790)
Gain on sale of investment securities (5)  
Loss on sale of other real estate owned 3 1
Gain on sale of premises and equipment (124)  
Fair value adjustment on SBA servicing asset 424 429
Stock-based compensation 485 558
Increase in cash surrender value of BOLI (192) (177)
Net change in operating assets and liabilities:    
Net change in accrued interest receivable 2,112 (4,968)
Net change in accrued interest payable (440) (233)
Net change in other assets (7,351) 73
Net change in other liabilities 3,381 484
Net cash provided by operating activities 26,079 12,277
Cash Flows From Investing Activities:    
Purchases of investment securities available for sale (755,341) (33,995)
Sales of investment securities available for sale 6,914  
Paydown and maturities of investment securities available for sale 519,820 41,451
Purchase of FHLB and other bank stock (16) (82)
Sale of FHLB and other bank stock   2,696
Proceeds from the sale of loans held for investment 45,193 50,208
Net change in loans 66,135 (453,767)
Proceeds from the sale of other real estate owned 130 34
Purchase of premises and equipment (730) (4,043)
Proceeds from the sale of premises and equipment 1,092  
Net cash received from branch sale 60  
Net cash (paid) in business combination   (129,461)
Purchase of BOLI (15,000)  
Net cash used in investing activities (131,743) (526,959)
Cash Flows From Financing Activities:    
Net change in deposits 117,994 347,192
Proceeds from long-term borrowings 51,000 105,780
Repayment of long-term borrowings (172,136) (26,429)
Proceeds from short-term borrowings   23,753
Repayment of short-term borrowings (10,000) (13,753)
Net change in secured borrowings (1,832) (1,415)
Common stock dividends (3,068)  
Purchase of treasury stock (1,096) (11,489)
Exercise of stock options and warrants 1,867 430
Net cash (used in) provided by financing activities (17,271) 424,069
Net Change in Cash and Cash Equivalents (122,935) (90,613)
Cash and Cash Equivalents at Beginning of Period 263,034 325,957
Cash and Cash Equivalents at End of Period 140,099 235,344
Supplemental Disclosures of Cash Flow Information:    
Interest paid 6,826 9,712
Income taxes paid 7,300 2,000
Supplemental disclosure of noncash investing and financing activities:    
Transfer of loans to other real estate owned and repossessed assets $ 140 125
Fair value of assets acquired in business combination, excluding cash   259,416
Goodwill recorded   11,456
Liabilities assumed in business combination   $ 141,412

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