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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Cash flows from operating activities:    
Net income $ 45,453 $ 63,649
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 4,573 4,187
Provision for credit losses 55,935 5,031
Deferred income taxes (9,609) 4,777
Net amortization of debt securities 4,775 2,009
Amortization of intangible assets 4,256 3,993
Gain (Loss) on Sale of Debt Investments (421) (45)
Mortgage loans originated-for-sale (164,151) (39,260)
Proceeds from mortgage loans sold 157,377 33,503
Sale of other real estate 13 (59)
Sale of state tax credits (290) (469)
Share-based Payment Arrangement, Noncash Expense 3,069 3,016
Net accretion of loan discount (5,976) (8,101)
Changes in other assets and liabilities, net    
Increase (Decrease) in Other Operating Assets and Liabilities, Net 5,243 (5,661)
Net cash provided by operating activities 100,247 66,570
Cash flows from investing activities:    
Payments for Previous Acquisition 0 (23,377)
Net increase in loans (800,812) (197,514)
Sale of debt securities, available-for-sale 20,221 314,189
Paydown or maturity of debt securities, available-for-sale 234,267 95,386
Paydown or maturity of debt securities, held-to-maturity 25,833 4,760
Redemption of other investments 26,350 43,034
Sale of state tax credits held for sale 5,621 3,978
Sale of other real estate 652 4,380
Proceeds from Life Insurance Policy 1,993 0
Payments for the purchase of:    
Available-for-sale debt securities (274,677) (467,695)
Other investments (40,714) (61,226)
State tax credits held for sale (11,026) (9,666)
Fixed assets, net (1,633) (4,008)
Net cash used in investing activities (813,925) (297,759)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposit accounts 602,192 25,653
Net increase (decrease) in interest-bearing deposit accounts 303,011 (70,446)
Proceeds from FHLB advances, net 27,700 384,500
Proceeds from Issuance of Long-term Debt 0 41,000
Repayments of Long-term Debt (4,286) (6,286)
Proceeds from Issuance of Subordinated Long-term Debt 61,953 0
Net decrease in other borrowings (21,848) (58,530)
Cash dividends paid on common stock (14,176) (12,055)
Payments for Repurchase of Common Stock (15,347) (11,817)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture (562) (880)
Net cash provided by financing activities 938,637 291,139
Net increase in cash and cash equivalents 224,959 59,950
Cash and cash equivalents, beginning of period 167,256 196,552
Cash and cash equivalents, end of period 392,215 256,502
Noncash transactions:    
Cash paid during the period for interest 26,858 49,862
Income Taxes Paid, Net 7,514 12,955
Transfer to other real estate owned in settlement of loans 261 7,964
Sales of other real estate financed 48 0
Right-of-use assets obtained in exchange for lease obligations $ 200 $ 0
Common shares issued related to acquisition 0 171,885
Transfer to Investments $ 163,592 $ 0