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Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Cash flows from operating activities:    
Net income $ 82,244 $ 45,453
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 4,609 4,573
Provision for credit losses 17,045 55,935
Deferred income taxes (8,813) (9,609)
Net amortization of debt securities 5,704 4,775
Amortization of intangible assets 4,199 4,256
Amortization of servicing assets 690 0
Mortgage loans originated-for-sale (120,700) (164,151)
Proceeds from mortgage loans sold 128,687 157,377
Sale of investment securities 0 (421)
Sale of other real estate (931) 13
Sale of state tax credits (437) (290)
Asset impairment 3,441 0
Share-based Payment Arrangement, Noncash Expense 4,108 3,069
Net accretion of loan discount (1,672) (5,976)
Changes in other assets and liabilities, net    
Increase (Decrease) in Other Operating Assets and Liabilities, Net (12,544) 5,243
Net cash provided by operating activities 105,630 100,247
Cash flows from investing activities:    
Proceeds from acquisition, net 212,642 0
Net decrease (increase) in loans 42,865 (800,812)
Sale of debt securities, available-for-sale 27,135 20,221
Paydown or maturity of debt securities, available-for-sale 222,993 234,267
Paydown or maturity of debt securities, held-to-maturity 42,874 25,833
Redemption of other investments 16,952 26,350
Sale of state tax credits held for sale 5,534 5,621
Sale of other real estate 5,915 652
Settlement of bank-owned life insurance policies 0 1,993
Payments for the purchase of:    
Available-for-sale debt securities (547,526) (274,677)
Other investments (7,629) (40,714)
State tax credits held for sale (6,688) (11,026)
Fixed assets, net (1,635) (1,633)
Net cash provided by (used in) investing activities 13,432 (813,925)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposit accounts 666,480 602,192
Net increase in interest-bearing deposit accounts 335,477 303,011
Net increase (decrease) in FHLB advances (160,000) 27,700
Repayments of Long-term Debt (5,714) (4,286)
Proceeds from issuance of subordinated debentures, net 0 61,953
Net decrease in other borrowings (51,597) (21,848)
Cash dividends paid on common stock (18,566) (14,176)
Payments for Repurchase of Common Stock (33,069) (15,347)
Proceeds from (Payments for) Other Financing Activities (489) (562)
Net cash provided by financing activities 732,522 938,637
Net increase in cash and cash equivalents 851,584 224,959
Cash and cash equivalents, beginning of period 537,703 167,256
Cash and cash equivalents, end of period 1,389,287 392,215
Noncash transactions:    
Cash paid during the period for interest 16,679 26,858
Income Taxes Paid, Net 45,230 7,514
Transfer to other real estate owned in settlement of loans 3,227 261
Sales of other real estate financed 228 48
Right-of-use assets obtained in exchange for lease obligations $ 4,319 $ 200
Common shares issued in connection with acquisition 343,650 0
Transfer to Investments $ 0 $ 163,592