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Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 203,043 $ 133,055 $ 74,384
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 5,573 6,147 6,152
Provision (benefit) for credit losses (611) 13,385 65,398
Deferred income taxes 2,194 545 (12,578)
Net amortization of debt securities 5,639 7,343 6,745
Net amortization (accretion) on loans 266 (1,140) (7,767)
Amortization of intangible assets 5,367 5,690 5,673
Amortization of servicing assets 3,066 2,311 37
Mortgage loans originated-for-sale (67,470) (159,670) (223,094)
Proceeds from mortgage loans sold 73,014 163,864 217,934
Investment securities 0 0 (421)
Other real estate 93 (931) 13
Fixed assets (54) 0 0
State tax credits (1,506) (2,220) (2,016)
Asset impairment 0 3,441 0
Share-based compensation 8,006 6,017 4,178
Changes in other assets and liabilities, net (19,980) (17,262) 876
Net cash provided by operating activities 216,640 160,575 135,514
Cash flows from investing activities:      
Net cash paid for acquisitions and dispositions 0 212,642 62,114
Net (increase) decrease in loans (722,677) 138,455 (700,096)
Sale of debt securities, available-for-sale 0 27,135 20,221
Paydown or maturity of debt securities, available-for-sale 238,909 306,360 329,350
Paydown or maturity of debt securities, held-to-maturity 11,913 49,947 41,377
Redemption of other investments 12,989 18,159 43,555
Sale of state tax credits held-for-sale 20,645 18,507 14,252
Sale of other real estate 2,517 5,915 652
Sale of fixed assets 1,699 0 0
Settlement of bank-owned life insurance policies 534 0 1,993
Payments for the purchase of:      
Available-for-sale debt securities (728,247) (779,481) (452,541)
Held-to-maturity debt securities (182,004) 0 0
Other investments (19,286) (9,564) (50,421)
State tax credits held-for-sale (18,846) (8,689) (11,026)
Fixed assets (1,930) (2,500) (2,259)
Net cash used in investing activities (1,383,784) (23,114) (702,829)
Cash flows from financing activities:      
Net increase in noninterest-bearing deposit accounts 64,296 869,203 627,756
Net (decrease) increase in interest-bearing deposit accounts (578,945) 648,778 505,604
Proceeds from the issuance of subordinated notes 0 0 61,953
Payments for the redemption of subordinated notes 0 (50,000) 0
Net increase (decrease) in short term FHLB advances, net 100,000 (160,000) (172,300)
Repayments of long-term FHLB advances (50,000) 0 0
Repayment of PPPLF advances 0 0 (86,096)
Repayments of notes payable (5,714) (7,143) (4,286)
Net (decrease) increase in other borrowings (24,030) 59,925 40,195
Dividends paid on common stock (33,602) (26,153) (19,795)
Repurchase of common stock (32,923) (60,589) (15,347)
Dividends paid on preferred stock (4,041) 0 0
Proceeds from issuance of preferred stock, net 0 71,988 0
Other, net 1,773 516 78
Net cash (used in) provided by financing activities (563,186) 1,346,525 937,762
Net (decrease) increase in cash and cash equivalents (1,730,330) 1,483,986 370,447
Cash and cash equivalents, beginning of period 2,021,689 537,703 167,256
Cash and cash equivalents, end of period 291,359 2,021,689 537,703
Supplemental disclosures of cash flow information:      
Cash paid during the period for interest 40,736 23,957 35,423
Cash paid during the period for income taxes 46,009 56,845 7,514
Noncash investing and financing transactions:      
Real Estate Owned, Transfer to Real Estate Owned 0 3,227 798
Sales of other real estate financed 0 228 48
Transfer of securities from available-for-sale to held-to-maturity 116,927 0 352,665
Transfer from fixed assets to loans 0 0 3,336
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 9,512 $ 5,658 $ 1,623
Shares issued in connection with acquisition (in shares) 0 343,650 167,035