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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 18,475 $ 18,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,918 3,132
Accretion of fair value purchase accounting adjustments, net (552) (2,397)
Provision for loan and lease losses 2,256 62
Stock compensation expense 710 363
Deferred income tax expense 328 147
Increase in cash surrender value of bank owned life insurance (918) (797)
Net losses from sale and write downs of other real estate owned 59 170
Net gains from mortgage banking (1,305) (2,244)
Origination of loans held for sale (42,712) (65,896)
Proceeds from sales of loans held for sale 47,413 75,528
Net gain from sale of fixed assets (253)  
Net change in:    
Accrued interest receivable (1,597) 1,309
Accrued interest payable (224) (218)
Other assets (12,081) (1,015)
Other liabilities 13,890 4,503
Net cash provided by operating activities 28,407 31,181
Cash flows from investing activities:    
Proceeds from maturities, calls and paydowns 21,247 27,264
Purchases of securities available-for-sale (266,872) (65,180)
Proceeds from maturities, calls and paydowns 634  
Purchases of securities held-to-maturity (50,575)  
Proceeds from sales of other investments   290
Purchase of other investments (75) (80)
Purchases of bank owned life insurance   (40,000)
Net increase in loans and leases (299,793) (31,545)
Proceeds from sale of fixed assets 1,278  
Purchase of premises and equipment (7,358) (1,633)
Proceeds from sale of other real estate owned 108 1,662
Net cash (paid) received from business combination   (59,381)
Net cash used in investing activities (601,406) (168,603)
Cash flow from financing activities:    
Net increase in deposits 260,000 334,410
Net (decrease) in securities sold under agreements to repurchase (36) (1,969)
Repayment borrowings (75,000) (396)
Cash dividends paid (2,360) (1,813)
Issuance of common stock 263 194
Repurchases of common stock   (1,208)
Net cash provided by financing activities 182,867 329,218
Net change in cash and cash equivalents (390,132) 191,796
Cash and cash equivalents, beginning of period 1,045,077 481,719
Cash and cash equivalents, end of period 654,945 673,515
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 6,267 6,205
Net cash paid/received during the period for income taxes 3,640 7,720
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure   151
Transfer of securities from available-for-sale to held-to-maturity $ 162,378  
Change in goodwill due to acquisitions and sale of a portfolio of loans   $ 2,723