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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 39,260,000 $ 47,382,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 9,855,000 10,200,000
Accretion of acquired loans 0 (102,000)
Provision for credit losses 3,500,000 (900,000)
Stock-based compensation expense 2,398,000 1,725,000
Stock grants to directors for retainer fee 347,000 344,000
Proceeds from sales of mortgage loans held for sale 195,374,000 509,763,000
Origination of mortgage loans held for sale (186,881,000) (510,571,000)
Net gain from sales of mortgage loans held for sale (6,787,000) (23,551,000)
Net gain from sales and valuation write-downs of foreclosed assets (47,000) (74,000)
Net loss from sales and valuation write-downs of former bank premises 275,000 243,000
Net (gain) loss from sales and write-downs of fixed assets (18,000) 246,000
Earnings on bank owned life insurance (1,310,000) (872,000)
Change in fair value of derivative asset (23,836,000) (3,865,000)
Change in fair value of derivative liability 23,687,000 4,060,000
Gain on sale of branch 0 (1,058,000)
Net change in:    
Accrued interest receivable (4,677,000) 853,000
Other assets (407,000) (11,504,000)
Accrued interest payable and other liabilities 32,060,000 (3,150,000)
Net cash from operating activities 82,793,000 19,169,000
Cash flows from investing activities    
Loan originations and payments, net (426,842,000) (129,522,000)
Purchases of securities available for sale (91,200,000) (257,967,000)
Proceeds from maturities, calls and repayments of securities available for sale 13,262,000 77,531,000
Proceeds from sales of foreclosed assets 47,000 181,000
Proceeds from sales of former bank premises 2,994,000 270,000
Proceeds from Federal Home Loan Bank stock redemption 281,000 0
Proceeds from bank owned life insurance death benefits claim 628,000 0
Net cash transferred in branch sale 0 (2,679,000)
Net purchases of premises and equipment and lease activity (2,166,000) (4,250,000)
Net cash for investing activities (502,996,000) (316,436,000)
Cash flows from financing activities    
Net decrease in time deposits (53,239,000) (113,842,000)
Net (decrease) increase in all other deposits (183,869,000) 585,924,000
Net increase in securities sold under agreements to repurchase 1,142,000 57,485,000
Maturities of Federal Home Loan Bank advances (64,000,000) 0
Proceeds from Federal Home Loan Bank advances 28,263,000 0
Net proceeds from subordinated notes issuance 14,645,000 0
Proceeds from stock option exercises, net of cashless exercises 36,000 50,000
Employee stock purchase plan 33,000 35,000
Dividend reinvestment plan 653,000 648,000
Repurchases of common stock shares 0 (19,798,000)
Payment of cash dividends to common shareholders (14,607,000) (13,880,000)
Net cash (for) from financing activities (270,943,000) 496,622,000
Net change in cash and cash equivalents (691,146,000) 199,355,000
Cash and cash equivalents at beginning of period 975,160,000 626,006,000
Cash and cash equivalents at end of period 284,014,000 825,361,000
Supplemental disclosures of cash flows information    
Interest 15,372,000 15,826,000
Federal income tax 6,000,000 14,450,000
Noncash financing and investing activities:    
Transfers from premises and equipment to other assets 2,847,000 0
Transfers from loans to foreclosed assets $ 0 $ 30,000