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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net income $ 42,606 $ 30,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 5,260 4,643
Provision for loan losses 900 1,360
Increase in cash surrender value of life insurance (1,432) (1,367)
Stock-based compensation expense 3,643 3,613
Asset (gains) losses, net (8,030) (1,322)
Gain on sale of loans held for sale, net (7,042) (4,026)
Proceeds from sale of loans held for sale 255,775 184,314
Origination of loans held for sale (259,465) (178,911)
Net change in:    
Accrued interest receivable and other assets (5,020) (4,952)
Accrued interest payable and other liabilities 9,310 6,798
Net cash provided by (used in) operating activities 36,505 40,553
Cash Flows From Investing Activities:    
Net (increase) decrease in loans (74,131) (50,703)
Net (increase) decrease in certificates of deposit in other banks (4,402) 751
Purchases of securities AFS (57,875) (57,891)
Proceeds from sales of securities AFS 13,240 0
Proceeds from calls and maturities of securities AFS 38,128 40,302
Purchases of other investments (1,941) (634)
Proceeds from sales of other investments 17,144 807
Purchases of BOLI (5,000) 0
Proceeds from redemption of BOLI 1,348 561
Net (increase) decrease in premises and equipment (3,529) (2,974)
Net (increase) decrease in other real estate and other assets 15 1,486
Net cash provided by (used in) investing activities (77,003) (68,295)
Cash Flows From Financing Activities:    
Net increase (decrease) in deposits (29,691) 51,171
Repayments of long-term borrowings (20,193) (1,189)
Purchase and retirement of common stock (19,731) (17,210)
Proceeds from issuance of common stock 449 167
Proceeds from exercise of stock options 4,382 1,224
Distribution to noncontrolling interest (275) (199)
Net cash provided by (used in) financing activities (65,059) 33,964
Net increase (decrease) in cash and cash equivalents (105,557) 6,222
Cash and cash equivalents:    
Beginning 249,526 154,933
Ending [1] 143,969 161,155
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 16,682 13,294
Cash paid for taxes 11,690 9,325
Transfer of loans and bank premises to other real estate owned 1,025 587
Capitalized mortgage servicing rights 1,807 $ 696
Initial recognition of operating lease right of use asset $ 5,403  
[1] * Cash and cash equivalents include restricted cash of $6.3 million and $7.4 million at September 30, 2019 and 2018, respectively, for the reserve balance required with the Federal Reserve Bank. At September 30, 2019, cash and cash equivalents also includes restricted cash of $1.3 million pledged as collateral on interest rate swaps.