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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 44,347 $ 42,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 9,301 7,564
Provision for credit losses 6,500 9,000
Increase in cash surrender value of life insurance (1,658) (1,647)
Stock-based compensation expense 5,222 4,216
Asset (gains) losses, net (3,716) 1,185
Gain on sale of loans held for sale, net (16,289) (22,217)
Net change due to:    
Proceeds from sale of loans held for sale 503,405 663,466
Origination of loans held for sale (485,641) (650,660)
Accrued interest receivable and other assets (6,721) 4,781
Accrued interest payable and other liabilities (2,488) 6,200
Net cash provided by (used in) operating activities 52,262 64,272
Cash Flows From Investing Activities:    
Net decrease in loans 10,406  
Net (increase) in loans   (244,751)
Net (increase) decrease in certificates of deposit in other banks 8,561 5,719
Purchases of securities AFS (214,343) (128,661)
Purchases of securities HTM (20,996) 0
Proceeds from sales of securities AFS 15,975 14,864
Proceeds from calls and maturities of securities AFS 81,681 69,568
Purchases of other investments (4,787) (3,815)
Proceeds from sales of other investments 1,534 0
Proceeds from redemption of BOLI 0 245
Net (increase) decrease in premises and equipment (6,894) (9,708)
Net (increase) decrease in other real estate and other assets 1,046 0
Net cash (paid) received in business combination 394,868 (21,820)
Net cash provided by (used in) investing activities 267,051 (318,359)
Cash Flows From Financing Activities:    
Net increase (decrease) in deposits 199,698 617,373
Proceeds from long-term borrowings 103,953 367,841
Repayments of long-term borrowings (42,559) (32,029)
Purchase and retirement of common stock (34,440) (28,947)
Proceeds from issuance of common stock 395 482
Proceeds from exercise of stock options 1,386 1,048
Distribution to noncontrolling interest 0 (176)
Net cash provided by (used in) financing activities 228,433 925,592
Net increase (decrease) in cash and cash equivalents 547,746 671,505
Cash and cash equivalents:    
Beginning 802,859 182,059
Ending [1] 1,350,605 853,564
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 9,320 18,130
Cash paid for taxes 24,116 16,353
Transfer of loans and bank premises to other real estate owned 302 0
Capitalized mortgage servicing rights 3,191 4,038
Acquisitions:    
Fair value of assets acquired 1,544,518 0
Fair value of liabilities assumed 1,407,605 0
Net assets acquired $ 136,913 $ 0
[1] Cash and cash equivalents at both September 30, 2021 and September 30, 2020, include restricted cash of $1.9 million pledged as collateral on interest rate swaps and no reserve balance was required with the Federal Reserve Bank.