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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 34,509 $ 39,427
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 5,405 5,265
Provision for (recovery of) loan and lease credit losses 1,836 (873)
Amortization of premium on securities, net of accretion 1,421 1,817
Deferred tax expense (benefit) 6,775 (3,984)
Originations of loans held for sale (222,557) (253,588)
Proceeds from sales of loans held for sale 349,364 182,685
Net gains on sale of loans held for sale (20,977) (11,929)
Net loss on sale of foreclosed assets 17 24
Net gain on loans accounted for under fair value option (516) (4,218)
Net increase in servicing assets (2,712) (3,826)
Net gain on disposal of long-lived asset   (114)
Net gain on disposal of property and equipment   (48)
Impairment on premises and equipment, net   904
Equity method investments (income) loss 2,124 1,157
Equity security investments (gains) losses, net 44 (105)
Renewable energy tax credit investment impairment   3,127
Stock option based compensation expense 391 344
Restricted stock expense 4,563 4,670
Stock based compensation excess tax benefit 1,119 5,152
Changes in assets and liabilities:    
Lease right-of-use assets and liabilities, net (12) (1)
Other assets (3,095) 2,699
Other liabilities (1,260) (5,406)
Net cash provided (used) by operating activities 156,439 (36,821)
Cash flows from investing activities    
Purchases of securities available-for-sale (37,837) (108,223)
Proceeds from sales, maturities, calls, and principal paydown of securities available-for-sale 47,297 65,039
Proceeds from SBA reimbursement/sale of foreclosed assets, net 333 152
Maturities of certificates of deposits with other banks 500  
Loan and lease originations and principal collections, net (243,463) (121,814)
Proceeds from sale of long-lived asset   8,988
Proceeds from sale of premises and equipment   84
Purchases of premises and equipment, net (20,036) (674)
Net cash used by investing activities (253,206) (156,448)
Cash flows from financing activities    
Net increase in deposits 525,119 603,176
Proceeds from borrowings 12,026 498,666
Repayment of borrowings (133,404) (580,291)
Stock option exercises 719 1,213
Employee stock purchase program 534 296
Withholding cash issued in lieu of restricted stock and other (2,894) (11,287)
Shareholder dividend distributions (1,312) (1,282)
Net cash provided by financing activities 400,788 510,491
Net increase in cash and cash equivalents 304,021 317,222
Cash and cash equivalents, beginning 203,750 318,320
Cash and cash equivalents, ending 507,771 635,542
Supplemental disclosures of cash flow information    
Interest paid 15,263 18,469
Income tax paid, net 8 354
Supplemental disclosures of noncash operating, investing, and financing activities    
Unrealized holding losses on available-for-sale securities, net of taxes (38,452) (12,379)
Transfers from loans and leases to foreclosed real estate and other repossessions or SBA receivable 6,692 2,246
Net transfers between foreclosed real estate and SBA receivable 72 196
Transfer of loans held for sale to loans and leases held for investment 70,649 176,285
Transfer of loans and leases held for investment to loans held for sale 110,452 24,260
Transfer from retained earnings to other assets for pro rata portion of equity method investee stock compensation expense 136 1,508
Recording of secured borrowing   5,493
Equity method investment commitments 10,971  
Equity security investment commitments $ 500 $ 1,500