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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 59,425 $ 60,555 $ 39,466
Adjustments to reconcile net income to net cash:      
Net depreciation amortization and accretion 4,338 5,063 4,603
Provision for loan losses 10,116 3,816 9,488
Stock-based compensation 7,836 4,821 3,312
Net change in deferred loan fees 5,374 2,332 296
Deferred income tax (benefit) expense (4,000) (120) 290
(Gain) loss on sale of securities   (609) (3,286)
(Gain) loss on sale of loans     190
Dividends earned on CRA fund (33) (22) (41)
Unrealized (gain) loss on equity securities 258 62 (48)
Net change in:      
Receivable from global payments, net (45,741) (12,605) (15,678)
Third-party debit cardholder balances 1,732 (6,983) 16,227
Other assets 3,407 6,167 (5,121)
Other liabilities 43,179 (25,200) 37,572
Net cash provided by (used in) operating activities 85,891 37,277 87,270
Cash flows from investing activities      
Loan originations, purchases and payments, net (1,113,963) (618,323) (476,419)
Proceeds from loans sold   16,622 11,476
Redemptions of other investments 20,030 7 10,980
Purchases of other investments (30,142) (407) (1,140)
Purchase of securities available-for-sale (33,776) (484,793) (234,366)
Purchase of securities held-for-investment (173,625) (383,619)  
Proceeds from sales and calls of securities available-for-sale   43,241 141,422
Proceeds from paydowns of securities available-for-sale 76,728 124,118 64,973
Proceeds from paydowns of securities held-to-maturity 44,643 4,152 932
Purchase of derivative contract     (2,980)
Purchase of premises and equipment, net (19,245) (3,995) (3,913)
Net cash provided by (used in) investing activities (1,229,350) (1,302,997) (489,035)
Cash flows from financing activities      
Proceeds from issuance of common stock, net   162,687  
Proceeds from issuance of Federal funds purchased 150,000    
Proceeds from FHLB advances 975,100 150  
Repayments of FHLB advances (875,100) (150) (144,000)
Proceeds from exercise of stock options 194    
Redemption of common stock for tax withholdings for restricted stock vesting (1,559) (3,385) (881)
Redemption of subordinated debt (24,712)    
Proceeds from (repayments of) secured borrowings, net (24,736) (4,503) (6,008)
Net increase (decrease) in deposits (1,157,660) 2,605,966 1,027,739
Net cash provided by (used in) financing activities (958,473) 2,760,765 876,850
Increase (decrease) in cash and cash equivalents (2,101,932) 1,495,045 475,085
Cash and cash equivalents at the beginning of the period 2,359,350 864,305 389,220
Cash and cash equivalents at the end of the period 257,418 2,359,350 864,305
Cash paid for:      
Interest 31,599 16,249 18,693
Income Taxes $ 35,304 24,165 19,085
Non-cash item:      
Transfer of loans from held-for-investment to held-for-sale   $ 17,492 $ 1,716