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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 112,974 $ 64,024 $ 58,544
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 12,037 10,720 8,135
Net accretion on loans (9,289) (10,711) (5,568)
Amortization of subordinated notes issuance costs 1,224 182 116
Amortization of junior subordinated debentures 530 506 483
Net amortization on securities (992) (129) 205
Amortization of intangible assets 10,876 8,330 9,131
Deferred taxes (5,832) (2,080) 3,931
Credit loss expense (benefit) (8,830) 38,329 7,942
Stock based compensation 20,315 4,618 3,654
Net (gains) losses on sale or call of securities (5) (3,226) (61)
Net (gains) losses on equity securities 322 (389) (393)
Origination of loans held for sale (37,542) (60,867) (32,570)
Purchases of loans held for sale (21,746) (50,765) (30,486)
Proceeds from sale of loans originated for sale 60,037 109,471 63,080
Net gains on sale of loans (1,859) (3,585) (653)
Net (gains) losses on loans transferred to loans held for sale (1,247) 770 (1,669)
Net OREO (gains) losses and valuation adjustments 347 616 (351)
Net change in operating leases 2,242 1,054 181
Gain on sale of subsidiary or division 0 (9,758) 0
Contingent consideration paid 0 (22,000) 0
(Increase) decrease in other assets (8,684) 12,215 (14,991)
Increase (decrease) in other liabilities 12,081 10,002 3,790
Net cash provided by (used in) operating activities 136,959 97,327 72,450
Cash flows from investing activities:      
Purchases of securities available for sale (58,787) (133,970) (80,459)
Proceeds from sales of securities available for sale 0 70,198 40,617
Proceeds from maturities, calls, and pay downs of securities available for sale 99,152 96,768 129,382
Proceeds from maturities, calls, and pay downs of securities held to maturity 1,003 693 993
Purchases of loans held for investment (94,314) (324,892) (129,428)
Proceeds from sale of loans 87,813 165,877 47,832
Net change in loans 153,946 (632,517) (506,816)
Purchases of premises and equipment, net (14,362) (17,574) (21,338)
Net proceeds from sale of OREO 1,253 2,111 2,762
(Purchases) redemptions of FHLB and other restricted stock, net (3,395) 13,109 (3,917)
Proceeds from BOLI 2,273 0 0
Cash paid for acquisitions, net of cash acquired (96,926) (108,375) 0
Proceeds from sale of subsidiary or division, net 0 93,835 0
Net cash provided by (used in) investing activities 77,656 (774,737) (520,372)
Cash flows from financing activities:      
Net increase (decrease) in deposits (69,921) 921,333 339,557
Increase (decrease) in customer repurchase agreements (996) 1,066 (2,452)
Increase (decrease) in Federal Home Loan Bank advances 75,000 (325,000) 100,000
Proceeds from Paycheck Protection Program Liquidity Facility borrowings 226,630 231,370 0
Repayment of Paycheck Protection Program Liquidity Facility borrowings (391,346) (39,510) 0
Proceeds from issuance of subordinated notes, net 68,224 0 38,282
Repayment of subordinated notes (50,000) 0 0
Issuance of common stock, net of issuance costs 0 0 0
Issuance of preferred stock, net of issuance costs 0 42,364 0
Stock option exercises 577 (227) 0
Proceeds from employee stock purchase plan common stock issuance 449 0 0
Purchase of treasury stock (1,241) (35,772) (64,524)
Dividends on preferred stock (3,206) (1,701) 0
Net cash provided by (used in) financing activities (145,830) 793,923 410,863
Net increase (decrease) in cash and cash equivalents 68,785 116,513 (37,059)
Cash and cash equivalents at beginning of period 314,393 197,880 234,939
Cash and cash equivalents at end of period 383,178 314,393 197,880
Supplemental cash flow information:      
Interest paid 18,950 41,743 52,006
Income taxes paid, net 40,004 12,080 17,748
Cash paid for operating lease liabilities 2,296 4,236 4,196
Supplemental noncash disclosures:      
Loans transferred to OREO 692 1,150 3,360
Loans transferred to loans held for sale 83,975 185,823 46,163
Assets transferred to assets held for sale 0 84,077 0
Lease liabilities arising from obtaining right-of-use assets 19,571 1,777 2,557
Indemnification reduction $ 35,633 $ 0 $ 0