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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:            
Net income $ 19,372   $ 21,142 $ 59,371 $ 68,691  
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization       3,843 3,791  
Deferred taxes       306 (642)  
Stock-based compensation       1,008 636  
Provision for credit losses (recovery) 2,414 $ 100 (163) 3,366 (6,919) $ (6,386)
Write-downs of other real estate owned and other repossessed assets       275 637  
Gains on sale of mortgage loans held for sale (235)   (1,239) (1,351) (5,579)  
Securities (gains)/losses       1 (60)  
Fair value adjustment in equity securities 159   62 284 10  
Gains on sale of assets, net       (211) (223)  
Proceeds from sale of mortgage loans held for sale       59,416 250,070  
Funding of mortgage loans held for sale       (56,476) (233,288)  
Amortization of securities premiums and discounts, net       4,521 5,977  
Change in cash surrender value of bank owned life insurance       (1,357) (1,094)  
Payment of operating lease liabilities       (1,325) (1,271)  
Mortgage servicing rights:            
Fair value adjustments       (1,247) (380)  
New servicing assets created       (555) (1,817)  
Changes in:            
Accrued interest receivable       (1,098) 538  
Other assets       911 4,125  
Accrued interest payable       1,485 601  
Other liabilities       1,247 (1,869)  
Net cash provided by operating activities       72,414 81,934  
Securities available-for-sale (AFS):            
Purchase of AFS securities       (178,055) (795,657)  
Proceeds from sales of AFS securities       0 1,080  
Proceeds from prepayments, calls, and maturities of AFS securities       148,494 243,420  
Change in loans, net       (221,985) 156,259  
Purchase of premises and equipment       (4,309) (1,171)  
Proceeds from sale and retirement of premises and equipment       512 830  
Proceeds from sale of stock by Federal Home Loan Bank       1,463 1,909  
Proceeds from sale of other real estate owned and repossessed assets       955 2,556  
Additional investment in other real estate owned and repossessed assets       (73) (17,825)  
Proceeds from settlement of bank owned life insurance       1 0  
Net cash used in investing activities       (252,997) (408,599)  
Cash flows from financing activities:            
Change in deposits, net       190,776 280,154  
Change in repurchase agreements and federal funds purchased, net       (40,965) (63,840)  
Proceeds from Federal Home Loan Bank advances       20,000 0  
Payments on advances from Federal Home Loan Bank       (20,015) (15)  
Payment of finance lease liabilities       (18) (14)  
Issuance of common stock       755 719  
Dividends paid       (22,077) (20,798)  
Net cash provided by financing activities       128,456 196,206  
Net decrease in cash and cash equivalents       (52,127) (130,459)  
Cash and cash equivalents at beginning of period   $ 311,756   311,756 338,235 338,235
Cash and cash equivalents at end of period $ 259,629   $ 207,776 259,629 207,776 $ 311,756
Supplemental disclosures:            
Income taxes paid       12,260 16,885  
Interest paid       14,441 10,948  
Non-cash activities:            
Loans to facilitate the sale of other real estate owned and repossessed assets       985 1,095  
Common stock dividends accrued, paid in subsequent quarter       286 247  
Real estate acquired in settlement of loans       $ 478 $ 929