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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Operating Activities          
Net income     $ 46,606 $ 47,995  
Items not requiring (providing) cash          
Provision for credit losses $ 2,052 $ 376 17,709 1,636  
Depreciation and amortization     7,539 7,064  
Share based compensation     105 165  
Mortgage servicing rights income     (630) (1,679)  
Mortgage servicing rights net impairment 1,500   4,673 59 $ 192
Premium amortization on securities, net     6,649 4,119  
(Gain) loss on sale of investment securities (1,088) 0 (1,675) 85  
Gain on sale of mortgage loans (8,813) (2,702) (18,906) (6,089)  
Proceeds from sales of loans     436,285 192,163  
Loans originated for sale     (426,344) (186,096)  
Change in cash value life insurance     (1,677) (1,624)  
Gain on sale of other real estate owned     (119) (115)  
Net change in:          
Interest receivable     (1,628) (1,555)  
Interest payable     (581) (132)  
Other assets     (7,048) 97,136  
Other liabilities     1,873 11,413  
Net cash provided by operating activities     62,831 164,545  
Investing Activities          
Purchases of securities available for sale     (396,133) (301,426)  
Proceeds from sales, maturities, calls and principal repayments of securities available for sale     237,645 200,067  
Proceeds from maturities of securities held to maturity     26,359 6,990  
Net change in interest-earning time deposits     (758) 7,289  
Change in FHLB stock     (576) (803)  
Net change in loans     (394,167) (87,905)  
Proceeds on the sale of OREO and repossessed assets     1,426 2,935  
Change in premises and equipment, net     (4,252) (3,760)  
Death benefit on bank owned life insurance     264 580  
Repurchase of outstanding stock     (19,636) (1,595)  
Net cash used in investing activities     (549,828) (48,883)  
Net change in:          
Deposits     405,287 35,237  
Borrowings     37,654 (104,251)  
Proceeds from issuance of stock     1,401 1,552  
Net proceeds from issuance of subordinated notes     58,824 0  
Dividends paid on common stock     (15,874) (15,413)  
Net cash provided by (used in) financing activities     487,292 (82,875)  
Net Change in Cash and Cash Equivalents     295 32,787  
Cash and Cash Equivalents, Beginning of Period     98,831 58,492 58,492
Cash and Cash Equivalents, End of Period $ 99,126 $ 91,279 99,126 91,279 $ 98,831
Additional Supplemental Information          
Interest paid     25,407 34,968  
Income taxes paid     9,825 1,319  
Transfer of loans to other real estate and repossessed assets     1,795 2,030  
Transfer of premises to other real estate     0 1,705  
Right-of-use assets exchanged for lease obligations     0 3,411  
Salin          
Investing Activities          
Net cash received in acquisition, Salin     $ 0 $ 128,745