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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 68,499 $ 66,538 $ 53,117
Items not requiring (providing) cash      
Provision for loan losses 20,751 1,976 2,906
Depreciation and amortization 10,589 9,688 6,813
Share based compensation 132 215 251
Mortgage servicing rights income (737) (2,106) (2,060)
Mortgage servicing rights, net impairment 4,453 192 (60)
Premium amortization on securities, net 9,067 5,929 5,798
Loss (gain) on sale of investment securities (4,297) 75 443
Gain on sale of mortgage loans (26,721) (9,208) (6,613)
Proceeds from sales of loans 601,336 275,809 197,492
Loans originated for sale (584,065) (269,651) (188,823)
Change in cash value life insurance (2,243) (2,190) (1,912)
Loss (gain) on other real estate owned (197) (126) (209)
Net change in:      
Interest receivable (2,568) (2,101) (1,180)
Interest payable (350) 205 1,145
Other assets (13,987) 99,735 4,520
Other liabilities (897) (608) 658
Net cash provided by operating activities 78,765 174,372 72,286
Investing Activities      
Purchases of securities available for sale (590,305) (425,879) (214,706)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 318,897 248,422 123,377
Purchases of securities held to maturity 0 0 (28,374)
Proceeds from maturities of securities held to maturity 37,529 8,384 8,301
Net change in interest-earning time deposits (510) 7,289 717
Change in Federal Reserve and FHLB stock (576) (803) 32
Net change in loans (234,166) (59,420) (182,637)
Proceeds on the sale of OREO and repossessed assets 2,047 4,744 3,258
Change in premises and equipment, net (5,866) (4,612) (3,434)
Death benefit on bank owned life insurance 264 580 154
Purchases of bank owned life insurance 0 0 (10,450)
Repurchase of outstanding stock (19,636) (1,595) 0
Net cash used in investing activities (492,322) (94,145) (303,762)
Net change in:      
Deposits 600,131 50,282 258,373
Borrowings (74,725) (71,040) (13,589)
Proceeds from issuance of stock 1,390 1,705 622
Net proceeds from issuance of subordinated notes 58,824 0 0
Dividends paid on common stock (21,183) (20,835) (15,418)
Net cash provided by (used in) financing activities 564,437 (39,888) 229,988
Net Change in Cash and Cash Equivalents 150,880 40,339 (1,488)
Cash and Cash Equivalents, Beginning of Period 98,831 58,492 59,980
Cash and Cash Equivalents, End of Period 249,711 98,831 58,492
Salin      
Investing Activities      
Net cash received in acquisition $ 0 $ 128,745 $ 0