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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,308 $ 43,078
Adjustments to reconcile net income to net cash provided by operations:    
Provision for credit loss expense 5,639 5,189
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 5,256 5,075
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (2,246) (1,251)
Net amortization of deferred costs on borrowings 227 101
Accretion of deferred PPP processing fees (1,870) (6,817)
Net realized gains on sales of available-for-sale securities (651) 0
Net realized and unrealized (gains) losses on equity securities 1,433 (477)
Gain on sale of loans held for sale (1,176) (2,315)
Net losses on dispositions of premises and equipment and foreclosed assets 40 245
Proceeds from sale of loans receivable 25,435 67,739
Origination of loans held for sale (30,838) (69,311)
Income on bank owned life insurance (1,895) (1,548)
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) (883) (454)
Restricted stock compensation expense 1,013 1,124
Stock-based contribution expense 84 75
Increase in accrued interest receivable and other assets (20,953) (2,870)
Increase in accrued interest payable, lease liabilities, and other liabilities 12,359 1,070
NET CASH PROVIDED BY OPERATING ACTIVITIES 38,282 38,653
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 59,673 124,140
Proceeds from sales of available-for-sale securities 22,164 0
Purchase of available-for-sale securities (48,383) (290,130)
Proceeds from maturities, prepayments and calls of held-to-maturity securities 20,235 0
Purchases of held-to-maturity securities (213,853) 0
Purchase of equity securities (302) (292)
Proceeds from loans held for sale previously classified as portfolio loans 0 1,627
Net increase in loans receivable (380,348) (126,411)
Purchase of bank owned life insurance (2,750) (22,000)
Proceeds from death benefit of bank owned life insurance policies 3,273 1,390
Purchase of FHLB, other equity, and restricted equity interests (647) (1,241)
Purchase of premises and equipment (8,278) (5,358)
Proceeds from the sale of premises and equipment and foreclosed assets 47 591
NET CASH USED BY INVESTING ACTIVITIES (549,169) (317,684)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in checking, money market and savings accounts (29,444) 451,405
Net decrease in certificates of deposit (62,364) (39,521)
Purchase of treasury stock (1,671) (161)
Cash dividends paid, common stock (8,861) (8,601)
Cash dividends paid, preferred stock (3,226) (3,226)
Proceeds from common stock offering, net of issuance costs 94,051 0
Proceeds from issuance of subordinated notes, net of issuance costs 0 83,491
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES (11,515) 483,387
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (522,402) 204,356
CASH AND CASH EQUIVALENTS, Beginning 732,198 532,694
CASH AND CASH EQUIVALENTS, Ending 209,796 737,050
Cash paid during the period for:    
Interest 13,878 15,296
Income taxes 12,743 9,846
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 520 1,450
Transfers from loans held for sale to loans held for investment 6,352 9,335
Transfers from loans held for investment to loans held for sale 0 2,484
Transfers from available-for-sale to held-to-maturity 220,757 0
Grant of restricted stock awards from treasury stock 986 1,285
Grant of performance based restricted stock awards from treasury stock 173 262
Restricted stock forfeiture 30 0
Contribution of stock from treasury stock 0 0
Lease liabilities arising from obtaining right-of-use assets 9,066 0
Treasury Stock    
SUPPLEMENTAL NONCASH DISCLOSURES:    
Contribution of stock from treasury stock $ 44 $ 81