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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 53,485 $ 56,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,725 4,975
Depreciation, amortization and accretion, net 6,963 10,718
Deferred income tax expense (330) 463
Gain on sale of mortgage loans held for sale (1,024) (745)
Origination of mortgage loans held for sale (51,464) (55,391)
Proceeds from sale of mortgage loans held for sale 52,106 51,673
Bank owned life insurance income (1,183) (1,108)
Loss on the disposal of premises and equipment (20) 227
Stock compensation expense 1,950 2,187
Excess tax benefit from share-based compensation arrangements (22) (530)
Net change in accrued interest receivable and other assets (3,052) (40,833)
Net change in accrued interest payable and other liabilities 8,397 15,535
Net cash provided by operating activities 68,531 43,883
Cash flows from investing activities:    
Purchases of available for sale debt securities 0 (170)
Proceeds from maturities and paydowns of available for sale debt securities 61,407 58,501
Proceeds from maturities and paydowns of held to maturity debt securities 59,286 23,303
Purchases of FHLB stock (27,087) (16,438)
Proceeds from redemption of FHLB stock 11,861 0
Net change in loans (298,460) (214,123)
Purchases of premises and equipment (5,072) (3,472)
Proceeds from sale or disposal of premises and equipment 223 411
Other investment activities (8,579) (506)
Net cash used in investing activities (206,421) (152,494)
Cash flows from financing activities:    
Net change in deposits (101,510) (182,872)
Net change in securities sold under agreements to repurchase and federal funds purchased (2,866) 7,862
Proceeds from FHLB advances 1,575,000 1,400,000
Repayments of FHLB advances (1,375,000) (1,050,000)
Repurchase of common stock (1,687) (2,380)
Cash dividends paid (17,655) (17,036)
Net cash provided by financing activities 76,282 155,574
Net change in cash and cash equivalents (61,608) 46,963
Beginning cash and cash equivalents 265,959 167,367
Ending cash and cash equivalents 204,351 214,330
Supplemental cash flow information:    
Interest paid 74,696 38,125
Income taxes paid, net of refunds 7,188 17,010
Cash paid for operating lease liabilities 2,373 2,126
Supplemental non-cash activity:    
Change in unfunded commitments in tax credit investments 9,250 49,012
Dividends payable to stockholders 201 183
Premises and equipment transferred to premises held for sale $ 0 $ 715