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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
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income     $ 42,311 $ 41,517  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation     4,006 3,889  
Provision for loan/lease losses $ 20,342 $ 2,012 48,624 6,087  
Stock-based compensation expense     1,536 1,869  
Deferred compensation expense accrued     2,660 2,087  
Losses (gains) on other real estate owned, net     (298) 3,205  
Amortization of premiums on securities, net     728 1,339  
Caplet amortization     383    
Securities (gains) losses, net     (1,867) 56  
Loans originated for sale     (172,282) (104,824)  
Proceeds on sales of loans     170,362 97,916  
Gains on sales of residential real estate loans (1,370) (890) (3,218) (1,748)  
Gains on sales of government guaranteed portions of loans   (519)   (589)  
Loss on liability extinguishment, net 1,874 148 2,450 148  
Gains on sales of premises and equipment     (13) (67)  
Amortization of intangibles 531 560 1,628 1,706  
Accretion of acquisition fair value adjustments, net     (2,194) (3,413)  
Increase in cash value of bank-owned life insurance     (1,443) (1,441)  
Loss on sale of subsidiary 305   305    
Goodwill impairment     500    
Increase in other assets     (8,351) (1,953)  
Decrease in other liabilities     43,489 336  
Net cash provided by operating activities     129,316 46,120  
CASH FLOWS FROM INVESTING ACTIVITIES          
Net decrease in federal funds sold     9,270 17,098  
Net increase in interest-bearing deposits at financial institutions     (154,247) (57,180)  
Proceeds from sales of other real estate owned     4,353 840  
Activity in securities portfolio:          
Purchases     (255,500) (28,119)  
Calls, maturities and redemptions     38,461 9,074  
Paydowns     33,870 36,649  
Sales     28,579 33,128  
Activity in restricted investment securities:          
Purchases     (4,600) (5,682)  
Redemptions     8,843 5,006  
Proceeds from the liquidation of bank-owned life insurance     10,999    
Net increase in loans/leases originated and held for investment     (555,315) (237,286)  
Purchase of premises and equipment     (2,250) (8,755)  
Proceeds from sales of premises and equipment     94 146  
Net cash transfered in sale of subsidiary     349    
Net cash (used in) investing activities     (837,792) (235,081)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase in deposit accounts     731,374 276,960  
Net increase (decrease) in short-term borrowings     17,007 (9,091)  
Activity in Federal Home Loan Bank advances:          
Term advances     125,000 25,000  
Calls and maturities     (81,600) (35,000)  
Net change in short-term and overnight advances     (109,300) (15,965)  
Prepayments     (55,274) (30,228)  
Activity in other borrowings:          
Calls, maturities and scheduled principal payments       (11,937)  
Prepayments       (46,313)  
Paydown of revolving line of credit       (9,000)  
Prepayments on brokered and public time deposits     29,359    
Proceeds from subordinated notes     50,000 63,393  
Payment of cash dividends on common stock     (2,831) (2,822)  
Proceeds from issuance of common stock, net     1,199 1,143  
Repurchase and cancellation of shares     (3,780)    
Net cash provided by financing activities     701,154 206,140  
Net increase in cash and due from banks     (7,322) 17,179  
Cash and due from banks, beginning     76,254 85,523 $ 85,523
Cash and due from banks, ending 68,932 $ 102,702 68,932 102,702 76,254
Supplemental disclosure of cash flow information, cash payments (receipts) for:          
Interest     26,920 45,826  
Income/franchise taxes     16,713 (769)  
Supplemental schedule of noncash investing activities:          
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net     (683) 5,130  
Exchange of shares of common stock in connection with payroll taxes for restricted stock and in connection with stock options exercised     (491) (189)  
Transfers of loans to other real estate owned     51 1,049  
Due to broker for purchases of securities     8,550    
Increase in the fair value of back-to-back interest rate swap assets and liabilities     151,398 80,760  
Dividends payable     945 $ 944  
Consideration received 1,328   1,328    
Assets Sold:          
Total assets sold         11,966
Liabilities Sold:          
Total liabilities sold         $ 5,003
Net assets sold 1,633   1,633    
Loss on sale of the Bates Companies: (305)   (305)    
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Bates Companies [Member]          
Adjustments to reconcile net income to net cash provided by operating activities:          
Loss on sale of subsidiary     305    
Supplemental schedule of noncash investing activities:          
Consideration received 448   448    
Assets Sold:          
Cash and due from banks 349   349    
Premises and equipment, net 19   19    
Other assets 2,211   2,211    
Total assets sold 2,579   2,579    
Liabilities Sold:          
Other liabilities 946   946    
Total liabilities sold $ 946   946    
Forgiveness of earn-out consideration     880    
Loss on sale of the Bates Companies:     $ (305)