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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,982 $ 11,228
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,331 1,338
Provision for credit losses 6,713 8,367
Stock-based compensation expense 841 641
Deferred compensation expense accrued 1,289 913
Losses (gains) on other real estate owned, net (1) 4
Amortization of premiums on securities, net 597 159
Caplet amortization 151 110
Mark to market gains on unhedged derivatives, net (164)  
Loans originated for sale (59,785) (34,459)
Proceeds on sales of loans 59,216 34,790
Gains on sales of residential real estate loans (1,337) (652)
Loss on liability extinguishment, net   147
Gains on sales of premises and equipment (21) (8)
Amortization of intangibles 508 549
Accretion of acquisition fair value adjustments, net (504) (625)
Increase in cash value of bank-owned life insurance (471) (329)
Goodwill impairment   500
Decrease (increase) in other assets (8,243) 5,917
Decrease in other liabilities (6,959) (21,998)
Net cash provided by operating activities 11,143 6,592
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in federal funds sold 7,730 5,105
Net decrease (increase) in interest-bearing deposits at financial institutions 32,890 (54,122)
Proceeds from sales of other real estate owned 1 827
Activity in securities portfolio:    
Purchases (53,567) (83,987)
Calls, maturities and redemptions 48,988 3,872
Paydowns 19,308 9,182
Sales 19,540  
Activity in restricted investment securities:    
Purchases (1,680) (1,874)
Redemptions 59 3,917
Net increase in loans/leases originated and held for investment (107,996) (15,596)
Purchase of premises and equipment (1,800) (798)
Proceeds from sales of premises and equipment 21 8
Net cash (used in) investing activities (36,506) (133,466)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposit accounts 32,645 259,310
Net increase in short-term borrowings 1,410 29,644
Activity in Federal Home Loan Bank advances:    
Term advances   45,000
Net change in short-term and overnight advances 10,000 (109,300)
Activity in other borrowings:    
Payment of cash dividends on common stock (947) (947)
Proceeds (payment) from issuance of common stock, net (260) 520
Repurchase and cancellation of shares   (3,780)
Net cash provided by financing activities 42,848 220,447
Net increase in cash and due from banks 17,485 93,573
Cash and due from banks, beginning 61,329 76,254
Cash and due from banks, ending 78,814 169,827
Supplemental disclosure of cash flow information, cash payments for:    
Interest 7,674 11,534
Income/franchise taxes 35 (2,134)
Supplemental schedule of noncash investing activities:    
Change in accumulated other comprehensive income, unrealized gains on securities available for sale and derivative instruments, net (1,751) (3,691)
Change in retained earnings from adoption of ASU 2016-13 (316,900)  
Transfers of loans to other real estate owned 153  
Due to broker for purchases of securities 2,568  
Net increase in cash and due from banks (100,886) 110,545
Dividends payable 949 $ 942
Accounting Standards Update 2016-13    
Supplemental schedule of noncash investing activities:    
Change in retained earnings from adoption of ASU 2016-13 $ (937)