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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 126,051 $ 63,077 $ 49,370
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (7,052) 44,250 2,905
Depreciation 6,306 6,512 4,231
Net amortization of premium and discounts on loans, securities, deposits and debt obligations (284) (5,157) 730
Amortization of mortgage servicing rights, net of impairment charges/recoveries 2,086 15,456 2,043
Amortization of intangibles 6,208 6,449 1,119
Mortgage banking gain, net (16,437) (36,683) (7,932)
Loss on sale or disposals or write-downs of property, plant and equipment     10
Gain/loss on sale / write-down of real estate and other assets held for sale (6) (10) 180
Gain on sale of available for sale securities (2,218) (1,464) (24)
Gain on equity securities (1,954) (90)  
Change in deferred taxes 5,393 (9,781) (419)
Proceeds from sale of loans held for sale 867,522 847,141 302,554
Origination of loans held for sale (800,887) (967,861) (308,434)
Stock based compensation expense 2,827 2,312 286
Restricted stock forfeits for taxes and option exercises (703) (1,371) 560
Excess tax benefit (expense) on stock compensation plans     (108)
Income from bank owned life insurance (5,121) (3,306) (2,158)
Changes in:      
Accrued interest receivable and other assets (5,755) (14,729) (6,916)
Other liabilities (10,813) (363) 1,688
Net cash provided by operating activities 165,163 (55,618) 39,685
Investing Activities      
Proceeds from maturities, calls and paydowns of held-to-maturity securities     120
Proceeds from maturities, calls and paydowns of available-for-sale securities 149,197 124,731 49,104
Proceeds from sale of available-for-sale securities 158,012 52,420 2,667
Proceeds from sale of OREO 488 1,081 1,262
Purchases of available-for-sale securities (806,083) (362,426) (33,463)
Purchases of equity securities (11,053) (1,000)  
Purchases of office properties and equipment (3,023) (5,361) (3,134)
Investment in bank owned life insurance (18,307) 0 (6,600)
Proceeds from bank owned life insurance death benefit 1,445 0 874
Net change in Federal Home Loan Bank stock 4,441 8,642 2,302
Net cash received (paid) in acquisitions   52,448 (1,600)
Proceeds from sale of non-mortgage loans   5,241 21,239
Net increase (decrease) in loans receivable 192,069 (417,630) (258,119)
Net cash used in investing activities (332,814) (541,854) (225,348)
Financing Activities      
Net increase in deposits and advance payments by borrowers 238,474 1,088,832 251,282
Net change in Federal Home Loan Bank advances   (466,063) (126)
Proceeds from subordinated debentures 48,893 48,777  
Decrease in securities sold under repurchase agreements   (2,999) (2,742)
Cash dividends paid on common stock (38,948) (32,898) (15,624)
Net cash paid for repurchase of common stock (29,583) (10,183) (15,147)
Proceeds from exercise of stock options 8   189
Proceeds from direct treasury stock sales   18 123
Net cash provided by financing activities 169,951 625,484 217,955
Increase (decrease) in cash and cash equivalents 2,300 28,012 32,292
Cash and cash equivalents at beginning of period 159,266 131,254 98,962
Cash and cash equivalents at end of period 161,566 159,266 131,254
Supplemental cash flow information:      
Interest paid 16,357 30,536 25,348
Income taxes paid 27,055 32,390 11,200
Transfer from other liability to equity 0    
Transfers from held to maturity securities to available for sale securities     404
Transfers from loans to other real estate owned and other assets held for sale 220 192 337
Initial recognition of right-of-use asset 500 10,106 8,808
Initial recognition of lease liability $ 500 10,254 $ 9,339
Initial recognition ASU 326   $ 2,566