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Consolidated Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 76,912,000 $ 100,741,000
Items not requiring (providing) cash:    
Provision (benefit) for credit losses 11,513,000 (9,061,000)
Depreciation 4,264,000 4,837,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations 6,920,000 48,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries 2,504,000 464,000
Amortization of intangibles 4,156,000 4,725,000
Change in deferred taxes (774,000) 1,708,000
Proceeds from the sale of loans held for sale 264,253,000 681,946,000
Originations of loans held for sale (227,175,000) (631,573,000)
Mortgage banking gain, net (7,072,000) (13,663,000)
Loss (gain) on sale / write-down of real estate and other assets held for sale (78,000) 10,000
Loss (gain) on sale of available for sale securities 0 (2,218,000)
Loss (gain) on equity securities 1,760,000 (822,000)
Shares issued under stock option plan 53,000 0
Stock based compensation expense 1,628,000 2,383,000
Restricted stock forfeitures for taxes and option exercises (334,000) (678,000)
Income from bank owned life insurance (2,961,000) (2,975,000)
Changes in:    
Accrued interest receivable and other assets (62,582,000) (11,908,000)
Other liabilities 45,332,000 (10,957,000)
Net cash provided (used) by operating activities 118,319,000 113,007,000
Investing Activities    
Proceeds from maturities, calls and pay-downs of available-for-sale securities 76,837,000 109,756,000
Proceeds from sale of available-for-sale securities 0 158,011,000
Proceeds from sale of premises and equipment, real estate and other assets held for sale 475,000 290,000
Purchases of available-for-sale securities (122,458,000) (803,082,000)
Purchases of equity securities (2,999,000) (11,053,000)
Net change in Federal Home Loan Bank stock (16,677,000) 4,441,000
Purchases of premises and equipment, net (2,409,000) (2,025,000)
Proceeds from bank owned life insurance 0 893,000
Purchase of bank owned life insurance 0 (20,000,000)
Net (increase) decrease in loans receivable (919,634,000) 226,637,000
Net cash used in investing activities (986,865,000) (336,132,000)
Financing Activities    
Net increase in deposits and advance payments by borrowers 459,964,000 199,599,000
Net change in Federal Home Loan Bank advances 411,000,000 0
Net change in notes payable 0 18,812,000
Net cash paid for repurchase of common stock (26,868,000) (10,821,000)
Cash dividends paid on common stock (32,124,000) (28,637,000)
Net cash provided by financing activities 811,972,000 178,953,000
Increase (decrease) in cash and cash equivalents (56,574,000) (44,172,000)
Cash and cash equivalents at beginning of period 161,566,000 159,266,000
Cash and cash equivalents at end of period 104,992,000 115,094,000
Supplemental cash flow information:    
Interest paid 16,529,000 13,086,000
Income taxes paid 12,320,000 23,858,000
Initial recognition of right-of-use asset 643,000 500,000
Initial recognition of lease liability 643,000 500,000
Transfers from loans to real estate and other assets held for sale $ 0 $ 438,000