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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income $ 63,077 $ 49,370 $ 46,249
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 44,250 2,905 1,176
Depreciation 6,512 4,231 3,688
Net amortization of premium and discounts on loans, securities, deposits and debt obligations (5,157) 730 861
Amortization of mortgage servicing rights, net of impairment charges/recoveries 15,456 2,043 1,209
Amortization of intangibles 6,449 1,119 1,312
Gain on sale of loans (36,683) (7,932) (4,819)
Loss on sale or disposals or write-downs of property, plant and equipment   10 13
(Gain) loss on sale or write-down of OREO and other assets held for sale (10) 180 581
(Gain) on sale of available for sale securities (1,464) (24) (173)
Unrealized gain on equity securities (90)    
Change in deferred taxes (9,781) (419) 881
Proceeds from sale of loans held for sale 847,141 302,554 212,688
Origination of loans held for sale (967,861) (308,434) (205,884)
Stock option expense 2,312 286 420
Restricted stock vesting (1,371) 560 568
Excess tax benefit (expense) on stock compensation plans   (108) (154)
Income from bank owned life insurance (3,306) (2,158) (1,767)
Changes in:      
Accrued interest receivable and other assets (14,729) (6,916) (2,878)
Other liabilities (363) 1,688 (916)
Net cash provided by operating activities (55,618) 39,685 53,055
Investing Activities      
Proceeds from maturities, calls and paydowns of held-to-maturity securities   120 122
Proceeds from maturities, calls and paydowns of available-for-sale securities 124,731 49,104 32,620
Proceeds from sale of available-for-sale securities 52,420 2,667 5,503
Proceeds from sale of OREO 1,081 1,262 887
Proceeds from sale of office properties and equipment     14
Purchases of available-for-sale securities (362,426) (33,463) (76,647)
Purchases of equity securities (1,000)    
Purchases of office properties and equipment (5,361) (3,134) (4,168)
Investment in bank owned life insurance   (6,600)  
Proceeds from bank owned life insurance death benefit   874 337
Proceeds from sale of bank owned life insurance     17,689
Proceeds from FHLB stock redemption 8,642 2,302 1,775
Net cash received (paid) in acquisitions 52,448 (1,600)  
Proceeds from sale of non-mortgage loans 5,241 21,239 28,729
Net increase in loans receivable (417,630) (258,119) (219,885)
Net cash used in investing activities (541,854) (225,348) (213,024)
Financing Activities      
Net increase in deposits 1,098,867 249,443 183,037
Net increase advance payments by borrowers (10,035) 1,839 727
Net change in Federal Home Loan Bank advances and PPPLF (466,063) (126) 910
Proceeds from subordinated debentures 48,777    
Decrease in securities sold under repurchase agreements (2,999) (2,742) (20,278)
Cash dividends paid on common stock (32,898) (15,624) (13,043)
Net cash paid for repurchase of common stock (10,183) (15,147) (6,330)
Proceeds from exercise of stock options   189 111
Proceeds from direct treasury stock sales 18 123 104
Net cash provided by financing activities 625,484 217,955 145,238
Increase (decrease) in cash and cash equivalents 28,012 32,292 (14,731)
Cash and cash equivalents at beginning of period 131,254 98,962 113,693
Cash and cash equivalents at end of period 159,266 131,254 98,962
Supplemental cash flow information:      
Interest paid 30,536 25,348 16,198
Income taxes paid 32,390 11,200 7,950
Transfer from other liability to equity     636
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 192 337 $ 1,141
Initial recognition of right-of-use asset 10,106 8,808  
Initial recognition of lease liability 10,254 $ 9,339  
Initial recognition ASU 326 $ 2,566