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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:        
Net (loss) income $ (6,593) $ 14,272 $ 7,037  
Adjustments to reconcile net (loss) income to net cash provided by operating activities        
Provision for credit losses 15,761 (2,976) 2,098  
Reversal of provision for loan repurchases (600) (360) (116)  
Depreciation on premises and equipment 4,524   2,683  
Amortization of intangible assets 429 454 620  
Amortization of debt issuance costs 58   29  
Net amortization of premium on securities 77   286  
Net amortization of deferred loan costs and fees 587   289  
Accretion of discounts on purchased loans (8)   (97)  
Deferred income tax expense 573   1,785  
Bank owned life insurance income (578) (599) (525)  
Share-based compensation expense 1,576   853  
Loss on interest rate swaps 182   98  
Loss on investments in alternative energy partnerships and affordable housing investments 3,052   2,587  
Impairment on capitalized software projects 157   38  
Fair value adjustment for loans held for sale 1,586 (30) (1)  
Net loss (gain) on sale of loans 27 863 (1,552)  
Net gain on sale of securities available for sale 0 (3) (208)  
Loss on sale or disposal of property and equipment 106   4  
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 822   2,139  
Change in accrued interest receivable and other assets (5,865)   (4,864)  
Change in accrued interest payable and other liabilities (8,824)   5,353  
Net cash provided by operating activities 7,049   18,536  
Cash flows from investing activities:        
Proceeds from sales of securities available-for-sale 0   502,606  
Proceeds from maturities and calls of securities available-for-sale 30,000   19,078  
Proceeds from principal repayments of securities available-for-sale 602   7,969  
Purchases of securities available-for-sale (147,410)   0  
Loan originations and principal collections, net 282,116   (100,702)  
Redemption of Federal Home Loan Bank stock 11,490   23,341  
Purchase of Federal Home Loan Bank and other bank stock (9,307)   (11,041)  
Proceeds from sale of loans 0   245,013  
Proceeds from sale of other real estate owned 0   489  
Purchases of premises and equipment (2,487)   (3,748)  
Payments of capital lease obligations (134)   (86)  
Funding of equity investment (4,437)   (574)  
Increase in investments in alternative energy partnerships (3,177)   0  
Net cash provided by investing activities 157,256   682,345  
Cash flows from financing activities:        
Net increase (decrease) in deposits 135,671   (191,712)  
Net decrease in short-term Federal Home Loan Bank advances (193,000)   (585,000)  
Repayment of long-term Federal Home Loan Bank advances (24,000)   0  
Redemption of preferred stock (1,612)   0  
Purchase of treasury stock (12,041)     $ 0
Purchase of restricted stock surrendered due to employee tax liability (299)   (79)  
Dividend equivalents paid on stock appreciation rights (94)   (202)  
Dividends paid on preferred stock (3,533)   (4,308)  
Dividends paid on common stock (2,877)   (6,467)  
Net cash used in financing activities (101,785)   (787,768)  
Net change in cash and cash equivalents 62,520   (86,887)  
Cash and cash equivalents at beginning of period 373,472   391,592  
Cash and cash equivalents at end of period 435,992 $ 373,472 304,705 $ 391,592
Supplemental cash flow information        
Interest paid on deposits and borrowed funds 20,331   39,436  
Income taxes paid 0   2,372  
Supplemental disclosure of non-cash activities        
Transfer from loans to other real estate owned, net 0   276  
Transfer of loans held-for-investment to loans held-for-sale 0   243,364  
Equipment acquired under capital leases 30   30  
Operating lease right of use assets recognized 0   26,365  
Operating lease liabilities recognized 0   27,766  
Impact of adoption of ASU No. 2016-13 $ (4,503)   $ 0