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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 120,939 $ 62,346 $ 12,574
Adjustments to reconcile net income to net cash provided by operating activities:      
(Reversal of) provision for credit losses (31,542) 6,854 29,719
Reversal of provision for loan repurchases (1,004) (948) (697)
Depreciation and amortization on premises, equipment and operating lease right-of-use assets 15,346 19,278 16,298
Amortization of intangible assets 1,705 1,276 1,518
Amortization of debt issuance cost 1,809 1,757 972
Net amortization of premium and discount on securities 402 1,574 1,145
Net amortization (accretion) of deferred loan costs (fees) and purchased premiums (discounts) 64 (348) (3,455)
Write-off of other assets related to naming rights termination, net 0 0 6,669
Debt extinguishment fee 0 0 2,515
Deferred income tax expense (benefit) 19,078 5,844 (9,259)
Bank owned life insurance income (3,402) (2,871) (2,489)
Share-based compensation expense 6,197 5,295 5,781
(Income) loss on interest rate swaps (216) (295) 200
Loss on investments in alternative energy partnerships and affordable housing investments 7,258 4,023 4,888
Net loss (gain) on sale of securities available-for-sale 7,692 0 (2,011)
Gain on sale-leaseback transactions (771) (841) 0
Repurchase of mortgage loans (1,503) (1,853) 0
Proceeds from sales of and principal collected on loans held-for-sale 45 29 19,325
Change in accrued interest receivable and other assets 4,687 1,947 19,173
Change in accrued interest payable and other liabilities (10,662) 2,672 (28,004)
Net cash provided by operating activities 136,122 105,739 74,862
Cash flows from investing activities:      
Proceeds from sales of securities available-for-sale 128,795 0 22,729
Proceeds from maturities and calls of securities available-for-sale 38,500 191,230 46,100
Proceeds from principal repayments of securities held-to-maturity and available-for-sale 38,117 35,629 12,132
Purchases of securities available-for-sale (162,744) (312,710) (371,092)
Net cash (used) acquired in business combinations (10,332) 475,562 0
Loan originations and principal collections, net 975,298 411,035 327,554
Purchases of loans (814,302) (825,537) (285,337)
Redemption of Federal Home Loan Bank stock 6,143 8,334 24,296
Purchases of Federal Home Loan Bank and other bank stock (18,603) (562) (9,382)
Proceeds from sale of loans held-for-sale 0 15,189 0
Proceeds from sale of other real estate owned 0 3,618 1,078
Purchase of mortgage servicing rights (22,726) 0 0
Additions to premises and equipment (4,119) (2,810) (5,092)
Proceeds from sale-leaseback transactions 2,400 3,913 0
Payments of finance lease obligations 0 (100) (532)
Funding of equity investments (9,064) (10,749) (27,832)
Net decrease (increase) in investments in alternative energy partnerships 2,165 2,293 (1,537)
Net cash provided by (used in) investing activities 149,528 (5,665) (266,915)
Cash flows from financing activities:      
Net (decrease) increase in deposits (318,091) 68,921 658,633
Net decrease in short-term Federal Home Loan Bank advances (50,000) (65,000) (425,000)
Repayment of long-term Federal Home Loan Bank advances 0 0 (335,000)
Proceeds from long-term Federal Home Loan Bank advances 300,000 0 111,000
Debt extinguishment and financing fees paid 0 0 (9,368)
Net (decrease) increase in other borrowings (25,000) 25,000 0
Net proceeds from issuance of long-term debt 0 0 82,570
Redemption of preferred stock (98,703) (93,269) (4,379)
Purchase of common stock (75,080) 0 (12,041)
Proceeds from exercise of stock options 0 300 0
Purchase of stock surrendered to pay tax liability (1,786) (7,557) (923)
Dividend equivalents paid on stock appreciation rights 0 0 (376)
Dividends paid on preferred stock (1,727) (8,322) (13,869)
Dividends paid on common stock (14,490) (12,843) (11,847)
Net cash (used in) provided by financing activities (284,877) (92,770) 39,400
Net change in cash and cash equivalents 773 7,304 (152,653)
Cash and cash equivalents at beginning of year 228,123 220,819 373,472
Cash and cash equivalents at end of year 228,896 228,123 220,819
Supplemental cash flow information      
Interest paid on deposits and borrowed funds 53,140 36,292 66,014
Income taxes paid 23,547 16,003 762
Supplemental disclosure of non-cash activities      
Transfer from loans to other real estate owned, net 0 3,253 1,116
Transfer of loans held-for-investment to loans held-for-sale 0 15,205 0
Reclassification of securities from securities available-for-sale to held-to-maturity 329,416    
Operating lease right of use assets received in exchange for lease liabilities 2,060 17,201 3,289
Fair value of stock consideration 7,200 222,195 0
Fair value of net assets acquired 5,810 168,227 0
Impact of adoption of ASU 2016-13 on retained earnings $ 959,618 $ 1,065,290 $ 897,207