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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net income $ 27,092 $ 29,048 $ 28,540 $ 7,942 $ 83,804 $ 63,384  
Adjustments to reconcile net income to net cash provided by operating activities:              
Provision for credit losses 2,775   4,803   7,750 6,882  
Depreciation, amortization and accretion, net         15,356 15,729  
Deferred income tax expense (benefit)         (883) 3,303  
Gain on sale of mortgage loans held for sale (505)   (166)   (1,251) (670)  
Origination of mortgage loans held for sale         (86,100) (111,026)  
Proceeds from sale of mortgage loans held for sale         83,422 118,639  
Bank owned life insurance income [1] (569)   (516)   (1,677) (1,052)  
Gain on the disposal of premises and equipment [1] (302)   (3,074)   (75) (3,046)  
Loss on other real estate owned         250 5  
Stock compensation expense         3,219 3,285  
Excess tax benefit from share-based compensation arrangements         (579) (1,142)  
Net change in accrued interest receivable and other assets         (106,238) (8,635)  
Net change in accrued interest payable and other liabilities         79,409 (14,539)  
Net cash provided by operating activities         76,407 71,117  
Cash flows from investing activities:              
Purchases of available for sale debt securities         (6,025) (180,902)  
Proceeds from sales of acquired available for sale debt securities       2,000 0 2,111  
Proceeds from maturities and paydowns of available for sale debt securities         106,806 112,078  
Purchases of held to maturity debt securities         0 (459,183)  
Proceeds from maturities and paydowns of held to maturity debt securities         28,196 164,512  
Purchase of bank owned life insurance         0 (30,000)  
Purchases of FHLB stock         (28,800) 0  
Proceeds from redemption of FHLB stock         13,487 2,883  
Net change in non-PPP loans         (428,674) (332,133)  
Purchases of premises and equipment         (5,536) (15,294)  
Proceeds from sale or disposal of premises and equipment         1,732 13,517  
Other investment activities         (12,339) 0  
Proceeds from sales of other real estate owned         0 6,656  
Cash from acquisition, net of cash paid         0 349,456  
Net cash (used in) provided by investing activities         (317,387) (245,034)  
Cash flows from financing activities:              
Net change in deposits         11,555 (406,883)  
Net change in securities sold under agreements to repurchase and federal funds purchased         (16,719) (18,524)  
Proceeds from FHLB advances         700,000 0  
Repayments of FHLB advances         (400,000) 0  
Repayment of acquired line of credit         0 (3,200)  
Share repurchases related to compensation plans         (2,382) (3,574)  
Cash disbursements to non-controlling interest         0 (328)  
Cash dividends paid         (25,804) (24,845)  
Net cash (used in) provided by financing activities         266,650 (457,354)  
Net change in cash and cash equivalents         25,670 (631,271)  
Beginning cash and cash equivalents   $ 167,367   $ 961,192 167,367 961,192 $ 961,192
Ending cash and cash equivalents $ 193,037   $ 329,921   193,037 329,921 $ 167,367
Supplemental cash flow information:              
Interest paid         64,963 8,281  
Income taxes paid, net of refunds         28,460 9,614  
Cash paid for operating lease liabilities         3,111 2,746  
Supplemental non-cash activity:              
Unfunded commitments in tax credit investments         100,046 6,886  
Dividends payable to stockholders         212 204  
Premises and equipment transferred to premises held for sale         715 10,355  
Fair value of assets acquired         0 1,403,509  
Cash paid in acquisition         0 30,994  
Common stock issued in acquisition         0 133,825  
Non-controlling interest of acquired entity         0 3,094  
Total consideration paid         0 167,913  
Liabilities assumed         0 1,235,596  
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member]              
Cash flows from investing activities:              
Net change in PPP loans         $ 13,766 $ 121,265  
[1] Outside of the scope of ASC 606.