XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
OPERATING ACTIVITIES:        
Net Income (Loss) Attributable to Parent $ 37,559 $ 42,624 $ 39,591 $ 55,555
Adjustments to reconcile net income to net cash provided from operating activities:        
Depreciation 4,569     4,364
Deferred income and expense, net of amortization (1,594)     (608)
Capitalized loan servicing rights, net of amortization 391     592
Amortization of core deposit intangibles 723     1,050
Loss on sale of securities, net 4,903     7,252
Net change in valuation of financial instruments carried at fair value 992     552
Decrease in deferred taxes (61)     (1,158)
Increase in current taxes payable/receivable, net 6,273     10,014
Stock-based compensation 2,225     2,053
Net change in cash surrender value of BOLI (2,234)     (2,188)
Gain on sale of loans, excluding capitalized servicing rights (1,013)     (1,445)
Gain on disposal of real estate held for sale and property and equipment, net (261)     (331)
Provision for Loan, Lease, and Other Losses 520     (524)
Origination of loans held for sale (48,424)     (39,585)
Proceeds from sales of loans held for sale 66,932     48,871
Net change in:        
Other assets 1,771     8,837
Other liabilities (21,927)     (20,880)
Net cash provided from operating activities 51,466     74,737
INVESTING ACTIVITIES:        
Purchases of securities—available-for-sale 10,477     26,426
Principal repayments and maturities of securities—available-for-sale 42,740     45,774
Proceeds from sales of securities—available-for-sale 70,777     150,170
Principal repayments and maturities of securities—held-to-maturity 20,724     7,937
Loan originations, net of repayments (72,019)     (13,681)
Purchases of loans and participating interest in loans (4,666)     0
Proceeds from sales of other loans 4,522     1,519
Purchases of property and equipment (2,227)     (1,984)
Proceeds from sale of real estate held for sale and sale of other property 581     343
Proceeds from FHLB stock repurchase program 47,747     37,920
Purchase of FHLB stock 35,460     42,720
Proceeds from maturity of securities purchased under agreements to resell 0     150,000
Investment in bank-owned life insurance 0     (2)
Other (35)     (39)
Net cash provided from investing activities 62,207     308,811
FINANCING ACTIVITIES:        
Increase (decrease) in deposits, net 129,274     (465,857)
(Repayment) advances of overnight and short term FHLB advances, net (271,000)     120,000
Decrease in other borrowings, net 464     (18,235)
Cash dividends paid (16,692)     (16,739)
Taxes paid related to net share settlement of equity awards (907)     (2,787)
Net Cash Provided by (Used in) Financing Activities, Total (158,861)     (383,618)
NET CHANGE IN CASH AND CASH EQUIVALENTS (45,188)     (70)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 254,464   $ 242,992 243,062
CASH AND CASH EQUIVALENTS, END OF PERIOD 209,276 $ 254,464   242,992
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest paid in cash 53,278     10,574
Tax paid 5     43
NON-CASH INVESTING AND FINANCING TRANSACTIONS:        
Transfer of loans to real estate owned and other repossessed assets 242     0
Dividends Payable 1,106     1,110
Loans, held-for-sale, transferred from portfolio $ (15,682)     $ 0