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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net income $ 85,122 $ 57,829
Reconciliation of net income to net cash provided by operating activities:    
Total provision for credit losses 1,588 31,008
Net security premium amortization 9,930 2,832
Loan discount accretion (6,199) (4,789)
Other purchase accounting accretion and amortization, net 98 55
Foreclosed property (gains) losses and write-downs, net 7 284
Gains on securities available for sale 0 (8,024)
Other (gains) losses (1,533) 157
(Decrease) increase in net deferred loan fees (309) 7,380
Bank-owned life insurance income (1,945) (1,904)
Depreciation of premises and equipment 4,434 4,392
Amortization of operating lease right-of-use assets 1,107 1,522
Repayments of lease obligations (1,034) (1,392)
Stock-based compensation expense 1,764 2,013
Amortization of intangible assets 2,437 2,961
Amortization of SBA servicing assets 1,605 1,231
Fees/gains from sale of presold mortgages and SBA loans (15,895) (15,266)
Origination of presold mortgage loans in process of settlement (243,737) (294,270)
Proceeds from sales of presold mortgage loans in process of settlement 277,394 290,657
Origination of SBA loans for sale (73,510) (117,412)
Proceeds from sales of SBA loans 72,219 82,998
Decrease (increase) in accrued interest receivable 850 (2,998)
Decrease (increase) in other assets 596 (5,550)
Increase in net deferred income tax asset (42) (8,638)
Decrease in accrued interest payable (295) (849)
(Decrease) increase in other liabilities (3,476) 9,818
Net cash provided by operating activities 111,176 34,045
Cash Flows From Investing Activities    
Purchases of securities available for sale (1,128,880) (701,201)
Purchases of securities held to maturity (213,485) (69,899)
Proceeds from maturities/issuer calls of securities available for sale 252,668 156,108
Proceeds from maturities/issuer calls of securities held to maturity 11,246 26,989
Proceeds from sales of securities available for sale 0 219,697
Redemptions of FRB and FHLB stock, net 1,792 9,853
Purchases of bank owned life insurance (25,000) 0
Net increase in loans (125,083) (327,496)
Proceeds from sales of foreclosed properties 2,847 1,880
Purchases of premises and equipment (8,847) (8,983)
Proceeds from sales of premises and equipment 218 189
Net cash received (paid) from sale/(purchase) of business 11,314 (9,559)
Net cash used by investing activities (1,221,210) (702,422)
Cash Flows From Financing Activities    
Net increase in deposits 1,159,204 1,128,951
Net decrease in short-term borrowings 0 (148,000)
Proceeds from long-term borrowings 0 150,000
Payments on long-term borrowings (1,198) (252,003)
Cash dividends paid – common stock (16,527) (15,798)
Repurchases of common stock (4,036) (28,701)
Payment of taxes related to stock withheld (506) (178)
Net cash provided by financing activities 1,136,937 834,271
Increase in cash and cash equivalents 26,903 165,894
Cash and cash equivalents, beginning of period 367,290 231,302
Cash and cash equivalents, end of period 394,193 397,196
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 7,447 17,094
Cash paid during the period for income taxes 25,602 21,302
Non-cash: Unrealized (loss) gain on securities available for sale, net of taxes (12,505) 18,143
Non-cash: Foreclosed loans transferred to other real estate 2,249 1,032
Non-cash: Initial recognition of operating lease right-of-use assets and operating lease liabilities 2,191 253
Non-cash: Equity issued related to acquisitions 0 494
Non-cash: Loans acquired 0 14,633
Non-cash: Other assets acquired 0 451
Non-cash: Borrowings assumed 0 11,671
Non-cash: Derecognition of intangible assets related to sale of insurance operations $ (10,229) $ 0