XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 40,401 $ 55,738
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,253 1,274
Provision for credit losses 5,756 4,183
Deferred income taxes 1,234 2,517
Net amortization of discount/premiums on debt securities 1,027 1,070
Net amortization on loan discount/premiums 822 1,606
Amortization of intangible assets 1,047 1,239
Amortization of servicing assets 316 493
Mortgage loans originated-for-sale (7,035) (2,918)
Proceeds from mortgage loans sold 6,818 3,884
Sale of investment securities 0 (381)
Sale of SBA loans (1,394) (501)
Sale of other real estate 2 (90)
Sale of state tax credits (363) (91)
Share-based compensation 2,375 2,469
Net change in other assets and liabilities (22,370) (1,316)
Net cash provided by operating activities 29,889 69,176
Cash flows from investing activities:    
Net increase in loans (177,362) (285,158)
Sale of debt securities, available-for-sale 0 28,741
Paydown or maturity of debt securities, available-for-sale 70,141 65,725
Paydown or maturity of debt securities, held-to-maturity 1,483 2,037
Redemption of other investments 26,409 41,109
Sale of SBA loans 24,650 9,502
Sale of state tax credits held for sale 2,031 504
Sale of other real estate 207 360
Sale of fixed assets 0 43
Payments for the purchase of:    
Available-for-sale debt securities (78,702) (86,737)
Held-to-maturity debt securities (10,265) (14,602)
Other investments (35,870) (39,123)
State tax credits held for sale (270) (21)
Fixed assets (2,954) (681)
Net cash used in investing activities (180,502) (278,301)
Cash flows from financing activities:    
Net decrease in noninterest-bearing deposit accounts (153,409) (450,209)
Net increase in interest-bearing deposit accounts 230,739 775,695
Net increase in FHLB advances 125,000 0
Repayments of notes payable (11,429) (1,429)
Net decrease in other borrowings (91,154) (109,201)
Cash dividends paid on common stock (9,378) (9,328)
Cash dividends paid on preferred stock (938) (938)
Other (2,427) (1,741)
Net cash provided by financing activities 87,004 202,849
Net decrease in cash and cash equivalents (63,609) (6,276)
Cash and cash equivalents, beginning of period 433,029 291,359
Cash and cash equivalents, end of period 369,420 285,083
Supplemental Cash Flow Information [Abstract]    
Cash paid during the period for interest 70,796 27,486
Cash paid during period for income taxes 22 0
Noncash investing and financing transactions:    
Transfer to other bank owned assets 2,939 0
Right-of-use assets obtained in exchange for lease obligations $ 985 $ 564