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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 56,783 $ 60,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment, and amortization 3,000 3,187
Amortization of intangible assets 2,060 3,312
Provision for credit losses on loans 4,350 13,295
Amortization of investment securities premium, net 271 572
Loss on sale of investment securities 45 164
Originations of loans for resale (25,245) (19,230)
Proceeds from sale of loans originated for resale 25,682 20,373
Gain on sale of loans (649) (501)
Change in fair market value of mortgage servicing rights 136 125
Provision for losses on foreclosed assets 262 525
Gain on transfer of loans to foreclosed assets (38) 0
Operating lease expense payments (3,147) (3,264)
Loss on disposal of fixed assets 6 18
Increase in cash value of life insurance (1,634) (1,590)
Loss on marketable and trading equity securities 149 0
Equity compensation vesting expense 2,394 1,971
Change in:    
Interest receivable 1,241 (979)
Interest payable 3,573 2,488
Amortization of operating lease ROUA 3,028 3,359
Other assets and liabilities, net (15,377) (28,354)
Net cash from operating activities 56,890 56,196
Investing activities:    
Proceeds from maturities of securities available for sale 221,664 159,494
Proceeds from maturities of securities held to maturity 10,713 15,756
Proceeds from sale of available for sale securities 28,570 24,160
Purchases of securities available for sale (53,468) (34,468)
Loan origination and principal collections, net 49,578 (71,939)
Purchases of premises and equipment (2,010) (3,238)
Net cash from investing activities 255,047 89,765
Financing activities:    
Net change in deposits 216,192 (233,648)
Net change in other borrowings (384,809) 128,109
Repurchase of common stock, net of option exercises (13,585) (9,074)
Dividends paid (21,878) (19,942)
Exercise of stock options 0 156
Net cash used by financing activities (204,080) (134,399)
Net change in cash and cash equivalents 107,857 11,562
Cash and cash equivalents, beginning of period 98,701 107,230
Cash and cash equivalents, end of period 206,558 118,792
Supplemental disclosure of noncash activities:    
Unrealized gain (loss) on securities available for sale (11,848) 17,787
Market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes 1,102 2,100
Obligations incurred in conjunction with leased assets 1,426 4,855
Loans transferred to foreclosed assets 12 0
Supplemental disclosure of cash flow activity:    
Cash paid for interest expense 64,143 25,639
Cash paid for income taxes $ 21,200 $ 35,300