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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 $ 31,391 $ 40,283
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit loss expense   900
Depreciation and amortization 6,021 5,117
Change in current income tax receivable 7,485 9,551
Change in deferred income taxes (1,277) 3,392
Discount accretion, net of premium amortization on securities (202) (116)
Gain on sale of mortgages, net (2,162) (2,370)
Origination of loans held for sale, net of repayments (62,542) (99,105)
Proceeds from sales of loans held for sale 69,160 97,311
Originations of mortgage servicing rights (115) (275)
Gain on sale of fixed assets (637)  
Stock-based compensation 1,576 1,427
Operating lease payments (1,637) (1,411)
Change in other assets (24,527) (49,455)
Change in other liabilities 7,423 (24,044)
Net cash provided by (used in) operating activities 29,957 (18,795)
Cash flows from investing activities:    
Proceeds from non-marketable securities 27,114 4,662
Proceeds from maturities and paydowns of investment securities available-for-sale 45,662 22,502
Proceeds from maturities and paydowns of investment securities held-to-maturity 14,367 16,201
Proceeds from sales of other real estate owned 21 249
Purchases of non-marketable securities (10,302) (35,901)
Purchases of investment securities available-for-sale (106,554) 0
Purchases of investment securities held-to-maturity 0 (2,451)
Purchases of premises and equipment, net (5,482) (6,701)
Net decrease (increase) in loans 128,793 (122,451)
Net cash provided by (used in) investing activities 93,619 (123,890)
Cash flows from financing activities:    
Net increase (decrease) in deposits 327,260 (291,138)
Net (decrease) increase in repurchase agreements and other short-term borrowings (50) 1,278
Advances from the Federal Home Loan Bank 419,610 990,000
Federal Home Loan Bank repayments (759,610) (375,000)
Issuance of stock under purchase and equity compensation plans 131 (237)
Payment of dividends (10,312) (9,532)
Net cash (used in) provided by financing activities (22,971) 315,371
Increase in cash, cash equivalents and restricted cash 100,605 172,686
Cash, cash equivalents and restricted cash at beginning of the year(1) 192,326 198,519
Cash, cash equivalents and restricted cash at end of period(1) 292,931 371,205
Supplemental disclosure of cash flow information during the period:    
Cash paid for interest 45,172 15,348
Net tax payments 76 37
Supplemental schedule of non-cash activities:    
Loans transferred from loans held for sale to loans $ 333 $ 2,337