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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 102,311 $ 112,974 $ 64,024
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 13,302 12,037 10,720
Net accretion on loans (8,643) (9,289) (10,711)
Amortization of subordinated notes issuance costs 843 1,224 182
Amortization of junior subordinated debentures 556 530 506
Net amortization on securities (882) (992) (129)
Amortization of intangible assets 11,922 10,876 8,330
Deferred taxes (1,779) (5,832) (2,080)
Credit loss expense (benefit) 6,925 (8,830) 38,329
Stock based compensation 21,176 20,315 4,618
Net (gains) losses on sale or call of debt securities (2,512) (5) (3,226)
Net (gains) losses on equity securities (9,850) 322 (389)
Net OREO (gains) losses and valuation adjustments 133 347 616
Origination of loans held for sale (12,024) (37,542) (60,867)
Purchases of loans held for sale (14,069) (21,746) (50,765)
Proceeds from sale of loans originated or purchased for sale 26,544 60,037 109,471
Net (gains) losses on sale of loans (18,228) (3,105) (2,816)
Net change in operating leases 190 2,242 1,054
Gain on sale of subsidiary or division 0 0 (9,758)
Contingent consideration paid 0 0 (22,000)
(Increase) decrease in other assets (35,176) (8,684) 12,215
Increase (decrease) in other liabilities (6,252) 12,080 10,003
Net cash provided by (used in) operating activities 74,487 136,959 97,327
Cash flows from investing activities:      
Purchases of securities available for sale (140,774) (58,787) (133,970)
Proceeds from sales of securities available for sale 40,163 0 70,198
Proceeds from maturities, calls, and pay downs of securities available for sale 26,339 99,152 96,768
Proceeds from maturities, calls, and pay downs of securities held to maturity 679 1,003 693
Purchases of loans held for investment (147,809) (94,314) (324,892)
Proceeds from sale of loans 232,842 87,813 165,877
Net change in loans 581,599 153,946 (632,517)
Purchases of premises and equipment, net (10,912) (14,362) (17,574)
Net proceeds from sale of OREO 438 1,253 2,111
(Purchases) redemptions of FHLB and other restricted stock, net 3,894 (3,395) 13,109
Proceeds from BOLI 0 2,273 0
Net cash (paid for) received in acquisitions 0 (96,926) (108,375)
Proceeds from sale of disposal group 85,923 0 93,835
Net cash provided by (used in) investing activities 672,382 77,656 (774,737)
Cash flows from financing activities:      
Net increase (decrease) in deposits (464,512) (69,921) 921,333
Increase (decrease) in customer repurchase agreements (1,763) (996) 1,066
Increase (decrease) in Federal Home Loan Bank advances (150,000) 75,000 (325,000)
Proceeds from other borrowings, net 0 294,854 231,370
Repayment of other borrowings (27,144) (441,346) (39,510)
Issuance of preferred stock, net of issuance costs 0 0 42,364
Preferred dividends (3,206) (3,206) (1,701)
Stock option exercises, net (74)   (227)
Stock option exercises, net   577  
Proceeds from employee stock purchase plan common stock issuance 1,548 449 0
Purchase of treasury stock (76,714) (1,241) (35,772)
Net cash provided by (used in) financing activities (721,865) (145,830) 793,923
Net increase (decrease) in cash and cash equivalents 25,004 68,785 116,513
Cash and cash equivalents at beginning of period 383,178 314,393 197,880
Cash and cash equivalents at end of period 408,182 383,178 314,393
Supplemental cash flow information:      
Interest paid 16,328 18,950 41,743
Income taxes paid, net 47,215 40,004 12,080
Cash paid for operating lease liabilities 4,052 2,296 4,236
Supplemental noncash disclosures:      
Loans transferred to OREO 47 692 1,150
Loans held for investment transferred to loans held for sale 229,105 83,975 185,823
Assets transferred to assets held for sale 80,819 0 84,077
Deposits transferred to deposits held for sale 10,434 0 0
Lease liabilities arising from obtaining right-of-use assets 5,267 19,571 1,777
Securities available for sale purchased, not settled 7,960 0 0
Non-cash consideration received from sale of loan portfolio or disposal group 5,529 0 0
Indemnification Asset      
Supplemental noncash disclosures:      
Indemnification reduction $ 0 $ 35,633 $ 0