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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 18,660 $ 68,521
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 6,567 6,044
Net accretion on loans (2,800) (5,092)
Amortization of subordinated notes issuance costs 434 420
Amortization of junior subordinated debentures 286 274
Net (accretion) amortization on securities (435) (398)
Amortization of intangible assets 5,851 6,172
Deferred taxes 8,727 943
Credit loss expense (benefit) 5,256 3,402
Stock based compensation 6,201 12,832
Net (gains) losses on sale or call of debt securities 0 (2,514)
Net (gains) losses on equity securities (18) (9,709)
Net OREO (gains) losses and valuation adjustments 0 114
Origination of loans held for sale (1,392) (6,873)
Purchases of loans held for sale 0 (6,913)
Proceeds from sale of loans originated or purchased for sale 1,320 14,145
Net (gains) losses on sale of loans (3) (17,203)
Net change in operating leases (154) 555
(Increase) decrease in other assets (41,010) (38,471)
Increase (decrease) in other liabilities 1,472 (12,122)
Net cash provided by (used in) operating activities 8,962 14,127
Cash flows from investing activities:    
Proceeds from sales of equity securities 783 0
Purchases of securities available for sale (69,484) (79,119)
Proceeds from sales of securities available for sale 4,000 40,163
Proceeds from maturities, calls, and pay downs of securities available for sale 18,911 20,798
Proceeds from maturities, calls, and pay downs of securities held to maturity 352 424
Purchases of loans held for investment (18,842) (68,908)
Proceeds from sale of loans 43,950 207,405
Net change in loans (234,158) 215,676
Purchases of premises and equipment, net (17,901) (5,608)
Net proceeds from sale of OREO 0 289
(Purchases) redemptions of FHLB and other restricted stock, net (13,847) 3,977
Acquired intangible assets (3,042) 0
Proceeds from sale of disposal group 0 66,918
Net cash provided by (used in) investing activities (289,278) 402,015
Cash flows from financing activities:    
Net increase (decrease) in deposits 122,130 145,337
Increase (decrease) in customer repurchase agreements (340) 9,643
Increase (decrease) in Federal Home Loan Bank advances 250,000 (150,000)
Repayment of other borrowings 0 (27,144)
Preferred dividends (1,603) (1,603)
Stock option exercises, net (52) (74)
Proceeds from employee stock purchase plan common stock issuance 997 688
Purchase of treasury stock, net (81,623) (51,930)
Net cash provided by (used in) financing activities 289,509 (75,083)
Net increase (decrease) in cash and cash equivalents 9,193 341,059
Cash and cash equivalents at beginning of period 408,182 383,178
Cash and cash equivalents at end of period 417,375 724,237
Supplemental cash flow information:    
Interest paid 18,924 7,296
Income taxes paid, net 13,979 45,035
Cash paid for operating lease liabilities 2,763 1,903
Supplemental noncash disclosures:    
Loans transferred to OREO 0 47
Loans held for investment transferred to loans held for sale 38,389 197,899
Assets transferred to assets held for sale 0 80,819
Deposits transferred to deposits held for sale 0 10,434
Lease liabilities arising from obtaining right-of-use assets 3,228 5,267
Securities available for sale purchased, not settled 0 23,370
Non-cash consideration received from sale of loan portfolio or disposal group $ 0 $ 4,502