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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 31,454 $ 84,750
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 10,212 9,979
Net accretion on loans (4,203) (6,631)
Amortization of subordinated notes issuance costs 654 630
Amortization of junior subordinated debentures 434 414
Net (accretion) amortization on securities (665) (609)
Amortization of intangible assets 8,700 9,085
Deferred taxes 6,313 524
Credit loss expense (benefit) 6,068 6,048
Stock based compensation 9,915 17,128
Net (gains) losses on sale or call of debt securities (5) (2,514)
Net (gains) losses on equity securities 119 (9,575)
Net OREO (gains) losses and valuation adjustments 0 133
Origination of loans held for sale (3,584) (10,402)
Purchases of loans held for sale 0 (6,913)
Proceeds from sale of loans originated or purchased for sale 3,435 17,673
Net (gains) losses on sale of loans (206) (18,310)
Net change in operating leases (199) 272
(Increase) decrease in other assets (39,816) (37,308)
Increase (decrease) in other liabilities (10,672) 9,107
Net cash provided by (used in) operating activities 17,954 63,481
Cash flows from investing activities:    
Proceeds from sales of equity securities 783 0
Purchases of securities available for sale (69,483) (117,440)
Proceeds from sales of securities available for sale 14,005 40,163
Proceeds from maturities, calls, and pay downs of securities available for sale 21,054 23,562
Proceeds from maturities, calls, and pay downs of securities held to maturity 451 578
Purchases of loans held for investment (18,842) (133,674)
Proceeds from sale of loans 45,940 207,406
Net change in loans (288,762) 285,854
Purchases of premises and equipment, net (19,935) (8,522)
Net proceeds from sale of OREO 0 438
(Purchases) redemptions of FHLB and other restricted stock, net (3,849) 3,933
Acquired intangible assets (3,042) 0
Proceeds from sale of disposal group 0 85,923
Net cash provided by (used in) investing activities (321,680) 388,221
Cash flows from financing activities:    
Net increase (decrease) in deposits 315,715 (194,494)
Increase (decrease) in customer repurchase agreements (340) 11,360
Increase (decrease) in Federal Home Loan Bank advances 0 (150,000)
Repayment of other borrowings 0 (27,144)
Preferred dividends (2,404) (2,404)
Stock option exercises, net (52) (74)
Proceeds from employee stock purchase plan common stock issuance 1,831 1,548
Purchase of treasury stock, net (81,623) (51,943)
Net cash provided by (used in) financing activities 233,127 (413,151)
Net increase (decrease) in cash and cash equivalents (70,599) 38,551
Cash and cash equivalents at beginning of period 408,182 383,178
Cash and cash equivalents at end of period 337,583 421,729
Supplemental cash flow information:    
Interest paid 30,893 11,416
Income taxes paid, net 14,019 45,035
Cash paid for operating lease liabilities 4,149 2,691
Supplemental noncash disclosures:    
Loans transferred to OREO 0 47
Loans held for investment transferred to loans held for sale 46,625 197,899
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 14,976
Non-cash consideration received from sale of loan portfolio or disposal group $ 0 $ 5,529