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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 20,044,000 $ 27,825,000 $ 39,455,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Net premium / discount amortization on securities 2,932,000 2,329,000 2,726,000
Securities (gains) losses, net (232,000) 25,000 (4,511,000)
Provision (release) for credit losses 4,326,000 10,413,000 1,600,000
Originations of loans held-for-sale (239,175,000) (384,379,000) (164,696,000)
Proceeds from sales of loans held-for-sale 254,374,000 388,538,000 168,472,000
Net gains on sales of mortgage loans (9,300,000) (15,519,000) (5,112,000)
Mortgage servicing rights mark to market loss (1,261,000) 3,999,000 2,662,000
Net accretion of discount on loans (1,177,000) (911,000) (1,025,000)
Net change in cash surrender value of BOLI (1,390,000) (1,233,000) (1,415,000)
Net gains on sale of other real estate owned (41,000) (204,000) (264,000)
Provision for other real estate owned valuation losses 79,000 357,000 519,000
Depreciation of fixed assets and amortization of leasehold improvements 3,152,000 2,798,000 2,462,000
Write-down of fixed assets 3,809,000    
Amortization of core deposit intangibles 644,000 494,000 539,000
Change in current income taxes receivable (9,286,000) 811,000 1,546,000
Deferred tax expense (benefit) 6,479,000 (646,000) 6,436,000
Change in accrued interest receivable and other assets 6,865,000 (17,692,000) (6,350,000)
Accretion of purchase accounting adjustment on time deposits (155,000)   (38,000)
Amortization of purchase accounting adjustment on notes payable and other borrowings (4,000) 27,000 92,000
Amortization of junior subordinated debentures issuance costs   643,000 48,000
Amortization of subordinated debentures issuance costs 64,000    
Amortization of senior notes issuance costs 105,000 105,000 112,000
Change in accrued interest payable and other liabilities (11,240,000) 6,118,000 6,863,000
Stock based compensation 1,435,000 2,089,000 2,516,000
Net cash provided by operating activities 31,047,000 25,987,000 52,637,000
Cash flows from investing activities      
Proceeds from maturities and calls, including pay down of securities available-for-sale 138,874,000 48,054,000 41,752,000
Proceeds from sales of securities available-for-sale 605,846,000 18,006,000 191,298,000
Purchases of securities available-for-sale (886,103,000) (65,229,000) (159,544,000)
Proceeds from sales of FHLBC/FRBC stock     6,875,000
Purchases of FHLBC/FRBC stock     (3,359,000)
Net change in loans 122,102,000 (103,887,000) (34,440,000)
Purchases of BOLI policies (591,000) (590,000)  
Proceeds from claims on BOLI, net of claims receivable   484,000 1,196,000
Proceeds from sales of other real estate owned, net of participations and improvements 5,828,000 3,275,000 2,779,000
Proceeds from disposition of fixed assets     32,000
Net purchases of premises and equipment (2,033,000) (3,921,000) (4,377,000)
Cash and cash equivalents acquired, net of cash paid for acquisition 148,995,000    
Net cash provided by (used in) investing activities 132,918,000 (103,808,000) 42,212,000
Cash flows from financing activities      
Net change in deposits 235,078,000 410,324,000 10,114,000
Net change in securities sold under repurchase agreements (16,643,000) 18,287,000 2,061,000
Net change in other short-term borrowings   (48,500,000) (101,000,000)
Redemption of junior subordinated debentures   (32,604,000)  
Issuance of subordinated debentures, net of issuance costs 59,148,000    
Issuance of term note   20,000,000  
Repayment of term note (4,000,000) (3,000,000)  
Net change in notes payable and other borrowings, excluding term note (315,000) (307,000) (8,798,000)
Proceeds from exercise of stock options     32,000
Dividends paid on common stock (4,612,000) (1,186,000) (1,195,000)
Purchase of treasury stock (10,417,000) (5,922,000) (666,000)
Net cash provided by (used in) financing activities 258,239,000 357,092,000 (99,452,000)
Net change in cash and cash equivalents 422,204,000 279,271,000 (4,603,000)
Cash and cash equivalents at beginning of period 329,903,000 50,632,000 55,235,000
Cash and cash equivalents at end of period 752,107,000 329,903,000 50,632,000
Supplemental cash flow information      
Income taxes paid, net 10,612,000 7,922,000 4,425,000
Interest paid for deposits 2,752,000 7,255,000 9,686,000
Interest paid for borrowings 5,366,000 5,093,000 9,073,000
Non-cash transfer of loans to other real estate owned $ 196,000 $ 898,000 $ 863,000