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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 12,020 $ 11,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Net premium / discount amortization on securities 1,809 534
Release of provision for credit losses   (3,000)
Originations of loans held-for-sale (32,739) (78,284)
Proceeds from sales of loans held-for-sale 30,791 85,914
Net gains on sales of mortgage loans (1,495) (3,721)
Mortgage servicing rights mark to market loss (2,978) (1,113)
Net accretion of discount on loans (2,382) (520)
Net change in cash surrender value of BOLI (124) (334)
Net gains on sale of other real estate owned (49) (20)
Provision for other real estate owned valuation losses   6
Depreciation of fixed assets and amortization of leasehold improvements 1,086 765
Amortization of core deposit intangibles 665 120
Change in current income taxes receivable 2,955 3,557
Deferred tax expense (benefit) 1,458 668
Change in accrued interest receivable and other assets 902 2,200
Accretion of purchase accounting adjustment on time deposits (424)  
Amortization of senior and subordinated debentures issuance costs 47 26
Change in accrued interest payable and other liabilities (12,011) (3,401)
Stock based compensation 747 114
Net cash provided by operating activities 278 15,390
Cash flows from investing activities    
Proceeds from maturities and calls, including pay down of securities available-for-sale 75,650 7,259
Purchases of securities available-for-sale (266,250) (109,708)
Purchases of FHLBC/FRBC stock (8,717)  
Net change in loans 21,900 75,858
Proceeds from sales of other real estate owned, net of participations and improvements 118 325
Proceeds from disposition of fixed assets 1,250  
Net purchases of premises and equipment (487) (343)
Net cash used in investing activities (176,536) (26,609)
Cash flows from financing activities    
Net change in deposits 78,917 119,469
Net change in securities sold under repurchase agreements (16,816) 10,341
Repayment of term note (1,000) (1,000)
Net change in notes payable and other borrowings, excluding term note (81) (78)
Dividends paid on common stock (2,192) (293)
Purchase of treasury stock   (6,178)
Net cash provided by financing activities 58,828 122,261
Net change in cash and cash equivalents (117,430) 111,042
Cash and cash equivalents at beginning of period 752,107 329,903
Cash and cash equivalents at end of period $ 634,677 $ 440,945