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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Operating Activities          
Net income     $ 42,595 $ 26,294  
Items not requiring (providing) cash          
Provision for (recovery of) credit losses $ (1,492) $ 7,057 (1,125) 15,657  
Depreciation and amortization     5,394 4,909  
Share based compensation     42 77  
Mortgage servicing rights income     340 (466)  
Mortgage servicing rights net impairment     (1,843) 3,201 $ 4,500
Premium amortization on securities, net     4,573 4,266  
Gain on sale of investment securities 0 (248) (914) (587)  
Gain on sale of mortgage loans (5,612) (6,620) (10,908) (10,093)  
Proceeds from sales of loans     256,395 258,207  
Loans originated for sale     (239,177) (259,939)  
Change in cash value life insurance     (1,013) (1,111)  
Gain on sale of other real estate owned     19 7  
Net change in:          
Interest receivable     (306) (1,357)  
Interest payable     (282) (709)  
Other assets     11,569 1,811  
Other liabilities     (4,581) 661  
Net cash provided by operating activities     60,778 40,828  
Investing Activities          
Purchases of securities available for sale     (700,359) (207,160)  
Proceeds from sales, maturities, calls and principal repayments of securities available for sale     125,616 126,826  
Proceeds from maturities of securities held to maturity     14,617 16,138  
Net change in interest earning time deposits     1,971 (792)  
Change in FHLB stock     0 (1,161)  
Net change in loans     347,010 (340,505)  
Proceeds on the sale of OREO and repossessed assets     873 444  
Change in premises and equipment, net     997 (2,913)  
Death benefit on bank owned life insurance     266 233  
Repurchase of outstanding stock     0 (19,636)  
Net cash used in investing activities     (209,009) (428,526)  
Net change in:          
Deposits     250,493 376,597  
Borrowings     (35,719) 33,458  
Net change from issuance of stock     (578) 671  
Net proceeds from issuance of subordinated notes     0 58,824  
Dividends paid on common stock     (11,505) (10,548)  
Net cash provided by financing activities     202,691 459,002  
Net Change in Cash and Cash Equivalents     54,460 71,304  
Cash and Cash Equivalents, Beginning of Period     249,711 98,831 98,831
Cash and Cash Equivalents, End of Period $ 304,171 $ 170,135 $ 304,171 $ 170,135 $ 249,711