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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Operating Activities          
Net income     $ 65,666 $ 46,606  
Items not requiring (providing) cash          
Provision for (recovery of) credit losses $ 1,112 $ 2,052 (13) 17,709  
Depreciation and amortization     8,085 7,539  
Share based compensation     55 105  
Mortgage servicing rights income     90 (630)  
Mortgage servicing rights net impairment     (2,142) 4,673 $ 4,500
Premium amortization on securities, net     7,279 6,649  
Gain on sale of investment securities 0 (1,088) (914) (1,675)  
Gain on sale of mortgage loans (4,088) (8,813) (14,996) (18,906)  
Proceeds from sales of loans     366,004 436,285  
Loans originated for sale     (342,281) (426,344)  
Change in cash value life insurance     (1,547) (1,677)  
Gain on sale of other real estate owned     (76) (119)  
Net change in:          
Interest receivable     (2,847) (1,628)  
Interest payable     (1,301) (581)  
Other assets     11,200 (7,048)  
Other liabilities     (3,443) 1,873  
Net cash provided by operating activities     88,819 62,831  
Investing Activities          
Purchases of securities available for sale     (820,485) (396,133)  
Proceeds from sales, maturities, calls and principal repayments of securities available for sale     250,808 237,645  
Purchases of securities held to maturity     (625,397) 0  
Proceeds from maturities of securities held to maturity     23,368 26,359  
Net change in interest earning time deposits     3,198 (758)  
Change in FHLB stock     (1,417) (576)  
Net change in loans     412,873 (394,167)  
Proceeds on the sale of OREO and repossessed assets     1,119 1,426  
Change in premises and equipment, net     (462) (4,252)  
Death benefit on bank owned life insurance     783 264  
Repurchase of outstanding stock     (7,607) (19,636)  
Net cash used in investing activities     (146,387) (549,828)  
Net change in:          
Deposits     602,357 405,287  
Borrowings     196,037 37,654  
Net change from issuance of stock     (578) 1,401  
Net proceeds from issuance of subordinated notes     0 58,824  
Dividends paid on common stock     (18,142) (15,874)  
Net cash provided by financing activities     779,674 487,292  
Net Change in Cash and Cash Equivalents     722,106 295  
Cash and Cash Equivalents, Beginning of Period     249,711 98,831 98,831
Cash and Cash Equivalents, End of Period $ 971,817 $ 99,126 971,817 99,126 $ 249,711
Additional Supplemental Information          
Interest paid     15,448 25,407  
Income taxes paid     1,225 9,825  
Transfer of loans to other real estate and repossessed assets     964 1,795  
Transfer of premises to other real estate     1,753 0  
Salin          
Investing Activities          
Net cash received in branch acquisition     $ 616,832 $ 0