XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income $ 46,311 $ 53,196
Items not requiring (providing) cash    
Credit loss expense 4,218 1,185
Depreciation and amortization 7,684 7,920
Share based compensation 2,893 2,647
Amortization of mortgage servicing rights 1,435 832
Net amortization of premiums and discounts 6,496 7,742
Loss on sale of investment securities 0 480
Gain on sale of mortgage loans (3,144) (3,372)
Proceeds from sales of loans held for sale 91,515 107,436
Loans originated for sale (89,978) (101,948)
Gain on cash value life insurance (965) (3,051)
Gain on sale of other real estate owned (74) (234)
Net change in:    
Interest receivable (656) (2,556)
Interest payable (10,849) 10,901
Other assets 12,677 (1,048)
Other liabilities (12,822) (6,174)
Net cash provided by operating activities 54,741 73,956
Investing Activities    
Purchases of securities available for sale 0 (1,435)
Proceeds from sales of securities available for sale 0 88,194
Proceeds from maturities, calls and principal repayments of securities available for sale 14,721 22,783
Purchases of securities held to maturity (312) (10,141)
Proceeds from maturities, calls and principal repayments of securities held to maturity 52,586 61,191
Net change in interest earning time deposits 1,470 605
Purchase of FHLB stock (19,317) (7,832)
Purchase of loans (240,020) (99,594)
Net change in loans (173,382) (105,373)
Proceeds on the sale of OREO and repossessed assets 1,067 2,280
Premises and equipment expenditures (3,286) (6,440)
Proceeds from bank owned life insurance 44,043 14
Net cash used in investing activities (322,430) (55,748)
Financing Activities    
Net change in deposits 62,122 (157,677)
Proceeds from borrowings 512,759 587,853
Repayment of borrowings (563,120) (378,914)
Net change in repurchase agreements (13,631) 4,622
Net settlement of share awards (840) (1,204)
Dividends paid on common stock (21,282) (21,256)
Net cash provided by financing activities (23,992) 33,424
Net Change in Cash and Cash Equivalents (291,681) 51,632
Cash and Cash Equivalents, Beginning of Period 526,515 123,505
Cash and Cash Equivalents, End of Period 234,834 175,137
Additional Supplemental Information    
Interest paid 138,505 84,403
Income taxes paid 9,505 1,554
Transfer of loans to other real estate and repossessed assets $ 1,845 $ 2,342