XML 138 R123.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 56,271 $ 36,845 $ 66,865
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 764 351  
Net gain on sales of foreclosed assets (505) (348) (1,048)
Net cash provided by operating activities 43,100 31,255 89,092
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of securities (513,838) (523,559) (73,117)
Proceeds from sale of foreclosed assets 5,805 2,079 5,460
Net cash paid for acquisition of NXT Bancorporation, Inc. (4,771)    
Net cash (used in) provided by investing activities (349,609) (380,450) 115,340
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of subordinated notes, net of issuance costs   39,211  
Issuance of common stock, net of issuance costs     138,493
Repurchase of common stock (4,906)    
Net cash provided by (used in) financing activities 403,326 377,675 (107,340)
NET CHANGE IN CASH AND EQUIVALENTS 96,817 28,480 97,092
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 312,451 283,971 186,879
CASH AND CASH EQUIVALENTS AT END OF PERIOD 409,268 312,451 283,971
Reportable Legal Entities | Consolidated HBT      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 56,271 36,845 66,865
Adjustments to reconcile net income to net cash provided by operating activities:      
Undistributed earnings of consolidated subsidiaries (41,227) (22,426) 41,353
Stock-based compensation 764 351  
Amortization of discount and issuance costs on subordinated notes and debentures 144 92 66
Net gain on sales of foreclosed assets (74)    
Changes in other assets and liabilities, net (2,231) 1,633 (1,912)
Net cash provided by operating activities 13,647 16,495 106,372
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital contribution to bank subsidiary     (17,000)
Capital contribution to non-bank subsidiary     (100)
Purchase of securities (48) (17)  
Proceeds from sale of foreclosed assets 74    
Net cash paid for acquisition of NXT Bancorporation, Inc. (10,411)    
Net cash (used in) provided by investing activities (10,385) (17) (17,100)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of subordinated notes, net of issuance costs   39,211  
Issuance of common stock, net of issuance costs     138,493
Repurchase of common stock (4,906)    
Cash dividends and dividend equivalents paid (16,753) (16,518) (224,956)
Net cash provided by (used in) financing activities (21,659) 22,693 (86,463)
NET CHANGE IN CASH AND EQUIVALENTS (18,397) 39,171 2,809
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 44,149 4,978 2,169
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 25,752 $ 44,149 $ 4,978