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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income $ 20,106 $ 17,129
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 200 4,150
Loans originated for sale (22,355) (29,008)
Gain on sale of loans (2,022) (1,441)
Proceeds from sales of loans 22,037 27,081
Net gains on sales of securities available-for-sale (274) (966)
Earnings on bank owned life insurance (112) (115)
Stock compensation expense 212 129
Director stock compensation expense 810
Change in deferred loan fees 843 6,988
Amortization and accretion of security premiums and discounts 736 488
Amortization of subordinated notes issuance costs 27 33
Depreciation and amortization 265 208
Net changes in:    
Interest receivable and other assets (5,950) (1,582)
Interest payable and other liabilities 7,246 (286)
Net cash provided by operating activities 21,769 22,808
Cash Flows from Investing Activities:    
Proceeds on sale of available-for-sale securities 16,182 32,234
Maturities, prepayments, and calls of securities available-for-sale 7,822 7,769
Purchases of securities available-for-sale (69,070) (32,641)
Increase in time deposits in banks 4,254 8,363
Loan originations, net of repayments (78,562) (339,713)
Purchase of premises and equipment (245) (421)
Purchase of FHLB stock (491) (1,152)
Purchase of bank owned life insurance (2,300)
Net cash used in investing activities (122,410) (325,561)
Cash Flows from Financing Activities:    
Net change in deposits 282,284 647,065
Proceeds from issuance of stock 111,243
FHLB repayment (25,000)
Cash dividends paid (46,775) (11,614)
Net cash provided by financing activities 346,752 610,451
Net change in cash and cash equivalents 246,111 307,698
Cash and cash equivalents at beginning of period 290,493 177,366
Cash and cash equivalents at end of period 536,604 485,064
Supplemental disclosure of cash flow information:    
Interest paid 2,217 5,783
Income taxes paid 1,050 930
Supplemental disclosure of noncash investing and financing activities:    
Transfer from loans held for investment to loans held for sale 4,820 6,527
Unrealized (loss) gains on securities $ (1,057) $ 1,202