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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 24,376 $ 29,238
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 12,034 3,480
Depreciation and amortization of premises and equipment 3,328 2,491
Amortization of premiums on investments, net 1,387 171
Amortization of FDIC indemnification asset, net 1,352 1,787
Amortization of intangible assets 1,086 746
Accretion on acquired loans (5,221) (2,720)
Equity-based compensation expense 1,368 1,222
Issuance of common stock to 401(k) plan 411 325
Loss (gain) on sale of premises and equipment, net 9 (104)
Loss on sale of other real estate owned 299 791
(Gain) Loss on sale of securities (385) 43
(Increase) decrease in accrued interest receivable (2,474) 639
(Increase) decrease in other operating activities (5,542) 1,527
Net cash provided by operating activities 32,028 39,636
Investing activities    
Proceeds from sale of securities available for sale 51,027 13,897
Proceeds from maturities, prepayments, and calls of securities available for sale 29,614 29,555
Proceeds from maturities and calls of securities held to maturity 0 25,000
Payments to acquire securities available for sale (2,553) (4,453)
(Originations of) proceeds from repayment of loans, net (78,663) 78,036
(Purchase of) proceeds from FHLB stock, net (12) 129
Payments to the FDIC (67) (137)
Proceeds from sale of premises and equipment 1,435 1,038
Payments to acquire premises and equipment (2,474) (6,225)
Proceeds from sale of other real estate owned 1,997 2,917
Net cash provided by investing activities 304 139,757
Financing activities    
Increase in noninterest-bearing deposits, net 122,409 12,928
Increase (decrease) in interest-bearing deposits, net 39,918 (31,826)
Repayments of securities sold under agreements to repurchase, net (645) (27,507)
Repayments of FHLB and other borrowings, net (40) 0
Proceeds from stock options exercised 0 124
Payments for repurchase of common stock (21,872) (16,362)
Payments of common dividends (13,447) (11,165)
Net cash provided by (used in) financing activities 126,323 (73,808)
Net increase in cash and cash equivalents 158,655 105,585
Cash and cash equivalents at beginning of period 217,009 76,873
Cash and cash equivalents at end of period 375,664 182,458
Supplemental disclosure -- cash flow information    
Cash paid for interest 4,334 4,308
Cash paid for income taxes 5,607 7,083
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 695 2,883
Loans originated to finance other real estate owned 265 484
Decrease in accumulated other comprehensive loss $ 262 $ 1,124