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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 28,005 $ 16,110
Adjustments to reconcile net income to net cash provided by operating activities    
(Recovery of) provision for credit losses (6,231) 7,331
Depreciation and amortization of premises and equipment 2,240 2,209
Amortization of premiums on investments, net 217 1,304
Amortization of FDIC indemnification asset, net 1,226 969
Amortization of intangible assets 717 721
Accretion on acquired loans (2,442) (3,456)
Equity-based compensation expense 699 1,105
Issuance of common stock to 401(k) plan 253 288
Loss (gain) on sale of premises and equipment, net 524 (1)
Loss on sale of other real estate owned 251 330
Gain on sale of securities 0 (385)
Increase in accrued interest receivable 572 (1,703)
Increase in other operating activities (6,322) (6,608)
Net cash provided by operating activities 19,709 18,214
Investing activities    
Proceeds from sale of securities available for sale 0 51,027
Proceeds from maturities, prepayments, and calls of securities available for sale 14,174 20,018
Payments to acquire securities available for sale (11,675) 0
Proceeds (originations of) from repayment of loans, net 39,323 (20,992)
Proceeds from (purchase of) FHLB stock, net 1,012 (12)
Payments to the FDIC 0 (29)
Proceeds from sale of premises and equipment 2,208 65
Payments to acquire premises and equipment (1,669) (2,125)
Proceeds from sale of other real estate owned 1,259 1,814
Net cash provided by investing activities 44,632 49,766
Financing activities    
Increase in noninterest-bearing deposits, net 46,343 125,031
Increase in interest-bearing deposits, net 73,104 42,903
Proceeds from (repayments) of securities sold under agreements to repurchase, net 30 (501)
Repayments of FHLB and other borrowings, net 0 (40)
Proceeds from stock options exercised 132 0
Payments for repurchase of common stock (12,964) (21,872)
Payments of common dividends (8,809) (9,018)
Net cash provided by (used in) financing activities 97,836 136,503
Net increase in cash and cash equivalents 162,177 204,483
Cash and cash equivalents at beginning of period 456,561 217,009
Cash and cash equivalents at end of period 618,738 421,492
Supplemental disclosure -- cash flow information    
Cash paid for interest 1,846 2,960
Cash paid for income taxes 11,704 4,547
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 810 621
Loans originated to finance other real estate owned 59 265
(Increase) decrease in accumulated other comprehensive loss $ 90 $ 398