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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 20,728 $ 28,005
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for (recovery of) credit losses 2,471 (6,231)
Depreciation and amortization of premises and equipment 2,168 2,240
Amortization of premiums on investments, net 117 217
Amortization of FDIC indemnification asset, net 0 1,226
Amortization of intangible assets 717 717
Accretion on acquired loans (1,736) (2,442)
Equity-based compensation expense 353 699
Issuance of common stock to 401(k) plan 289 253
(Gain) loss on sale of premises and equipment, net (381) 524
Loss on sale of other real estate owned 420 251
(Increase) decrease in accrued interest receivable (533) 572
Decrease (increase) in other operating activities 3,587 (6,322)
Net cash provided by operating activities 28,200 19,709
Investing activities    
Proceeds from maturities, prepayments, and calls of securities available for sale 12,812 14,174
Payments to acquire securities available for sale (236,850) (11,675)
Net (increase) decrease in loans (133,395) 39,323
(Purchase of) proceeds from FHLB stock, net (240) 1,012
Proceeds from sale of premises and equipment 1,145 2,208
Payments to acquire premises and equipment (469) (1,669)
Proceeds from sale of other real estate owned 338 1,259
Net cash (used) provided by investing activities (356,659) 44,632
Financing activities    
Increase in noninterest-bearing deposits, net 35,179 46,343
Increase in interest-bearing deposits, net 33,969 73,104
Proceeds from securities sold under agreements to repurchase, net 1,099 30
Proceeds from stock options exercised 103 132
Payments for repurchase of common stock (12,035) (12,964)
Payments of common dividends (9,053) (8,809)
Net cash provided by financing activities 49,262 97,836
Net (decrease) increase in cash and cash equivalents (279,197) 162,177
Cash and cash equivalents at beginning of period 677,439 456,561
Cash and cash equivalents at end of period 398,242 618,738
Supplemental disclosure -- cash flow information    
Cash paid for interest 1,330 1,846
Cash paid for income taxes 490 11,704
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 322 810
Loans originated to finance other real estate owned 0 59
Increase in accumulated other comprehensive loss, net of taxes $ (10,114) $ 642