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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 30,018 $ 28,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,474 4,739
Accretion of fair value purchase accounting adjustments, net (762) (4,086)
Provision for loan and lease losses 3,230 1,211
Stock compensation expense 991 521
Gain from redemption and sale of securities available-for-sale   (45)
Deferred income tax expense (benefit) (500) 731
Increase in cash surrender value of bank owned life insurance (1,382) (1,240)
Net losses from sale and write downs of other real estate owned 66 176
Net gains from mortgage banking (1,475) (3,238)
Origination of loans held for sale (47,840) (97,360)
Proceeds from sales of loans held for sale 51,676 108,901
Net gain from sale of loans   (137)
Net gain from sale of fixed assets (261)  
Net change in:    
Accrued interest receivable (2,062) 2,074
Accrued interest payable (993) (125)
Other assets (25,079) (414)
Other liabilities 28,480 5,709
Net cash provided by operating activities 41,581 45,551
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale   16,771
Proceeds from maturities, calls and paydowns 32,143 65,101
Purchases of securities available-for-sale (295,347) (145,316)
Proceeds from maturities, calls and paydowns 1,345  
Purchases of securities held-to-maturity (50,575)  
Proceeds from sales of other investments 1,054 436
Purchase of other investments (88) (80)
Purchases of bank owned life insurance   (40,000)
Proceeds from bank owned life insurance benefits   427
Net (increase) decrease in loans and leases (404,770) 4,444
Proceeds from sale of fixed assets 1,460  
Purchase of premises and equipment (10,690) (603)
Proceeds from sale of other real estate owned 488 2,171
Proceeds received from sale of loans   83,745
Net cash (paid) received from business combination (4,881) 15,364
Net cash (used in) provided by investing activities (729,861) 2,460
Cash flow from financing activities:    
Net increase in deposits 258,872 558,410
Net increase (decrease) in securities sold under agreements to repurchase 838 (351)
Proceeds from borrowings 5,000 7,500
Repayment borrowings (75,000) (396)
Cash dividends paid (3,542) (2,719)
Issuance of common stock, net of restricted shares withheld for taxes 64 194
Repurchases of common stock   (1,208)
Net cash provided by financing activities 186,232 561,430
Net change in cash and cash equivalents (502,048) 609,441
Cash and cash equivalents, beginning of period 1,045,077 481,719
Cash and cash equivalents, end of period 543,029 1,091,160
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 12,624 8,745
Net cash paid/received during the period for income taxes 8,255 8,223
Noncash investing and financing activities:    
Acquisition of real estate through foreclosure   580
Transfer of securities from available-for-sale to held-to-maturity 162,378  
Change in goodwill due to acquisitions and sale of a portfolio of loans $ 4,580 $ 15,849