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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 22,403 $ 30,018
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,372 7,474
Accretion of fair value purchase accounting adjustments, net   (762)
Amortization of intangible assets 1,981 1,919
Provision for Loan and Lease Losses   3,230
Provision for credit losses, post ASU 2019-04 1,458  
Stock compensation expense 1,176 991
Loss on sale of securities available-for-sale 6,801  
Deferred income tax expense (benefit) 1,801 (500)
Increase in cash surrender value of bank owned life insurance (1,445) (1,382)
Net losses from sale and write-downs of other real estate owned 12 66
Net gains from mortgage banking (813) (1,475)
Origination of loans held for sale (28,585) (47,840)
Proceeds from sales of loans held for sale 28,416 51,676
Net (gain) loss from sale of fixed assets 56 (261)
Net change in:    
Accrued interest receivable (919) (2,062)
Accrued interest payable 1,458 (993)
Other assets (11,885) (26,998)
Other liabilities (2,278) 28,480
Net cash provided by operating activities 28,009 41,581
Cash flows from investing activities:    
Proceeds from sales 152,775  
Proceeds from maturities, calls and paydowns 32,404 32,143
Purchases (94,424) (295,347)
Proceeds from maturities, calls and paydowns 1,986 1,345
Purchases   (50,575)
Proceeds from sales of other investments 2,669 1,054
Purchases of other investments (944) (88)
Net increase in loans and leases (148,006) (404,770)
Proceeds from sale of fixed assets 633 1,460
Purchases of premises and equipment (4,016) (10,690)
Proceeds from sale of other real estate owned 326 488
Net cash (paid) received from business combinations   (4,881)
Net cash used by investing activities (56,597) (729,861)
Cash flows from financing activities:    
Net increase in deposits 169,521 258,872
Net increase (decrease) in securities sold under agreements to repurchase 1,342 838
Proceeds from borrowings 26,000 5,000
Repayment of borrowings (30,500) (75,000)
Cash dividends paid (4,071) (3,542)
Issuance of common stock, net of restricted shares withheld for taxes 130 64
Net cash provided by financing activities 162,422 186,232
Net change in cash and cash equivalents 133,834 (502,048)
Cash and cash equivalents, beginning of period 266,424 1,045,077
Cash and cash equivalents, end of period 400,258 543,029
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 60,437 12,624
Net cash paid during the period for income taxes 9,406 8,255
Noncash investing and financing activities:    
Recognition of operating lease assets in exchange for lease liabilities 1,751 53
Acquisition of real estate through foreclosure $ 272  
Transfer of securities from available-for-sale to held-to-maturity   162,378
Change in goodwill due to acquisition   $ 4,580