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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net Income $ 24,234 $ 45,744
Adjustments to reconcile Net Income to net cash provided by operating activities:    
Provision for (reversal of) credit losses 6,164 (2,787)
Provision for (reversal of) credit losses for unfunded commitments 848 (11)
Depreciation and amortization 890 843
Gain on sale of loans (305) (1,492)
Loss (gain) on mortgage servicing rights 35 (930)
Securities premium amortization, net 1,715 2,660
Origination of loans held for sale (27,929) (114,699)
Proceeds from sale of loans held for sale 28,480 137,905
Net loss on sale of investment securities 21 25
Net increase in cash surrender value of BOLI (655) (626)
Stock-based compensation expense 2,948 2,966
Net tax expense from stock-based compensation 0 1,609
Increase in other assets (9,019) (3,960)
Decrease (increase) in other liabilities 33,369 (6,395)
Net Cash Provided by Operating Activities 60,796 60,852
Investment securities available-for-sale:    
Purchases 0 (311,705)
Proceeds from maturities 31,235 83,050
Proceeds from sale/call 8,303 6,225
Investment securities held-to-maturity:    
Purchases 0 (237,036)
Proceeds from maturities 17,996 5,548
Proceeds from call 68 0
Purchase of Federal Reserve stock (69) (60)
(Purchase) sale of Federal Home Loan Bank stock (13,998) 5,186
Net increase in loans (103,019) (48,667)
Redemption of BOLI 436 0
Net change in premises and equipment (313) (269)
Net Cash Used in Investing Activities (59,361) (497,728)
Cash Flows From Financing Activities:    
Decrease in deposits (1,249,941) (395,281)
Increase in customer repurchase agreements 2,754 4,375
Proceeds from short-term borrowings 1,138,800 (150,000)
Proceeds from employee stock purchase plan 133 197
Proceeds from exercise of equity compensation plans 0 19
Common stock repurchased (18,374) 0
Tax equivalent shares withheld on exercise of stock-based compensation plans 0 (1,609)
Cash dividends paid (13,897) (12,665)
Net Cash Used in Financing Activities (140,525) (554,964)
Net Decrease in Cash and Cash Equivalents (139,090) (991,840)
Cash and Cash Equivalents at Beginning of Period 311,854 1,714,222
Cash and Cash Equivalents at End of Period 172,764 722,382
Supplemental Cash Flows Information:    
Interest paid 61,287 7,574
Income taxes paid 0 0
Non-Cash Investing Activities    
Transfers of investment securities from available-for-sale to held-to-maturity 0 922,795
Change in unrealized gain (loss) of investment securities available-for-sale $ 24,034 $ 0