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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 26,909 $ 16,837
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 606 (3,543)
Provision for loan losses   6,000
Depreciation and amortization 4,555 4,382
Amortization and accretion of premiums/discounts on investment securities 1,674 684
Amortization of operating lease right-of-use assets (22) (12)
Stock-based compensation 1,259 859
Increase in value of bank-owned life insurance (389) (393)
Realized loss (gain) on sale of fixed assets (62)  
Realized loss (gain) on derivative instruments 4,803 (1,009)
Realized loss (gain) on loans sold (27,206) (19,099)
Realized loss (gain) on sale of foreclosed assets (204) (19)
Realized loss (gain) on sale of investment securities (114) (1,294)
Realized loss (gain) on servicing rights (361) 558
Net change in:    
Loans held for sale 82,713 (34,935)
Accrued interest receivable 1,199 (424)
Other assets (5,632) (3,826)
Accrued expenses and other liabilities (5,404) 12,541
Net cash provided (used) by operating activities 84,324 (22,693)
Investing Activities    
Proceeds from sales or calls of investment securities available-for-sale 13,189 39,505
Proceeds from maturities of investment securities available-for-sale 57,661 22,266
Purchases of investment securities available-for-sale (291,361) (134,079)
Proceeds from sales or calls of investment securities held-to-maturity 1,415  
Proceeds from maturities of investment securities held-to-maturity 1,180  
Net (increase) decrease in equity securities   2,808
Net (increase) decrease in loans 142,510 (315,888)
Purchases of premises and equipment (429) (1,998)
Proceeds from sales of foreclosed assets 481 303
Net cash provided (used) by investing activities (75,354) (387,083)
Financing Activities    
Net increase (decrease) in deposits 138,947 481,837
Repayments of long-term debt (49,804) (103)
Proceeds from the issuance of subordinated debt 50,000  
Cash dividends paid on common stock (5,199) (5,191)
Repurchase of common stock (446) (336)
Net cash provided (used) by financing activities 133,498 476,207
Net change in cash and cash equivalents 142,468 66,431
Cash and cash equivalents at beginning of period 172,962 144,006
Cash and cash equivalents at end of period 315,430 210,437
Cash paid for:    
Interest 2,521 302
Income taxes 9,072 7,835
Non-cash information    
Unrealized gain (loss) on investment securities available-for-sale (8,000) 7,835
Accretion of unrealized gain (loss) on investment securities held-to-maturity (115)  
Investment securities transferred to held-to-maturity $ 149,191  
Right-of-use assets obtained in exchange for new operating leases   $ 1,531