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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 39,976 $ 34,496
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Deferred income taxes 1,176 (3,620)
Provision for loan losses (2,000) 9,500
Depreciation and amortization 6,726 6,657
Amortization and accretion of premiums/discounts on investment securities 2,506 1,140
Amortization of operating lease right-of-use assets (40) (18)
Stock-based compensation 1,804 1,334
Increase in value of bank-owned life insurance (591) (595)
Realized loss (gain) on sale of fixed assets (62)  
Realized loss (gain) on derivative instruments 6,612 (3,282)
Realized loss (gain) on loans sold (39,940) (37,220)
Realized loss (gain) on sale of foreclosed assets (203) (26)
Realized loss (gain) on sale of investment securities (125) (2,722)
Realized loss (gain) on servicing rights (369) 574
Net change in:    
Loans held for sale 101,482 (27,325)
Accrued interest receivable 826 (1,648)
Other assets (1,951) (2,842)
Accrued expenses and other liabilities 1,913 5,754
Net cash provided (used) by operating activities 117,740 (19,843)
Investing Activities    
Proceeds from sales or calls of investment securities available-for-sale 13,189 74,630
Proceeds from maturities of investment securities available-for-sale 91,240 39,208
Purchases of investment securities available-for-sale (331,785) (285,830)
Proceeds 1,763 0
Proceeds from maturities of investment securities held-to-maturity 2,681  
Purchases of investment securities held-to-maturity (218,443)  
Net (increase) decrease in equity securities   2,808
Net (increase) decrease in loans 177,675 (339,758)
Purchases of premises and equipment (845) (2,761)
Proceeds from sales of foreclosed assets 539 555
Net cash provided (used) by investing activities (263,986) (511,148)
Financing Activities    
Net increase (decrease) in deposits 141,095 491,054
Repayments of long-term debt (49,861) (156)
Proceeds from the issuance of subordinated debt 50,000  
Cash dividends paid on common stock (7,975) (7,790)
Repurchase of common stock (521) (372)
Net cash provided (used) by financing activities 132,738 482,736
Net change in cash and cash equivalents (13,508) (48,255)
Cash and cash equivalents at beginning of period 172,962 144,006
Cash and cash equivalents at end of period 159,454 95,751
Cash paid for:    
Interest 3,498 9,838
Income taxes 12,075 11,041
Non-cash information    
Loan collateral transferred to foreclosed assets 1,135 531
Unrealized gain (loss) on investment securities available-for-sale (9,851) 8,607
Accretion of unrealized gain (loss) on investment securities held-to-maturity (221)  
Investment securities transferred to held-to-maturity $ 149,191  
Right-of-use assets obtained in exchange for new operating leases   $ 1,531