v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income $ 30,836 $ 22,355  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses - loans (1,136) (1,273)  
Provision for credit losses - securities AFS 344 1,633  
Stock-based compensation expense 1,204 995  
Depreciation and amortization 974 823  
Deferred tax benefit 3,431 1,669  
Amortization of premium (discount) on securities (351) 131  
Amortization of core deposit intangible 509 432  
Amortization of mortgage servicing rights - net 549 479  
Valuation allowance on mortgage servicing rights - net (201) (37)  
Increase in other assets 5,318 4,786  
(Decrease) increase in accounts payable and other liabilities (1,138) 626  
Net cash provided by operating activities 40,339 32,619  
Cash Flows from Investing Activities:      
Net increase in loans (490,869) (321,271)  
Purchase of premises and equipment (1,222) (628)  
Disposals of premises and equipment 3,375    
Recovery of allowance for credit losses 134 406  
Purchases of securities AFS (400)    
Purchases of securities HTM (83,008)    
Maturities of securities AFS 7,965 53,418  
Maturities of securities HTM 79,660    
Proceeds from redemption of securities   3,000  
Sale of FHLB and FRB stock, net 999    
Net cash used in investing activities (483,366) (265,075)  
Cash Flows from Financing Activities:      
Increase in deposits 145,558 332,388  
Net decrease in FHLB advances   (250,000)  
Line of credit net change - borrowings, net (18,500) (7,000)  
Net increase in subordinated debt 147,592    
Net decrease in repurchase agreements (13,250)    
Gain on sale leaseback (1,111)    
Dividends paid (6,208) (4,023)  
Proceeds from exercise of stock options 19 354  
Repurchase of stock (1,120) (944)  
Net cash provided by financing activities 252,980 70,775  
Decrease in cash and cash equivalents (190,047) (161,681)  
Cash and cash equivalents at beginning of year 1,121,757 629,707 $ 629,707
Cash and cash equivalents at end of period 931,710 468,026 $ 1,121,757
Supplemental disclosures of cash flow information:      
Income taxes   5,209  
Interest 3,893 6,221  
Noncash transactions:      
Transfer of loans to loans held for sale   8,195  
Transfer of securities from available-for-sale to held-to-maturity 916,777    
Chargeoffs against allowance for credit losses 145 $ 214  
Goodwill acquisition adjustment $ 1,623