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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income before noncontrolling interest $ 14,387 $ 38,696 $ 37,411
Adjustments to reconcile net income to net cash from operating activities:      
Net amortization and accretion of investments 2,596 4,054 1,892
Net amortization of deferred loan costs 2,526 2,969 1,692
Provision (release of allowance) for loan losses 14,194 (6,275) 16,579
Depreciation and amortization 5,322 4,198 3,292
Stock-based compensation 2,800 2,634 2,353
Stock-based compensation related to equity method investment 417 574 0
Loans originated for sale (101,382) (30,033) (1,334,910)
Proceeds of loans sold 141,261 22,024 1,477,063
Holding (gain) loss on equity securities 1,543 (3,776) (374)
Mortgage fee income 0 0 (33,427)
Gain on sale of available-for-sale securities, net (650) (3,875) (914)
Gain (loss) on sale of equity securities, net (56) 5 3,501
Gain on sale of loans held-for-sale (5,487) (4,178) (332)
Gains on acquisition and divestiture activity 0 (10,783) (17,640)
Gain on sale of other real estate owned (47) (1,396) 0
Income on bank-owned life insurance (975) (995) (888)
Deferred income taxes (3,631) 6,129 (3,386)
Equity method investment (income) loss 713 (17,428) (27,574)
Equity method investment gain (1,874) 0 0
Return on equity method investment 8,275 31,032 3,400
Other assets (2,438) (1,440) (27,200)
Other liabilities (12,426) 2,689 18,699
Net cash from operating activities 65,180 34,815 112,235
INVESTING ACTIVITIES      
Purchases of available-for-sale investment securities (89,600) (216,621) (269,790)
Maturities/paydowns of available-for-sale investment securities 20,973 49,248 64,493
Sales of available-for-sale investment securities 60,635 146,011 54,023
Purchases of premises and equipment (3,041) (4,865) (6,615)
Disposals of premises and equipment 49 300 1,687
Net increase in loans (576,303) (460,672) (70,186)
Gain on sale of loans held for investment 3,832 0 0
Purchases of restricted bank stock (61,245) (1,410) (25,831)
Redemptions of restricted bank stock 53,048 2,364 38,048
Proceeds from maturities of certificates of deposit with banks 2,719 9,084 1,739
Purchases of certificates of deposit with banks 0 0 (993)
Proceeds from sale of other real estate owned 1,482 3,818 8,309
Purchase of bank-owned life insurance (7) 0 (5,000)
Purchase of equity method investments (38,400) (500) 0
Purchase of equity securities (4,452) (2,982) (9,918)
Sales of equity securities 1,356 543 4,622
Net cash transferred for banking center sale 0 (95,500) (136,005)
Cash paid for acquisitions, net of cash acquired 0 (772) 57,306
Net cash from investing activities (628,954) (571,954) (294,111)
FINANCING ACTIVITIES      
Net increase in deposits 192,877 558,342 574,691
Net change in repurchase agreements (1,348) 1,119 94
Net change in FHLB and other borrowings 102,333 0 (180,283)
Issuance of subordinated debt 0 30,000 40,000
Issuance of senior term loan 10,000 0 0
Principal payments on senior term loan (125) 0 0
Preferred stock redemption 0 (7,334) 0
Common stock repurchased 0 0 (15,746)
Common stock options exercised 2,069 4,930 4,464
Withholding cash issued in lieu of restricted stock (670) (249) 0
Cash dividends paid on common stock (8,355) (6,038) (4,275)
Cash dividends paid on preferred stock 0 (35) (461)
Issuance of subsidiary membership units 0 500 0
Stock purchase from noncontrolling interest (41) 0 0
Net cash from financing activities 296,617 580,683 417,767
Net change in cash and cash equivalents (267,157) 43,544 235,891
Cash and cash equivalents, beginning of period 307,437 263,893 28,002
Cash and cash equivalents, end of period 40,280 307,437 263,893
Cash payments for:      
Interest on deposits, repurchase agreements and borrowings 12,285 6,152 12,271
Income taxes 2,285 11,960 11,966
Business combination non-cash disclosures:      
Assets acquired in business combination, net of cash acquired 0 739 87,722
Liabilities assumed in business combination 0 605 148,731
Supplemental disclosure of cash flow information:      
Fair value of noncontrolling interests at acquisition date 0 1,400  
Loans transferred to other real estate owned 299 357 800
Change in unrealized holding gains (losses) on securities available-for-sale 47,508 (9,595) 6,193
Issuance of subordinated debt 0 30,000 40,000
Restricted stock units vested 75 77 49
Employee stock-based compensation tax withholding obligations 18 7 35
Creation of servicing assets from loan sales 1,296 0 0
Loans transferred to loans held-for-sale 914 0 0
Common stock issued related to acquisitions 9,579 5,074 240
Subordinated Debt      
FINANCING ACTIVITIES      
Payment of senior debt issuance costs 0 552 717
Senior Loans      
FINANCING ACTIVITIES      
Payment of senior debt issuance costs $ 123 $ 0 $ 0