XML 134 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 92,739 $ 89,217 $ 48,190
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 5,719 3,532 3,281
Provision for loan losses 6,372 6,644 10,130
Deferred income taxes 5,800 3,307 21,105
Net amortization of debt securities 2,973 1,691 2,415
Amortization of intangible assets 5,543 2,503 2,609
Mortgage loans originated-for-sale (81,941) (36,229) (138,949)
Proceeds from mortgage loans sold 77,302 39,310 145,836
Gain on sale of investment securities 49 (9) (22)
Valuation adjustments and sale of other real estate (113) (13) (93)
Sale of state tax credits (2,549) (2,820) (2,581)
Share-based compensation 4,032 3,452 3,427
Net accretion of loan discount (10,494) (1,700) (5,609)
Changes in other assets and liabilities, net (12,975) (77) (43,948)
Net cash provided by operating activities 92,457 108,808 45,791
Cash flows from investing activities:      
Net cash paid for acquisitions and dispositions (23,377) 0 4,456
Net increase in loans (284,235) (257,872) (270,090)
Sale of debt securities, available-for-sale 357,976 1,451 144,076
Paydown or maturity of debt securities, available-for-sale 146,132 84,189 143,949
Paydown or maturity of debt securities, held-to-maturity 7,447 6,397 6,510
Redemption of other investments 61,917 50,274 43,207
Sale of state tax credits held for sale 14,689 14,718 15,314
Sale of other real estate 4,798 875 2,779
Settlement of bank-owned life insurance policies 0 1,256 0
Payments for the purchase of:      
Available for sale debt securities (577,211) (172,026) (325,393)
Other investments (68,963) (51,828) (56,412)
State tax credits held for sale (11,356) (6,017) (18,294)
Fixed assets (6,337) (3,035) (2,546)
Net cash used in investing activities (378,520) (331,618) (312,444)
Cash flows from financing activities:      
Net increase (decrease) in noninterest-bearing deposit accounts 57,551 (23,189) 96,681
Net increase in interest-bearing deposit accounts 44,300 454,760 61,204
Proceeds (repayments) from short-term FHLB advances, net 95,500 (102,500) 172,500
Proceeds from long-term FHLB advances 50,000 0 0
Proceeds from Notes Payable 41,000 2,000 10,000
Repayments of Notes Payable (8,714) 0 (10,000)
Net increase (decrease) in other borrowings 9,436 (32,224) (79,417)
Cash dividends paid on common stock (16,568) (10,845) (10,249)
Payments for Repurchase of Common Stock (15,526) (19,387) (16,636)
Payments for Repurchase of Equity (212) (2,576) (2,909)
Net cash provided by financing activities 256,767 266,039 221,174
Net (decrease) increase in cash and cash equivalents (29,296) 43,229 (45,479)
Cash and cash equivalents, beginning of period 196,552 153,323 198,802
Cash and cash equivalents, end of period 167,256 196,552 153,323
Supplemental disclosures of cash flow information:      
Cash paid during the period for interest 65,667 45,650 24,610
Cash paid during the period for income taxes 13,582 10,136 12,449
Noncash transactions:      
Real Estate Owned, Transfer to Real Estate Owned 8,148 876 564
Sales of other real estate financed 621 0 0
Transfer of securities from available-for-sale to held-to-maturity 116,303 0 0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 5,208 $ 0 $ 0
Stock Issued During Period, Shares, Acquisitions 171,885 0 141,729