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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Cash flows from operating activities:    
Net income $ 27,502 $ 34,580
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 3,048 2,743
Provision for credit losses 41,855 3,198
Deferred income taxes (4,937) 3,813
Net amortization of debt securities 2,756 1,189
Amortization of intangible assets 2,880 2,418
Gain on sale of investment securities (4) 292
Mortgage loans originated-for-sale (94,536) (11,645)
Proceeds from mortgage loans sold 84,799 10,629
Sale of other real estate 5 (48)
Sale of state tax credits (211) (107)
Share-based Payment Arrangement, Noncash Expense 2,029 1,907
Net accretion of loan discount (4,049) (4,702)
Changes in other assets and liabilities, net    
Increase (Decrease) in Other Operating Assets and Liabilities, Net (2,277) (23,700)
Net cash provided by operating activities 58,860 20,567
Cash flows from investing activities:    
Payments for Previous Acquisition 0 (23,377)
Net increase in loans (815,437) (121,115)
Sale of debt securities, available-for-sale 207 263,298
Paydown or maturity of debt securities, available-for-sale 140,218 58,229
Paydown or maturity of debt securities, held-to-maturity 8,711 2,864
Redemption of other investments 25,978 31,138
Sale of state tax credits held for sale 1,924 2,252
Sale of other real estate 609 2,281
Proceeds from Life Insurance Policy 974 0
Payments for the purchase of:    
Available-for-sale debt securities (152,082) (363,900)
Other investments (38,527) (43,589)
State tax credits held for sale (3,730) (1,852)
Fixed assets, net (1,532) (2,236)
Net cash used in investing activities (832,687) (196,007)
Cash flows from financing activities:    
Net increase (decrease) in noninterest-bearing deposit accounts 638,520 (88,219)
Net increase (decrease) in interest-bearing deposit accounts 290,036 (21,615)
Proceeds from FHLB advances, net 27,700 312,500
Proceeds from Issuance of Long-term Debt 0 40,000
Repayments of Long-term Debt (2,857) (4,857)
Proceeds from Issuance of Subordinated Long-term Debt 61,953 0
Net decrease in other borrowings (34,355) (60,490)
Cash dividends paid on common stock (9,458) (7,798)
Payments for Repurchase of Common Stock (15,347) 0
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture (894) (1,233)
Net cash provided by financing activities 955,298 168,288
Net increase (decrease) in cash and cash equivalents 181,471 (7,152)
Cash and cash equivalents, beginning of period 167,256 196,552
Cash and cash equivalents, end of period 348,727 189,400
Noncash transactions:    
Cash paid during the period for interest 20,574 32,036
Income Taxes Paid, Net 30 11,915
Transfer to other real estate owned in settlement of loans 0 7,783
Sales of other real estate financed 48 0
Right-of-use assets obtained in exchange for lease obligations $ 200 $ 0
Common shares issued related to acquisition 0 171,885
Transfer to Investments $ 163,592 $ 0