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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 66,336 $ 58,734 $ 56,036
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 1,910 4,500 200
Depreciation and amortization 2,632 2,769 2,756
Net amortization of securities premiums and discounts 1,446 1,159 510
Increase in cash surrender value of BOLI (2,176) (2,087) (2,031)
Decrease/(increase) in deferred income taxes, net (880) (1,962) (3,254)
(Gains)/losses on sale of securities available for sale (2,554) (40) (1)
Net changes in:      
Other assets (12,432) (818) 21,659
Other liabilities 5,681 (4,136) 4,983
Net cash provided by operating activities 59,963 58,119 80,858
Cash flows from investing activities:      
Net change in loans held for investment (137,216) (427,049) (102,193)
Purchase of available for sale securities (257,231) (670,550) (652,280)
Purchase of held to maturity securities (395,176) (22,020) (16,376)
Purchase of non-marketable securities (2,856) 0 0
Maturities/sales of available for sale securities 458,855 383,257 644,244
Maturities of held to maturity securities 43,287 13,299 10,871
Purchase of premises and equipment (2,069) (7,709) (15,537)
Purchase of other investments (8,192) (6,063) (4,400)
Redemption of other investments 2,752 0 0
Proceeds from sale of assets 1,696 81 41
Net cash used in investing activities (296,150) (736,754) (135,630)
Cash flows from financing activities:      
Net increase in deposits 579,885 782,248 215,187
Cash dividends paid (12,075) (11,700) (11,221)
Net cash used in share repurchase program 0 (2,834) 0
Net provided by financing activities 567,810 767,714 203,966
Net change in cash and cash equivalents 331,623 89,079 149,194
Cash and cash equivalents, beginning of year 383,837 294,758 145,564
Cash and cash equivalents, end of year 715,460 383,837 294,758
Supplemental disclosures of cash flow information:      
Cash paid for interest 4,369 10,903 11,755
Income taxes paid 29,941 9,581 7,342
Issuance of common stock 0 403 6,973
Supplemental disclosures of non-cash transactions:      
Investment securities available for sale transferred to held to maturity 316,925 0 0
Unrealized (losses)/gains on securities available for sale 20,540 (13,865) 8,935
Lease liabilities from obtaining right-of-use assets $ 295 $ 0 $ 5,645