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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 55,037 $ 50,368
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 3,000 1,250
Depreciation and amortization 1,849 1,971
Net amortization of securities premiums and discounts 341 1,133
Increase in cash surrender value of BOLI (1,666) (1,616)
Decrease /(increase) in deferred income taxes, net 2,356 (456)
Loss/(gains) on sale of securities available-for-sale 2,985 (2,554)
Net changes in:    
Other assets (2,362) (8,772)
Other liabilities 18,134 10,738
Net cash provided by operating activities 79,674 52,062
Cash flows from investing activities:    
Net change in loans held for investment (86,401) (39,956)
Purchase of available-for-sale securities (10,135) (257,228)
Purchase of held-to-maturity securities (168,634) (194,332)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 62,979 397,454
Proceeds from maturities, calls and pay downs of held-to-maturity securities 52,884 29,042
Purchase of premises and equipment (3,318) (1,001)
Purchase of other investments (5,300) (4,516)
Redemption of other investments 0 2,556
Proceeds from bank-owned life insurance 511 0
Proceeds from sale of assets 73 635
Net cash used in investing activities (157,341) (67,346)
Cash flows from financing activities:    
Net increase in deposits 269,105 508,127
Cash dividends paid (6,110) (5,915)
Net cash used in share repurchase of common stock (17,905) 0
Net provided by financing activities 245,090 502,212
Net change in cash and cash equivalents 167,423 486,928
Cash and cash equivalents, beginning of period 715,460 383,837
Cash and cash equivalents, end of period 882,883 870,765
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,832 4,369
Income taxes paid 11,451 22,530
Supplemental disclosures of non-cash transactions:    
Investment securities available-for-sale transferred to held-to-maturity 0 316,925
Lease Liabilities Arising from Obtaining Right-of-Use Assets $ 0 $ 302