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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 75,090 $ 66,336 $ 58,734
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 6,450 1,910 4,500
Depreciation and amortization 2,428 2,632 2,769
Net amortization of securities premiums and discounts 376 1,446 1,159
Increase in cash surrender value of BOLI (2,233) (2,175) (2,088)
Decrease /(increase) in deferred income taxes, net 4,330 (880) (1,962)
Loss/(gains) on sale of securities available-for-sale 10,689 (2,554) (40)
Net changes in:      
Other assets (8,262) (12,432) (818)
Other liabilities 12,910 5,680 (4,135)
Net cash provided by operating activities 101,778 59,963 58,119
Cash flows from investing activities:      
Net change in loans held for investment (275,061) (137,216) (427,049)
Purchase of available-for-sale securities (10,217) (257,231) (670,550)
Purchase of held-to-maturity securities (173,907) (395,176) (22,020)
Purchase of non-marketable securities 0 (2,856) 0
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 88,504 458,855 383,257
Proceeds from maturities, calls and pay downs of held-to-maturity securities 65,493 43,287 13,299
Purchase of premises and equipment (4,190) (2,069) (7,709)
Purchase of other investments (6,600) (8,192) (6,063)
Redemption of other investments 0 2,752 0
Proceeds from bank-owned life insurance 606 0 0
Proceeds from sale of assets 73 1,696 81
Net cash used in investing activities (315,299) (296,150) (736,754)
Cash flows from financing activities:      
Net increase in deposits 119,117 579,885 782,248
Cash dividends paid (12,489) (12,075) (11,700)
Net cash used in share repurchase of common stock (20,310) 0 (2,834)
Net provided by financing activities 86,318 567,810 767,714
Net change in cash and cash equivalents (127,203) 331,623 89,079
Cash and cash equivalents, beginning of year 715,460 383,837 294,758
Cash and cash equivalents, end of year 588,257 715,460 383,837
Supplemental disclosures of cash flow information:      
Cash paid for interest 5,785 4,369 10,903
Income taxes paid 12,469 29,941 9,581
Issuance of common stock 0 0 403
Supplemental disclosures of non-cash transactions:      
Investment securities available-for-sale transferred to held-to-maturity 0 316,925 0
Unrealized (losses)/gains on securities available for sale 28,326 20,540 (13,865)
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 295 $ 0