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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 66,889 $ 55,037
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 7,057 3,000
Depreciation and amortization 1,833 1,849
Net amortization of securities premiums and discounts 11 341
Increase in cash surrender value of BOLI (1,462) (1,668)
Gain on BOLI death benefit (4,346) 0
(Increase)/decrease in deferred income taxes, net (1,994) 2,356
Loss on sale of securities available-for-sale 5,686 2,985
Net changes in:    
Other assets 2,368 (2,362)
Other liabilities 18,297 18,134
Net cash provided by operating activities 94,339 79,672
Cash flows from investing activities:    
Net change in loans and leases held-for-investment (59,022) (86,401)
Purchase of available-for-sale securities (4,515) (10,135)
Purchase of held-to-maturity securities (3,814) (168,634)
Proceeds from sales, maturities, calls and pay downs of available-for-sale securities 46,751 62,979
Proceeds from maturities, calls and pay downs of held-to-maturity securities 37,524 52,884
Purchase of premises and equipment (4,493) (3,318)
Purchase of other investments (5,263) (5,300)
Proceeds from bank-owned life insurance 11,752 513
Proceeds from sale of assets 27 73
Net cash provided by (used in) investing activities 18,947 (157,339)
Cash flows from financing activities:    
Net (decrease) increase in deposits (10,502) 269,105
Cash dividends paid (6,286) (6,110)
Net cash used in share repurchase of common stock (16,394) (17,905)
Net cash (used in) provided by financing activities (33,182) 245,090
Net change in cash and cash equivalents 80,104 167,423
Cash and cash equivalents, beginning of period 588,257 715,460
Cash and cash equivalents, end of period 668,361 882,883
Supplemental disclosures of cash flow information:    
Cash paid for interest 18,664 3,832
Income taxes paid 16 11,451
Supplemental disclosures of non-cash transactions:    
Net change in unrealized gain/(losses) on securities available-for-sale $ 1,676 $ (36,692)