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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income per consolidated statements of income $ 32,121 $ 30,271
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 3,533 1,439
Depreciation and amortization 5,117 5,008
Net (gain) loss on disposal of premises and equipment (2,604) 325
Net gain on sales of other real estate owned (41) 0
Write-downs of other real estate-owned 173 277
Deferred income tax expense 3,549 1,137
Federal Home Loan Bank stock dividends (771) (488)
Stock based compensation expense 2,502 2,285
Origination of loans held for sale (136,506) (141,964)
Proceeds from loans held for sale 127,359 134,161
Earnings on bank-owned life insurance (2,339) (1,326)
Net change in:    
Accrued interest receivable and other assets (14,046) (8,282)
Accrued interest payable and other liabilities (6,945) 892
Net cash from operating activities 11,102 23,735
Cash flows from investing activities:    
Purchases of securities available for sale (560,321) (204,419)
Maturities and calls of securities available for sale 506,450 21,845
Maturities, prepayments and calls of securities held to maturity 3,070 4,115
Net increase in loans (95,796) (265,708)
Purchases of premises and equipment (26,661) (12,861)
Proceeds from sales of premises and equipment 11,023 8
Proceeds from sales of other real estate owned 353 976
Investment in unconsolidated entities (5,086) (77)
Distributions from unconsolidated entities 0 483
Proceeds from bank-owned life insurance 1,500 0
Purchases of Federal Home Loan Bank stock 0 (14,776)
Redemptions of Federal Home Loan Bank stock 7,887 8,943
Net cash used in investing activities (157,581) (461,471)
Net increase (decrease) in:    
Noninterest-bearing deposits (28,264) (125,689)
Money market, negotiable order of withdrawal, and savings deposits (5,067) 122,379
Certificates of deposit 293,998 286,715
Proceeds from Federal Home Loan Bank advances 215,000 5,320,000
Payments on Federal Home Loan Bank advances (360,007) (5,098,019)
Proceeds from other borrowings 345,004 0
Payments on other borrowings (345,004) 0
Cash dividends paid on common stock (10,951) (10,451)
Purchase of Company stock 0 (2,860)
Shares withheld to pay taxes on restricted stock vesting (1,344) (1,020)
Net cash from financing activities 103,365 491,055
Net change in cash and cash equivalents (43,114) 53,319
Cash and cash equivalents at beginning of period 266,591 137,895
Cash and cash equivalents at end of period 223,477 191,214
Supplemental cash flow information:    
Interest paid 88,839 51,148
Federal and state income tax payments 7,625 10,300
Acquisition of real estate in non-cash foreclosures $ 4,584 $ 743