XML 23 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 19,111 $ 23,427
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 1,903 5,733
Depreciation and amortization 3,733 3,909
Accretion and amortization (97) 1,507
Other gains, net (122) (148)
Net gain on sales of loans (17,521) (15,382)
Proceeds from sales of loans held for sale 460,268 431,676
Loans originated for sale (454,501) (404,525)
Earnings on bank-owned life insurance (937) (999)
Stock based compensation 407 0
Net change in:    
Accrued interest receivable and other assets (3,390) (9,617)
Accrued expenses and other liabilities 13,616 9,619
Net cash from operating activities 22,470 45,200
Activity in securities available for sale:    
Purchases (165,023) (464,966)
Sales 0 101,711
Maturities, prepayments, and calls 109,414 226,684
Activity in securities held to maturity:    
Maturities, prepayments, and calls 0 14,675
Loan originations and principal collections, net (7,786) (142,203)
Cash paid for acquisition (2,800) 0
Purchases of premises and equipment, net (3,267) (2,615)
Proceeds from sales of premises and equipment 208 74
Proceeds from sales of foreclosed assets 1,608 6,388
Net cash from investing activities (67,646) (260,252)
Cash flows from financing activities:    
Net change in deposits 8,520 107,273
Net change in short-term borrowings (7,850) (3,500)
Proceeds from common stock issuance, net 51,392 0
Payments to tax authorities for stock-based compensation (161) 0
Payments made on notes payable and other borrowings (7,530) 0
Cash dividends on common stock (539) (17,544)
Net cash from financing activities 43,832 86,229
Net change in cash and cash equivalents (1,344) (128,823)
Beginning cash and cash equivalents 245,989 294,563
Ending cash and cash equivalents 244,645 165,740
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 21,882 11,774
Income taxes paid 4,364 0
Supplemental schedule of noncash investing and financing activities:    
Loans transferred to foreclosed assets 1,521 6,151
Share-based liability awards modified to equity awards $ 11,450 $ 0