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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 15,160 $ 7,083
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 89 6,234
Depreciation and amortization 1,617 1,606
Accretion and amortization 1,129 379
Other gains, net (2) (2,383)
Net gain on sales of loans (15,943) (8,540)
Proceeds from sales of loans held for sale 434,582 210,445
Loans originated for sale (436,176) (216,024)
Earnings on bank-owned life insurance (330) (359)
Stock based compensation 390 310
Change in valuation of mortgage servicing rights (1,287) 462
Net change in:    
Accrued interest receivable and other assets (3,368) (2,930)
Accrued expenses and other liabilities 12,287 8,032
Net cash from operating activities 8,148 4,315
Activity in securities available for sale:    
Purchases (37,046) (112,358)
Sales 0 94,514
Maturities, prepayments, and calls 43,350 11,513
Loan originations and principal collections, net (22,094) 31,937
Purchases of premises and equipment, net (90) (1,156)
Proceeds from sales of premises and equipment 17 83
Proceeds from sales of foreclosed assets 354 513
Net cash from investing activities (15,509) 25,046
Cash flows from financing activities:    
Net change in deposits 181,281 (31,008)
Net change in short-term borrowings (9,025) (19,765)
Payments to tax authorities for stock-based compensation (106) (84)
Payments made on notes payable and other borrowings (50,000) 0
Cash dividends on common stock (904) (541)
Purchase of treasury stock (786) 0
Net cash from financing activities 120,460 (51,398)
Net change in cash and cash equivalents 113,099 (22,037)
Beginning cash and cash equivalents 300,307 158,099
Ending cash and cash equivalents 413,406 136,062
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 4,070 5,771
Supplemental schedule of noncash activities:    
Loans transferred to foreclosed assets 378 574
Measurement period acquisition adjustment 0 1,211
Additions to mortgage servicing rights $ 3,222 $ 518