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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 44,000 $ 29,429
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses (1,918) 25,429
Depreciation and amortization 4,837 4,935
Accretion and amortization 3,399 2,064
Other gains, net (139) (2,529)
Net gain on sales of loans (41,108) (47,279)
Proceeds from sales of loans held for sale 1,243,380 998,367
Loans originated for sale (1,189,693) (985,149)
Earnings on bank-owned life insurance (945) (1,004)
Stock based compensation 1,225 966
Change in valuation of mortgage servicing rights (1,055) 2,081
Net change in:    
Accrued interest receivable and other assets 1,509 (4,134)
Accrued expenses and other liabilities 14,209 10,669
Net cash from operating activities 77,701 33,845
Activity in securities available for sale:    
Purchases (61,548) (158,291)
Sales 0 94,514
Maturities, prepayments, and calls 94,978 69,618
Loan originations and principal collections, net (209,047) (150,579)
Cash paid for acquisition 0 (687)
Goodwill adjustment related to litigation settlement 0 460
Purchases of premises and equipment, net (2,319) (3,159)
Proceeds from sales of premises and equipment 108 192
Proceeds from sales of foreclosed assets 1,048 2,068
Net cash from investing activities (176,780) (145,864)
Cash flows from financing activities:    
Net change in deposits 237,894 246,945
Net change in short-term borrowings (26,550) (29,400)
Proceeds from subordinated debt issuance, net 0 49,074
Proceeds from notes payable & other borrowings 0 75,000
Payments to tax authorities for stock-based compensation (106) (129)
Payments made on notes payable and other borrowings (75,000) (95,000)
Cash dividends on common stock (3,784) (1,624)
Payments to repurchase common stock (6,082) (61)
Net cash from financing activities 126,372 244,805
Net change in cash and cash equivalents 27,293 132,786
Beginning cash and cash equivalents 300,307 158,099
Ending cash and cash equivalents 327,600 290,885
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 10,774 12,956
Income taxes paid 8,842 8,719
Supplemental schedule of noncash activities:    
Loans transferred to foreclosed assets 722 1,468
Additions to mortgage servicing rights $ 8,018 $ 6,589