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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 30,161 $ 28,810
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses (2,085) (1,918)
Depreciation and amortization 3,508 3,223
Accretion and amortization 2,077 2,281
Other gains, net (59) (8)
Net gain on sales of loans (13,472) (28,260)
Proceeds from sales of loans held for sale 492,086 869,253
Loans originated for sale (442,236) (815,446)
Deferred income tax expense 2,411 1,561
Earnings on bank-owned life insurance (596) (630)
Stock-based compensation 1,177 822
Change in valuation of mortgage servicing rights (5,625) (936)
Net change in:    
Accrued interest receivable and other assets 1,042 6,043
Accrued expenses and other liabilities 21,058 4,411
Net cash provided by operating activities 89,447 69,206
Activity in securities available for sale:    
Purchases (176,713) (56,565)
Maturities, prepayments, and calls 48,318 71,979
Loan originations and principal collections, net (143,497) (83,035)
Purchases of premises and equipment (1,998) (1,191)
Proceeds from sales of premises and equipment 239 22
Proceeds from sales of foreclosed assets 1,750 693
Net cash used in investing activities (271,901) (68,097)
Cash flows from financing activities:    
Net change in deposits 84,615 184,144
Net change in short-term borrowings 0 (22,660)
Payments to tax authorities for stock-based compensation (195) (106)
Payments made on notes payable and other borrowings 0 (75,000)
Cash dividends on common stock (3,889) (2,167)
Payments to repurchase common stock (9,208) (1,678)
Net cash provided by financing activities 71,323 82,533
Net change in cash and cash equivalents (111,131) 83,642
Beginning cash and cash equivalents 486,821 300,307
Ending cash and cash equivalents 375,690 383,949
Supplemental disclosures of cash flow information:    
Interest paid on deposits and borrowed funds 6,619 6,623
Income taxes paid 2,776 0
Supplemental schedule of noncash activities:    
Loans transferred to foreclosed assets 353 484
Additions to mortgage servicing rights $ 2,180 $ 5,992