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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 58,240 $ 58,614 $ 45,353
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses (2,619) (1,918) 25,570
Depreciation and amortization 6,965 6,436 6,575
Accretion and amortization 4,072 4,513 3,166
Other gains, net (166) (729) (2,539)
Net gain on sales of loans (20,764) (51,184) (63,531)
Proceeds from sales of loans held for sale 783,212 1,577,953 1,434,173
Loans originated for sale (719,413) (1,500,995) (1,442,913)
Deferred income tax expense (benefit) 1,359 1,453 (1,588)
Earnings on bank-owned life insurance (1,196) (1,247) (1,334)
Stock-based compensation 2,753 1,639 1,272
Change in valuation of mortgage servicing rights (4,705) (1,455) 2,834
Net change in:      
Accrued interest receivable and other assets (1,067) 3,382 (3,082)
Accrued expenses and other liabilities 16,919 (191) 1,671
Net cash provided by operating activities 123,590 96,271 5,627
Activity in securities available for sale:      
Purchases (176,713) (61,548) (279,727)
Sales 0 0 94,514
Maturities, prepayments, and calls 81,253 120,325 114,850
Loan originations and principal collections, net (311,459) (218,458) (84,991)
Cash paid for acquisition 0 0 (687)
Goodwill adjustment related to litigation settlement 0 0 460
Purchases of premises and equipment (4,469) (2,920) (3,310)
Proceeds from sales of premises and equipment 480 1,458 222
Proceeds from sales of foreclosed assets 2,051 1,302 2,441
Net cash used in investing activities (408,857) (159,841) (156,228)
Cash flows from financing activities:      
Net change in deposits 65,208 366,871 277,494
Net change in short-term borrowings 0 (26,550) (10,615)
Proceeds from subordinated debt issuance, net 0 0 49,070
Proceeds from notes payable and other borrowings 0 0 75,000
Payments to tax authorities for stock-based compensation (1,168) (625) (319)
Payments made on notes payable and other borrowings 0 (75,000) (95,000)
Cash dividends paid on common stock (8,012) (5,385) (2,528)
Payments to repurchase common stock (22,699) (9,227) (293)
Net cash provided by (used in) financing activities 33,329 250,084 292,809
Net change in cash and cash equivalents (251,938) 186,514 142,208
Beginning cash and cash equivalents 486,821 300,307 158,099
Ending cash and cash equivalents 234,883 486,821 300,307
Supplemental disclosures of cash flow information:      
Interest paid on deposits and borrowed funds 21,770 13,471 16,116
Income taxes paid 13,835 12,400 13,513
Supplemental schedule of noncash activities:      
Loans transferred to foreclosed assets 764 927 1,867
Business combination measurement period adjustment 0 0 1,211
Additions to mortgage servicing rights $ 3,069 $ 9,196 $ 9,829