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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 62,745 $ 58,240 $ 58,614
Adjustments to reconcile net income to net cash from operating activities:      
Provision for credit losses 4,610 (2,619) (1,918)
Provision for foreclosed asset losses 142 0 0
Depreciation and amortization 6,412 6,965 6,436
Accretion and amortization 3,381 4,072 4,513
Other gains, net (275) (166) (729)
Gain on sale of subsidiary (33,778) 0 0
Loss on sale of securities 3,409 0 0
Net gain on sales of loans (11,027) (20,764) (51,184)
Proceeds from sales of loans held for sale 347,583 662,294 1,513,961
Loans originated for sale (322,122) (598,495) (1,437,003)
Deferred income tax expense 99 1,359 1,453
Earnings on bank-owned life insurance (1,330) (1,196) (1,247)
Stock-based compensation 2,157 2,753 1,639
Change in valuation of mortgage servicing rights 2,375 (4,705) (1,455)
Net change in:      
Accrued interest receivable and other assets (8,502) (1,067) 3,382
Accrued expenses and other liabilities 2,660 16,919 (191)
Net cash provided by operating activities 58,539 123,590 96,271
Activity in securities available for sale:      
Purchases (199,898) (176,713) (61,548)
Sales 52,828 0 0
Maturities, prepayments, and calls 240,106 81,253 120,325
Loan originations and principal collections, net (270,196) (311,459) (218,458)
Purchases of premises and equipment (4,681) (4,469) (2,920)
Proceeds from sales of premises and equipment 968 480 1,458
Proceeds from sale of subsidiary 36,080 0 0
Proceeds from sales of foreclosed assets 1,417 2,051 1,302
Net cash used in investing activities (143,376) (408,857) (159,841)
Cash flows from financing activities:      
Net change in deposits 219,723 65,208 366,871
Net change in short-term borrowings 0 0 (26,550)
Payments to tax authorities for stock-based compensation (731) (1,168) (625)
Payments made on notes payable and other borrowings 0 0 (75,000)
Payments made on subordinated debt (12,372) 0 0
Cash dividends paid on common stock (8,745) (8,012) (5,385)
Payments to repurchase common stock (17,763) (22,699) (9,227)
Net cash provided by financing activities 180,112 33,329 250,084
Net change in cash and cash equivalents 95,275 (251,938) 186,514
Beginning cash and cash equivalents 234,883 486,821 300,307
Ending cash and cash equivalents 330,158 234,883 486,821
Supplemental disclosures of cash flow information:      
Interest paid on deposits and borrowed funds 70,065 21,770 13,471
Income taxes paid 19,388 13,835 12,400
Supplemental schedule of noncash activities:      
Loans transferred to foreclosed assets 2,130 764 927
Premises and equipment transferred to foreclosed assets 172 0 0
Additions to mortgage servicing rights $ 1,470 $ 3,069 $ 9,196