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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 25,784 $ 23,779
Adjustments to reconcile net income to net cash from operating activities:    
Stock-based compensation 1,863 1,780
Depreciation 2,634 2,194
Amortization of operating lease right-of-use asset 216 323
Amortization of cloud computing implementation costs 70 94
Provision (reversal) for credit losses 1,265 (68)
Net amortization (accretion) of purchase valuation adjustments (1,182) (49)
Amortization (accretion) of premiums and discounts on securities (1,487) 2,327
Amortization of intangible assets 2,189 1,908
Deferred income taxes (1,462) 426
Federal Home Loan Bank stock dividends (493) (321)
Loss (gain) on sales and valuation adjustments on other real estate owned (126) 13
Net loss (gain) on sales and settlements of securities 252 1,330
Change in unrealized (gains) losses on equity securities (268) (40)
Loss (gain) on disposal of premises and equipment (220) (15)
Loss (gain) on sales of foreclosed assets 18 12
Loss (gain) on sales of loans 385 (220)
Originations of loans held for sale (18,480) (12,847)
Proceeds from the sale of loans held for sale 20,289 10,960
Increase in the value of bank-owned life insurance (1,739) (2,340)
Change in fair value of derivatives recognized in earnings (131) 505
Gain on acquition (1,300)  
Payments on operating lease payable (291) (441)
Net change in:    
Interest receivable 457 (730)
Other assets 5,052 8,442
Interest payable and other liabilities (4,626) 1,437
Net cash provided by operating activities 28,669 38,459
Cash flows (to) from investing activities    
Purchases of available-for-sale securities (125,834) (2,237)
Purchases of held-to-maturity securities (3,015) (275)
Proceeds from sales, calls, pay-downs and maturities of available-for-sale securities 161,812 90,222
Proceeds from calls, pay-downs and maturities of held-to-maturity securities 11 8
Net change in loans (2,279) (11,147)
Purchase of USDA guaranteed loans (6,907) (1,235)
Purchase of premises and equipment (2,858) (6,911)
Proceeds from sale of premises and equipment 2,285 39
Proceeds from sale of foreclosed assets 239 136
Net redemptions (purchases) of Federal Home Loan Bank and Federal Reserve Bank stock (12,070) 887
Net redemptions (purchases) of correspondent and miscellaneous other stock (492) (2,613)
Proceeds from sale of other real estate owned 890 308
Purchsae of bank owned life insurance (60,000)  
Purchase of bank owned life insurance 16,174  
Proceeds from bank-owned life insurance death benefits   2,071
Net cash (used in) provided by investing activities 28,870 69,253
Cash flows (to) from financing activities    
Net increase (decrease) in deposits (153,843) (10,932)
Net change in federal funds purchased and retail repurchase agreements (14,369) (1,708)
Net borrowings (repayments) on Federal Home Loan Bank line of credit 150,306 (138,864)
Proceeds from Federal Home Loan Bank term advances 600,000 766,091
Principal repayments on Federal Home Loan Bank term advances (600,000) (666,091)
Proceeds from Federal Reserve Bank borrowings   141,000
Principal payments on Federal Reserve Bank borrowings (140,000) (1,000)
Proceeds from the exercise of employee stock options 292  
Proceeds from employee stock purchase plan 368 458
Purchase of treasury stock (11,859) (17,767)
Net change in contractual obligations (3,545) (2,010)
Dividends paid on common stock (3,722) (3,218)
Net cash (used in) provided by financing activities (176,372) 65,959
Net change in cash and cash equivalents (118,833) 173,671
Cash and cash equivalents, beginning of period 379,099 104,428
Ending cash and cash equivalents 260,266 278,099
Supplemental cash flow information:    
Interest paid 59,449 33,219
Income taxes paid, net of refunds 3,236 3,061
Supplemental noncash disclosures:    
Other real estate owned acquired in settlement of loans 1,923 408
Other repossessed assets acquired in settlement of loans 338 169
Purchase of investments in tax credit structures and resulting contractual obligations 8,000 $ 16,400
Redemption of BOLI and other related noncash items 40,104  
Rockhold BanCorp [Member]    
Cash flows (to) from investing activities    
Purchase of Net Assets of Bank of Kirksville, Net of cash acquired 60,914  
Supplemental noncash disclosures:    
Total fair value of assets acquired in purchase of Bank of Kirksville, net of cash 301,018  
Total fair value of liabilities assumed in purchase of Bank of Kirksville $ 360,632