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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income (loss) $ (3,499) $ 18,789
Items not requiring (providing) cash    
Depreciation and amortization 2,587 2,703
Provision for loan losses 34,950 5,700
Accretion of discounts and amortization of premiums on securities 3,063 2,535
Equity based compensation 2,016 2,281
Foreclosed asset impairment 1,117 0
Deferred income taxes (3,853) 2,056
Net realized gains on available-for-sale debt securities (713) (433)
Goodwill impairment 7,397 0
Changes in    
Interest receivable (3,683) (2,611)
Other assets (1,284) (6,172)
Other liabilities (2,130) 5,195
Net cash provided by operating activities 35,968 30,043
Investing Activities    
Net change in loans (581,641) (409,602)
Purchases of available-for-sale securities (27,312) (107,948)
Proceeds from maturities of available-for-sale securities 58,974 26,468
Proceeds from sale of available-for-sale securities 19,052 60,254
Proceeds (purchase) of premises and equipment, net (1,658) 3,014
Purchase of restricted equity securities, net (2,839) (558)
Net cash used in investing activities (535,424) (428,372)
Financing Activities    
Net increase in demand deposits, savings, NOW and money market accounts 459,589 84,269
Net increase (decrease) in time deposits (79,205) 291,770
Net increase (decrease) in repurchase agreements and federal funds purchased 34,960 (49,025)
Proceeds from Federal Home Loan Bank advances 118,000 45,000
Repayment of Federal Home Loan Bank advances (26,126) (20,120)
Retirement of preferred stock 0 (30,000)
Issuance of common shares, net and change in employee receivables 43 1,677
Acquisition of common stock for tax withholding obligations (754) (235)
Dividends paid on preferred stock 0 (175)
Net cash provided by financing activities 506,507 323,161
Increase (Decrease) in Cash and Cash Equivalents 7,051 (75,168)
Cash and Cash Equivalents, Beginning of Period 187,320 216,541
Cash and Cash Equivalents, End of Period 194,371 141,373
Supplemental Cash Flows Information    
Interest paid 27,818 35,366
Income taxes paid 0 775
Foreclosed assets in settlement of loans $ 0 $ 2,471