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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 4,507 $ 29,173
Items not requiring (providing) cash    
Depreciation and amortization 3,888 4,015
Provision for loan losses 45,825 10,550
Accretion of discounts and amortization of premiums on securities 4,632 4,098
Equity based compensation 3,223 3,606
Foreclosed asset impairment 1,270 0
Deferred income taxes (5,098) 2,088
Net realized gains on available-for-sale debt securities (1,725) (467)
Goodwill impairment 7,397 0
Changes in    
Interest receivable (3,287) (1,817)
Other assets (2,845) (9,837)
Other liabilities (4,599) 13,261
Net cash provided by operating activities 53,188 54,670
Investing Activities    
Net change in loans (652,251) (576,897)
Purchases of available-for-sale securities (35,326) (157,492)
Proceeds from maturities of available-for-sale securities 102,529 48,658
Proceeds from sale of available-for-sale securities 31,810 63,515
Purchase of premises and equipment (4,849) (649)
Proceeds from the sale of fixed assets 121 3,324
Purchase of restricted equity securities, net (2,839) (732)
Net cash used in investing activities (560,805) (620,273)
Financing Activities    
Net increase in demand deposits, savings, NOW and money market accounts 667,849 237,934
Net increase (decrease) in time deposits (99,060) 212,077
Net decrease in repurchase agreements and federal funds purchased (1,390) (50,596)
Net increase in federal funds sold 0 25,000
Proceeds from Federal Home Loan Bank advances 138,000 45,000
Repayment of Federal Home Loan Bank advances (160,643) (50,181)
Retirement of preferred stock 0 (30,000)
Issuance of common shares, net of issuance cost 0 88,782
Acquisition of common stock for tax withholding obligations (869) (245)
Net decrease in employee receivables 46 117
Dividends paid on preferred stock 0 (700)
Net cash provided by financing activities 543,933 477,188
Increase (Decrease) in Cash and Cash Equivalents 36,316 (88,415)
Cash and Cash Equivalents, Beginning of Period 187,320 216,541
Cash and Cash Equivalents, End of Period 223,636 128,126
Supplemental Cash Flows Information    
Interest paid 37,238 54,998
Income taxes paid 7,335 1,030
Foreclosed assets in settlement of loans $ 0 $ 2,471