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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:            
Net income $ 20,271   $ 23,931 $ 39,999 $ 47,549  
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization       2,560 2,533  
Deferred taxes       306 (643)  
Stock-based compensation       742 423  
Provision for credit losses (recovery) 77 $ 900 (4,257) 952 (6,756) $ (6,386)
Write-downs of other real estate owned and other repossessed assets       269 504  
Gains on sale of mortgage loans held for sale (519)   (1,907) (1,116) (4,340)  
Securities (gains)/losses       1 (60)  
Fair value adjustment in equity securities 224   (280) 125 (52)  
Gains on sale of assets, net       (43) (227)  
Proceeds from sale of mortgage loans held for sale       49,301 196,989  
Funding of mortgage loans held for sale       (46,489) (174,303)  
Amortization of securities premiums and discounts, net       3,341 3,824  
Change in cash surrender value of bank owned life insurance       (878) (682)  
Payment of operating lease liabilities       (894) (855)  
Mortgage servicing rights:            
Fair value adjustments       (994) (421)  
New servicing assets created       (452) (1,410)  
Changes in:            
Accrued interest receivable       (386) 351  
Other assets       (154) 1,047  
Accrued interest payable       847 375  
Other liabilities       (855) 6,098  
Net cash provided by operating activities       46,182 69,944  
Securities available-for-sale (AFS):            
Purchase of AFS securities       (178,054) (559,810)  
Proceeds from sales of AFS securities       0 1,080  
Proceeds from prepayments, calls, and maturities of AFS securities       102,230 187,189  
Change in loans, net       (149,504) 106,337  
Purchase of premises and equipment       (2,262) (612)  
Proceeds from sale and retirement of premises and equipment       0 812  
Proceeds from sale of stock by Federal Home Loan Bank       0 1,020  
Proceeds from sale of other real estate owned and repossessed assets       888 1,128  
Additional investment in other real estate owned and repossessed assets       (73) 0  
Proceeds from settlement of bank owned life insurance       1 0  
Net cash used in investing activities       (226,774) (262,856)  
Cash flows from financing activities:            
Change in deposits, net       128,636 307,620  
Change in repurchase agreements and federal funds purchased, net       (32,355) 14,706  
Proceeds from Federal Home Loan Bank advances       20,000 0  
Payments on advances from Federal Home Loan Bank       (20,010) (10)  
Payment of finance lease liabilities       (12) (8)  
Issuance of common stock       499 480  
Dividends paid       (14,256) (13,691)  
Net cash provided by financing activities       82,502 309,097  
Net increase (decrease) in cash and cash equivalents       (98,090) 116,185  
Cash and cash equivalents at beginning of period   $ 311,756   311,756 338,235 338,235
Cash and cash equivalents at end of period $ 213,666   $ 454,420 213,666 454,420 $ 311,756
Supplemental disclosures:            
Income taxes paid       8,710 11,030  
Interest paid       7,210 7,462  
Non-cash activities:            
Loans to facilitate the sale of other real estate owned and repossessed assets       935 475  
Common stock dividends accrued, paid in subsequent quarter       257 239  
Real estate acquired in settlement of loans       $ 444 $ 251