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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities      
Net income $ 12,173 $ 19,778 $ 29,919
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Net premium amortization/discount (accretion) on securities   1,712 2,128
Securities (gains) losses, net (3,463) 25 (4,476)
Provision for credit losses 550 10,413 1,450
Originations of loans held-for-sale   (296,388) (126,929)
Proceeds from sales of loans held-for-sale   300,045 127,455
Net gain on sales of mortgage loans (2,074) (12,123) (3,999)
Change in fair value of mortgage servicing rights 946 2,739 2,902
Net discount / premium from (accretion) amortization on loans   (841) (1,052)
Change in cash surrender value of BOLI 267 942 1,045
Net gains on sale of other real estate owned (104) (188) (254)
Provision for other real estate owned valuation losses 203 264 399
Depreciation of fixed assets and amortization of leasehold improvements   2,075 1,869
Net (gains) / losses on disposal and transfer of fixed assets     (32)
Amortization of core deposit intangible 157 374 410
Change in current income taxes receivable   (781) 3,319
Provision for deferred tax expense   (693) 4,493
Change in accrued interest receivable and other assets   (19,144) (7,441)
Accretion of purchase accounting adjustment on time deposits     (38)
Amortization of purchase accounting adjustment on notes payable and other borrowings   25 75
Amortization of junior subordinated debentures issuance costs   643 36
Amortization of senior notes issuance costs   79 86
Change in accrued interest payable and other liabilities   8,060 6,366
Stock based compensation   1,623 1,905
Net cash provided by operating activities   16,755 37,546
Cash flows from investing activities      
Proceeds from maturities and calls including pay down of securities available-for-sale   41,645 32,631
Proceeds from sales of securities available-for-sale 57,228 18,006 177,824
Purchases of securities available-for-sale   (14,681) (136,096)
Net proceeds from sales of FHLBC stock     2,722
Net change in loans   (100,370) (2,833)
Proceeds from claims on BOLI   483  
Proceeds from sales of other real estate owned, net of participation purchase   3,140 2,644
Proceeds from disposition of premises and equipment     32
Net purchases of premises and equipment   (2,635) (2,330)
Net cash provided by investing activities   (54,412) 74,594
Cash flows from financing activities      
Net change in deposits   352,494 (42,144)
Net change in securities sold under repurchase agreements   10,575 2,238
Net change in other short-term borrowings   (42,375) (65,500)
Redemption of junior subordinated debentures   (32,604)  
Issuance of term note   20,000  
Repayment of term note   (2,000)  
Net change in notes payable and other borrowings   (229) (6,598)
Proceeds from exercise of stock options     32
Dividends paid common stock   (893) (896)
Purchase of treasury stock   (4,803) (470)
Net cash used in financing activities   300,165 (113,338)
Net change in cash and cash equivalents   262,508 (1,198)
Cash and cash equivalents at beginning of period   50,632 55,235
Cash and cash equivalents at end of period $ 54,037 $ 313,140 $ 54,037