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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 91,729 $ 67,405 $ 20,044
Adjustments to reconcile net income to net cash provided by operating activities:      
Net premium / discount amortization on securities 3,317 5,217 2,932
Securities losses (gains), net 4,148 944 (232)
Provision for credit losses 16,501 6,550 4,326
Originations of loans held-for-sale (52,091) (76,607) (239,175)
Proceeds from sales of loans held-for-sale 52,186 81,776 254,374
Net gains on sales of mortgage loans (1,477) (2,022) (9,300)
Mortgage servicing rights mark to market loss (gain) 1,425 (3,177) (1,261)
Net accretion of discount on loans and unfunded commitments (3,067) (6,339) (1,177)
Net change in cash surrender value of BOLI (2,120) (718) (1,390)
Net gains on sale of other real estate owned (256) (163) (41)
Provision for other real estate owned valuation losses 269 104 79
Depreciation of fixed assets and amortization of leasehold improvements 4,485 4,085 3,152
Write-down of fixed assets     3,809
Net gains on disposal and transfer of fixed assets (623) (2,017)  
Amortization of core deposit intangibles 2,461 2,626 644
Change in current income taxes receivable (4,872) 12,048 (9,286)
Deferred tax expense 1,857 969 6,479
Change in accrued interest receivable and other assets (5,881) (940) 6,865
Accretion of purchase accounting adjustment on time deposits (1,226) (1,582) (155)
Change in accrued interest payable and other liabilities 6,033 6,225 (11,075)
Stock based compensation 3,603 2,960 1,435
Net cash provided by operating activities 116,401 97,344 31,047
Cash flows from investing activities      
Proceeds from maturities and calls, including pay down of securities available-for-sale 186,049 279,848 138,874
Proceeds from sales of securities available-for-sale 205,738 30,981 605,846
Purchases of securities available-for-sale (13,414) (301,649) (886,103)
Net purchases of FHLBC/FRBC stock (12,825) (7,273)  
Net change in loans (197,574) (443,904) 122,102
Purchases of BOLI policies (590) (590) (591)
Proceeds from sales of other real estate owned, net of participations and improvements 2,005 941 5,828
Proceeds from disposition of premises and equipment 4,542 13,346  
Net purchases of premises and equipment (12,376) (4,332) (2,033)
Cash paid for acquisition, net of cash and cash equivalents acquired   (146) 148,995
Net cash provided by (used in) investing activities 161,555 (432,778) 132,918
Cash flows from financing activities      
Net change in deposits (538,751) (353,927) 235,078
Net change in securities sold under repurchase agreements (5,686) (18,181) (16,643)
Net change in other short-term borrowings 315,000 90,000  
Issuance of subordinated debentures, net of issuance costs     59,148
Repayment of term note (9,000) (4,000) (4,000)
Net change in notes payable and other borrowings, excluding term note   (6,056) (315)
Repayment of senior notes (45,000)    
Dividends paid on common stock (8,946) (8,877) (4,612)
Purchase of treasury stock (605) (455) (10,417)
Net cash (used in) provided by financing activities (292,988) (301,496) 258,239
Net change in cash and cash equivalents (15,032) (636,930) 422,204
Cash and cash equivalents at beginning of period 115,177 752,107 329,903
Cash and cash equivalents at end of period 100,145 115,177 752,107
Supplemental cash flow information      
Income taxes paid, net 35,670 11,232 10,592
Interest paid for deposits 14,210 3,418 2,752
Interest paid for borrowings 24,238 6,777 5,366
Non-cash transfer of loans to other real estate owned 5,580 87 $ 196
Non-cash transfer of fixed assets to other assets $ 582 $ 4,568