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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Operating Activities          
Net income     $ 26,294 $ 27,458  
Items not requiring (providing) cash          
Provision for credit losses $ 7,057 $ 896 15,657 1,260  
Depreciation and amortization     4,909 4,380  
Share based compensation     77 115  
Mortgage servicing rights income     (466) (1,165)  
Mortgage servicing rights net impairment     3,201 (11) $ 192
Premium amortization on securities, net     4,266 2,589  
(Gain) loss on sale of investment securities (248) 100 (587) 85  
Gain on sale of mortgage loans (6,620) (2,078) (10,093) (3,387)  
Proceeds from sales of loans     258,207 92,314  
Loans originated for sale     (259,939) (91,074)  
Change in cash value life insurance     (1,111) (1,068)  
Gain on sale of other real estate owned     7 (11)  
Net change in:          
Interest receivable     (1,357) (2,288)  
Interest payable     (709) 148  
Other assets     1,811 97,207  
Other liabilities     661 7,780  
Net cash provided by operating activities     40,828 134,332  
Investing Activities          
Purchases of securities available for sale     (207,160) (176,629)  
Proceeds from sales, maturities, calls and principal repayments of securities available for sale     126,826 165,638  
Proceeds from maturities of securities held to maturity     16,138 4,551  
Net change in interest-earning time deposits     (792) 7,654  
Change in FHLB stock     (1,161) (803)  
Net change in loans     (340,505) (84,406)  
Proceeds on the sale of OREO and repossessed assets     444 1,260  
Change in premises and equipment, net     (2,913) (1,538)  
Death benefit on bank owned life insurance     233 367  
Repurchase of outstanding stock     (19,636) 0  
Net cash provided by (used in) investing activities     (428,526) 44,839  
Net change in:          
Deposits     376,597 50,049  
Borrowings     33,458 (184,548)  
Proceeds from issuance of stock     671 1,496  
Net proceeds from issuance of subordinated notes     58,824 0  
Dividends paid on common stock     (10,548) (9,974)  
Net cash provided by (used in) financing activities     459,002 (142,977)  
Net Change in Cash and Cash Equivalents     71,304 36,194  
Cash and Cash Equivalents, Beginning of Period     98,831 58,492 58,492
Cash and Cash Equivalents, End of Period $ 170,135 $ 94,686 170,135 94,686 $ 98,831
Additional Supplemental Information          
Interest paid     18,786 22,440  
Income taxes paid     0 1,300  
Transfer of loans to other real estate and repossessed assets     939 1,213  
Transfer of premises to other real estate     0 1,564  
Right-of-use assets exchanged for lease obligations     0 3,411  
Salin          
Investing Activities          
Net cash received in acquisition, Salin     $ 0 $ 128,745