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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 87,091 $ 68,499 $ 66,538
Items not requiring (providing) cash      
Credit loss expense (recovery) (2,084) 20,751 1,976
Depreciation and amortization 11,169 10,589 9,688
Share based compensation 68 132 215
Mortgage servicing rights income 226 (737) (2,106)
Mortgage servicing rights, net impairment (2,578) 4,453 192
Premium amortization on securities, net 10,289 9,067 5,929
Loss (gain) on sale of investment securities (914) (4,297) 75
Gain on sale of mortgage loans (19,163) (26,721) (9,208)
Proceeds from sales of loans 458,255 601,336 275,809
Loans originated for sale (438,133) (584,065) (269,651)
Change in cash value life insurance (2,094) (2,243) (2,190)
Loss (gain) on other real estate owned (85) (197) (126)
Net change in:      
Interest receivable (4,222) (2,568) (2,101)
Interest payable (493) (350) 205
Other assets 10,964 (13,987) 99,735
Other liabilities (2,948) (897) (608)
Net cash provided by operating activities 105,348 78,765 174,372
Investing Activities      
Purchases of securities available for sale (837,684) (590,305) (425,879)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 287,714 318,897 248,422
Purchases of securities held to maturity (931,029) 0 0
Proceeds from maturities of securities held to maturity 30,544 37,529 8,384
Net change in interest–earning time deposits 4,183 (510) 7,289
Change in Federal Reserve and FHLB stock (1,417) (576) (803)
Net change in loans 469,412 (234,166) (59,420)
Proceeds on the sale of OREO and repossessed assets 1,286 2,047 4,744
Change in premises and equipment, net (1,440) (5,866) (4,612)
Death benefit on bank owned life insurance 783 264 580
Repurchase of outstanding stock (7,607) (19,636) (1,595)
Net cash used in investing activities (363,076) (492,322) (94,145)
Net change in:      
Deposits 425,449 600,131 50,282
Borrowings 201,137 (74,725) (71,040)
Proceeds from issuance of stock (293) 1,390 1,705
Net proceeds from issuance of subordinated notes 0 58,824 0
Dividends paid on common stock (24,768) (21,183) (20,835)
Net cash provided by (used in) financing activities 601,525 564,437 (39,888)
Net Change in Cash and Cash Equivalents 343,797 150,880 40,339
Cash and Cash Equivalents, Beginning of Period 249,711 98,831 58,492
Cash and Cash Equivalents, End of Period 593,508 249,711 98,831
Single Branch      
Investing Activities      
Net cash received in acquisition, Salin 622,179 0 0
Salin      
Investing Activities      
Net cash received in acquisition, Salin $ 0 $ 0 $ 128,745