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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 48,422 $ 42,595
Items not requiring (providing) cash    
Provision for (recovery of) credit losses (1,146) (1,125)
Depreciation and amortization 5,205 4,610
Share based compensation 1,156 826
Amortization of mortgage servicing rights 1,394 2,014
Mortgage servicing rights net impairment (2,594) (1,843)
Premium amortization on securities, net 6,211 4,573
Gain on sale of investment securities 0 (914)
Gain on sale of mortgage loans (4,528) (10,908)
Proceeds from sales of loans 162,849 256,395
Loans originated for sale (148,685) (239,177)
Change in cash value life insurance (1,029) (1,013)
Gain on sale of other real estate owned (618) 19
Net change in:    
Interest receivable (2,859) (306)
Interest payable 167 (282)
Other assets (11,986) 9,895
Other liabilities (578) (4,581)
Net cash provided by operating activities 51,381 60,778
Investing Activities    
Purchases of securities available for sale (179,849) (700,359)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 40,558 125,616
Purchases of securities held to maturity (413,093) 0
Proceeds from maturities of securities held to maturity 34,747 14,617
Net change in interest earning time deposits 983 1,971
Change in FHLB stock (2,237) 0
Net change in loans (294,325) 343,698
Proceeds on the sale of OREO and repossessed assets 3,017 873
Premises and equipment expenditures (3,224) 997
Proceeds from bank owned life insurance 2,910 0
Death benefit on bank owned life insurance 644 266
Net cash used in investing activities (809,869) (212,321)
Financing Activities    
Net change in deposits 42,594 250,493
Proceeds from borrowings 533,587 3,395
Repayment of borrowings (300,000) (54,980)
Net change in repurchase agreements 12,896 19,178
Net settlement of share awards (1,696) (1,347)
Exercise of stock options 94 769
Dividends paid on common stock (13,647) (11,505)
Net cash provided by financing activities 273,828 206,003
Net Change in Cash and Cash Equivalents (484,660) 54,460
Cash and Cash Equivalents, Beginning of Period 593,508 249,711
Cash and Cash Equivalents, End of Period 108,848 304,171
Additional Supplemental Information    
Interest paid 8,308 10,121
Income taxes paid 650 725
Transfer of loans to other real estate and repossessed assets $ 342 $ 601