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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 24,278 $ 23,642
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 1,538 1,516
Provision for credit losses 4,350 417
Amortization of loan servicing rights 133 223
Net change in loan servicing rights valuation allowance 0 (360)
Loans originated for sale, including participations (795) (12,468)
Net gain on sales of loans (34) (513)
Proceeds from sale of loans, including participations 672 18,058
Net (gain) loss on sales of premises and equipment (4) 1
Net gain on sales and calls of securities available-for-sale (16) 0
Net securities amortization 1,192 1,654
Stock based compensation expense 2,161 2,260
Losses (earnings) on life insurance (691) 83
Tax benefit of stock award issuances (720) (500)
Net change:    
Interest receivable and other assets 501 (2,822)
Interest payable and other liabilities (5,122) 16,513
Total adjustments 3,165 24,062
Net cash from operating activities 27,443 47,704
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 87,471 0
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 19,500 29,647
Proceeds from maturities, calls and principal paydowns of securities held-to-maturity 5 0
Purchases of securities available-for-sale (4,046) (292,127)
Purchase of life insurance (153) (43)
Net (increase) decrease in total loans (50,273) (66,537)
Proceeds from sales of land, premises and equipment 11 0
Purchases of land, premises and equipment (2,155) (1,091)
Proceeds from redemption of Federal Home Loan Bank stock 0 932
Net cash from investing activities 50,360 (329,219)
Cash flows from financing activities:    
Net increase (decrease) in total deposits 57,108 85,216
Net increase (decrease) in short-term borrowings (22,000) 0
Proceeds from short-term FHLB borrowings (75,000) 0
Common dividends paid (11,749) (10,198)
Payments related to equity incentive plans (3,124) (1,728)
Purchase of treasury stock (204) (212)
Sale of treasury stock 405 221
Net cash from financing activities (54,564) 73,299
Net change in cash and cash equivalents 23,239 (208,216)
Cash and cash equivalents at beginning of the period 130,282 683,240
Cash and cash equivalents at end of the period 153,521 475,024
Cash paid during the period for:    
Interest 25,462 3,470
Supplemental non-cash disclosures:    
Securities purchases payable 0 2,146
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 1,612