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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 38,889 $ 49,315
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 3,069 3,020
Provision for credit losses 5,150 417
Amortization of loan servicing rights 286 385
Net change in loan servicing rights valuation allowance 0 (701)
Loans originated for sale, including participations (4,266) (23,082)
Net gain on sales of loans (127) (777)
Proceeds from sale of loans, including participations 3,421 28,430
Net (gain) loss on sales of premises and equipment (1) 1
Net gain on sales and calls of securities available-for-sale (19) 0
Net securities amortization 2,369 3,245
Stock based compensation expense (393) 4,620
Losses (earnings) on life insurance (1,384) 266
Tax benefit of stock award issuances (720) (500)
Net change:    
Interest receivable and other assets (1,411) 165
Interest payable and other liabilities (7,958) 26,355
Total adjustments (1,984) 41,844
Net cash from operating activities 36,905 91,159
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 99,951 0
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 38,886 59,617
Proceeds from maturities, calls and principal paydowns of securities held-to-maturity 6 5
Purchases of securities available-for-sale (4,314) (313,905)
Purchase of life insurance (191) (657)
Net (increase) decrease in total loans (157,846) (137,525)
Proceeds from sales of land, premises and equipment 13 1
Purchases of land, premises and equipment (3,823) (2,314)
Purchase of Federal Home Loan Bank stock (5,625) 0
Proceeds from redemption of Federal Home Loan Bank stock 0 932
Net cash from investing activities (32,943) (393,846)
Cash flows from financing activities:    
Net increase (decrease) in total deposits (37,561) (113,823)
Net increase (decrease) in short-term borrowings (22,000) 0
Payments On Short-Term FHLB Borrowings 0 (75,000)
Proceeds from short-term FHLB borrowings 125,000 0
Common dividends paid (23,529) (20,410)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (3,124) (1,728)
Purchase of treasury stock (285) (285)
Sale of treasury stock 405 221
Net cash from financing activities 38,893 (211,038)
Net change in cash and cash equivalents 42,855 (513,725)
Cash and cash equivalents at beginning of the period 130,282 683,240
Cash and cash equivalents at end of the period 173,137 169,515
Cash paid during the period for:    
Interest 57,011 8,768
Income taxes 7,125 7,065
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 284 0
Right-of-use assets obtained in exchange for lease liabilities $ 0 $ 1,612