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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income $ 709 $ 22,705
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,511 1,669
Amortization of premiums and discounts on securities, net 989 625
Amortization of operating lease right-of-use assets 1,274 1,025
Other amortization and accretion, net (1,531) (810)
Stock based compensation 2,000 2,129
Origination of loans designated for sale (73,223) (54,034)
Sale of loans designated for sale 66,126 54,813
Provision for credit losses 29,513 1,397
Deferred income taxes 2,207 1,216
Losses on sale of securities 95 87
Gains on sale of loans (2,138) (1,819)
Gains on sale and write-downs of other real estate owned (415) (187)
Losses on disposition of fixed assets 219 208
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net (increase) decrease in other assets (6,245) 1,653
Net increase (decrease) in other liabilities 3,595 (10,594)
Net cash provided by operating activities 24,686 20,083
Cash Flows from Investing Activities    
Maturities and repayments of debt securities available-for-sale 82,715 18,261
Maturities and repayments of debt securities held-to-maturity 8,894 8,830
Proceeds from sale of debt securities available-for-sale 27,765 35,048
Purchases of debt securities available-for-sale (74,213) 0
Maturities of time deposits with other banks 0 69
Net new loans and principal repayments 25,154 (3,141)
Proceeds from sale of other real estate owned 3,736 1,572
Proceeds from sale of FHLB and Federal Reserve Bank Stock 27,923 22,057
Purchase of FHLB and Federal Reserve Bank Stock (26,227) (9,749)
Net cash from bank acquisition 33,883 0
Proceeds from bank owned life insurance 0 12,378
Additions to bank premises and equipment (570) (849)
Net cash provided by investing activities 109,060 84,476
Cash Flows from Financing Activities    
Net increase in deposits 129,005 428,338
Net decrease in federal funds purchased and repurchase agreements (21,398) (66,318)
Net decrease in FHLB borrowings with original maturities of three months or less (170,000) (314,000)
Repayments of FHLB borrowings with original maturities of more than three months 0 (63,000)
Proceeds from FHLB borrowings with original maturities of more than three months 120,000 0
Stock based employee benefit plans (1,010) (1,519)
Dividends paid 0 0
Net cash provided by (used in) financing activities 56,597 (16,499)
Net increase in cash and cash equivalents 190,343 88,060
Cash and cash equivalents at beginning of period 124,531 115,951
Cash and cash equivalents at end of period 314,874 204,011
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 10,259 11,422
Cash paid during the period for taxes 0 0
New operating lease right-of-use assets 33 29,077
New operating lease liabilities 33 33,403
Supplemental disclosure of non cash investing activities:    
Transfer of debt securities from held-to-maturity to available-for-sale 0 52,796
Transfers from loans to other real estate owned $ 5,571 $ 430