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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net income $ 65,129 $ 25,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,792 3,031
Amortization of premiums and discounts on securities, net 4,012 1,746
Amortization of operating lease right-of-use assets 2,127 2,363
Other amortization and accretion, net (7,307) (366)
Stock based compensation 4,262 3,524
Origination of loans designated for sale (283,001) (203,935)
Sale of loans designated for sale 318,479 174,450
Provision for credit losses (10,570) 37,124
Deferred income taxes 4,833 (3,328)
Losses (gains) on sale of securities 73 (1,092)
Gains on sale of loans (9,411) (5,303)
Gains on sale and write-downs of other real estate owned (380) (485)
Losses on disposition of fixed assets and write-downs upon transfer of bank premises to other real estate owned 316 220
Changes in operating assets and liabilities, net of effects from acquired companies:    
Net decrease (increase) in other assets 1,086 (22,451)
Net (decrease) increase in other liabilities (10,726) 19,139
Net cash provided by operating activities 81,714 30,426
Cash Flows from Investing Activities    
Maturities and repayments of debt securities available-for-sale 288,171 134,488
Maturities and repayments of debt securities held-to-maturity 73,697 33,969
Proceeds from sale of debt securities available-for-sale 56,217 92,314
Purchases of debt securities available-for-sale (468,430) (239,160)
Purchases of debt securities held-to-maturity (172,004) 0
Maturities of time deposits with other banks 0 1,246
Net new loans and principal repayments 346,173 (431,182)
Purchases of loans held for investment (38,822) 0
Proceeds from sale of other real estate owned 4,954 4,503
Additions to other real estate owned (1,310) 0
Proceeds from sale of FHLB and Federal Reserve Bank Stock 2,704 33,448
Purchase of FHLB and Federal Reserve Bank Stock (59) (26,227)
Net cash from bank acquisition 0 33,883
Purchase of bank owned life insurance (25,000) 0
Additions to bank premises and equipment (701) (880)
Net cash provided by (used in) investing activities 65,590 (363,598)
Cash Flows from Financing Activities    
Net increase in deposits 903,875 908,288
Net increase in repurchase agreements 364 6,004
Net decrease in FHLB borrowings with original maturities of three months or less 0 (315,000)
Proceeds from FHLB borrowings with original maturities of more than three months 0 135,000
Stock based employee benefit plans 369 (1,331)
Dividends paid (7,155) 0
Net cash provided by financing activities 897,453 732,961
Net increase in cash and cash equivalents 1,044,757 399,789
Cash and cash equivalents at beginning of period 404,088 124,531
Cash and cash equivalents at end of period 1,448,845 524,320
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 6,462 15,756
Cash paid during the period for taxes 17,700 3,492
Recognition of operating lease right-of-use assets 35 52
Recognition of operating lease liabilities 35 52
Supplemental disclosure of non-cash investing activities:    
Transfer of debt securities from available-for-sale to held-to-maturity 210,805 0
Unsettled purchases of debt securities available-for-sale 28,750 0
Transfers from loans to other real estate owned 0 6,186
Transfers from bank premises to other real estate owned $ 3,318 $ 1,289