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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,245 $ 14,181
Adjustments to reconcile net income to net cash provided by operations:    
Provision for credit loss expense 1,643 2,122
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights 1,758 1,721
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income (985) (963)
Net amortization of deferred costs on borrowings 75 0
Accretion of deferred PPP processing fees (1,237) (2,731)
Net realized gains on sales of available-for-sale securities (651) 0
Net realized and unrealized (gains) losses on equity securities 394 (120)
Gain on sale of loans (724) (1,144)
Net losses (gains) on dispositions of premises and equipment and foreclosed assets 0 42
Proceeds from sale of loans 9,731 22,807
Origination of loans held for sale (15,645) (18,612)
Income on bank owned life insurance (694) (486)
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) 0 (454)
Restricted stock compensation expense 501 509
Changes in:    
Accrued interest receivable and other assets (3,102) (2,190)
Accrued interest payable, lease liabilities, and other liabilities (2,521) (3,572)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,788 11,110
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, prepayments and calls of available-for-sale securities 30,475 44,082
Proceeds from sales of available-for-sale securities 22,164 0
Purchase of available-for-sale securities (30,181) (84,961)
Proceeds from maturities, prepayments and calls of held-to-maturity securities 7,220 0
Purchases of held-to-maturity securities (213,853) 0
Purchase of equity securities (120) (108)
Loan origination and payments, net (113,804) (22,471)
Proceeds from death benefit of bank owned life insurance policies 0 1,389
Redemption (purchase) of FHLB, other equity, and restricted equity interests (615) 555
Purchase of premises and equipment (1,874) (1,439)
Proceeds from the sale of premises and equipment and foreclosed assets 37 130
NET CASH USED BY INVESTING ACTIVITIES (300,551) (62,823)
Net change in:    
Checking, money market and savings accounts 23,757 193,911
Certificates of deposit (48,513) (17,555)
Purchase of treasury stock (1,670) (159)
Cash dividends paid, common stock (2,960) (2,860)
Cash dividends paid, preferred stock (1,075) (1,075)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES (30,461) 172,262
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (327,224) 120,549
CASH AND CASH EQUIVALENTS, Beginning 732,198 532,694
CASH AND CASH EQUIVALENTS, Ending 404,974 653,243
Cash paid during the period for:    
Interest 3,668 5,053
Income taxes 1,133 726
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers to other real estate owned 0 4
Transfers from loans held for sale to loans held for investment 5,600 0
Transfers from available-for-sale to held-to-maturity 101,069 0
Grant of restricted stock awards from treasury stock 976 1,228
Grant of performance based restricted stock awards from treasury stock 173 262
Lease liabilities arising from obtaining right-of-use assets $ 6,077 $ 0