XML 14 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating activities:      
Net income $ 9,987 $ 30,317  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,427 3,326  
Provision (credit) 24,469 (128) $ 4,684
Stock based compensation expense 754 690  
Tax benefits associated with share based compensation 28 41  
Deferred income tax expense/ (benefit) (5,205) 1,069  
Origination of loans held for sale (217,560) (97,286)  
Proceeds from sales of loans held for sale 208,409 97,456  
Gains on sales of loans held for sale (4,262) (2,395)  
Losses on sales of other real estate owned 9 0  
Investment securities gains (169) 0  
Increase (Decrease) in Operating Capital [Abstract]      
Net increase in accrued interest receivable (588) (1,573)  
Net (increase)/ decrease in other assets (19,317) 5,191  
Net increase/(decrease) in accrued expenses and other liabilities 7,976 (10,381)  
Other - net 5,055 992  
Net cash provided by operating activities 13,013 27,319  
Investing activities:      
(Purchases) of other equity securities (10,582)    
Proceeds from other equity securities   12,620  
Purchases of investments available-for-sale (241,682) (15,919)  
Proceeds from sales of investment available-for-sale 13,104 0  
Proceeds from maturities, calls and principal payments of investments available-for-sale 127,111 34,829  
Net (increase) in loans (17,760)    
Net decrease in loans   1,644  
Proceeds from the sales of other real estate owned 27 0  
Acquisition of business activity, net of cash paid (26,925) 0  
Expenditures for premises and equipment (696) (1,066)  
Net cash provided by/ (used in) investing activities (157,403) 32,108  
Financing activities:      
Net increase in deposits 153,555 309,643  
Net decrease in retail repurchase agreements and federal funds purchased (88,300) (204,803)  
Proceeds from advances from FHLB 250,000 1,079,000  
Repayment of advances from FHLB (9,716) (1,201,333)  
Retirement of subordinated debt (10,310) 0  
Proceeds from issuance of common stock 412 343  
Stock tendered for payment of withholding taxes 0 (101)  
Repurchase of common stock (25,702) 0  
Dividends paid (10,544) (10,008)  
Net cash provided by/ (used in) financing activities 259,395 (27,259)  
Net increase in cash and cash equivalents 115,005 32,168  
Cash and cash equivalents at beginning of period 146,103 101,481 101,481
Cash and cash equivalents at end of period 261,108 133,649 $ 146,103
Supplemental Disclosures:      
Interest payments 17,055 21,455  
Income tax payments 0 0  
Transfer of investments held-to-maturity to available-for-sale 0 0  
Transfer from loans to residential mortgage loans held for sale 0 0  
Transfers from loans to other real estate owned $ 0 $ 0