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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 93,294 $ 74,645 $ 58,869
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 10,257 (753) 18,418
Depreciation, amortization and accretion, net 20,658 11,329 9,743
Deferred income tax expense (benefit) 1,823 5,401 (7,508)
Gain on sale of mortgage loans held for sale (521) (3,602) (4,713)
Origination of mortgage loans held for sale (135,045) (157,304) (258,525)
Proceeds from sale of mortgage loans held for sale 145,133 177,910 249,439
Bank owned life insurance income [1] (1,597) (914) (693)
(Gain)/loss on the disposal of premises and equipment [1] (4,369) 78 (150)
(Gain)/loss on the sale of other real estate owned (46) (163) 73
Loss on disposition of LFA 870 0 0
Stock compensation expense 4,394 4,565 3,262
Excess tax benefit from share-based compensation arrangements (1,713) (1,482) (452)
Net change in accrued interest receivable and other assets (14,137) 4,007 (20,880)
Net change in accrued interest payable and other liabilities (10,259) (11,617) 30,242
Net cash provided by operating activities 108,742 102,100 77,125
Cash flows from investing activities:      
Purchases of available for sale debt securities (196,488) (504,777) (455,368)
Proceeeds from sales of acquired available for sale debt securities 2,111 91,214 0
Proceeds from maturities and paydowns of available for sale debt securities 169,499 210,052 348,736
Purchases of held to maturity debt securities (459,183) 0 0
Proceeds from maturities and paydowns of held to maturity debt securities 145,902 0 0
Purchase of bank owned life insurance (30,000) 0 0
Proceeds from redemption of Federal Home Loan Bank stock 2,883 8,980 0
Proceeds from the disposition of LFA 4,993 0 0
Proceeds from the sale of held for investment loans 0 0 2,794
Net change in non-PPP loans (423,622) (342,468) (144,353)
Purchase of loans from broker (82,074) 0 0
Purchases of premises and equipment (18,441) (4,581) (5,458)
Proceeds from sale or disposal of premises and equipment 24,732 0 1,240
Other investment activities (3,502) (5,181) (2,381)
Proceeds from sales of other real estate owned 7,168 919 258
Cash for acquisition, net of cash acquired 349,456 24,981 0
Net cash used in investing activities (384,425) (78,874) (804,718)
Cash flows from financing activities:      
Net change in deposits (515,669) 759,752 854,618
Net change in securities sold under agreements to repurchase and federal funds purchased (9,929) 15,037 16,661
Proceeds from Federal Home Loan Bank advances 50,000 30,000 100,000
Repayments of Federal Home Loan Bank advances 0 (152,744) (148,495)
Repayment of acquired line of credit (3,200) 0 0
Repurchase of common stock (4,534) (3,618) (2,265)
Share repurchases related to compensation plans (272) (208) (224)
Cash disbursements to non-controlling interest (322) 0 0
Disposition of LFA (915) 0 0
Cash dividends paid (33,301) (28,198) (24,481)
Net cash provided by financing activities (518,142) 620,021 795,814
Net change in cash and cash equivalents (793,825) 643,247 68,221
Beginning cash and cash equivalents 961,192 317,945 249,724
Ending cash and cash equivalents 167,367 961,192 317,945
Supplemental cash flow information:      
Interest paid 17,909 6,093 12,199
Income tax paid, net of refunds 20,892 14,259 12,468
Cash paid for operating lease liabilities 3,833 2,568 2,218
Supplemental non-cash activity:      
Unfunded commitments in tax credit investments 6,517 5,217 8,958
Loans purchased and not settled 0 0 5,000
Due to broker 22,245 20,998 0
Dividends payable to stockholders 230 220 213
Loans transferred to OREO 587 7,136 119
Premises and equipment transferred to premises held for sale 21,662 0 0
Fair value of assets acquired 1,403,509 1,389,327 0
Cash paid in acquisition 30,994 28,276 0
Common stock issued in acquisition 133,825 204,670 0
Non-controlling interest of acquired entity 3,094 0 0
Total consideration paid 167,913 232,946 0
Liabilities assumed 1,235,596 1,156,381 0
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member]      
Cash flows from investing activities:      
Net change in PPP loans $ 122,141 $ 441,987 $ (550,186)
[1] Outside of the scope of ASC 606.