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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 35,926 $ 38,802 $ 36,340
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 12,668 3,571 2,393
Depreciation and amortization of premises and equipment 4,458 3,448 2,912
Amortization of premiums on investments, net 1,468 195 40
Amortization of FDIC indemnification asset, net 1,690 2,377 2,181
Amortization of intangible assets 1,450 997 1,039
Goodwill impairment 0 0 1,492
Accretion on acquired loans (7,991) (3,231) (6,391)
Equity-based compensation expense 1,643 1,481 1,158
Issuance of common stock to 401(k) plan 507 411 352
Gain on sale of premises and equipment, net (59) (75) (25)
Provision expense and loss on sale of other real estate owned 319 1,253 1,313
(Gain) loss on sale of securities (385) 43 618
Writedowns of property, plant & equipment 812 380 1,007
Loss on extinguishment of debt 0 0 1,096
(Increase) decrease in other operating activities (6,662) 7,003 3,974
Net cash provided by operating activities 45,844 56,655 49,499
Investing activities      
Proceeds from sale of securities available for sale 51,027 13,898 8,937
Proceeds from maturities, prepayments, and calls of securities available for sale 44,676 32,863 68,765
Proceeds from maturities and calls of securities held to maturity 0 25,000 0
Payments to acquire securities available for sale (10,267) (8,255) (67,355)
(Originations of) proceeds from repayments loans, net (69,259) 85,233 39,512
Proceeds from bank owned life insurance 0 0 458
(Redemption of) payments for FHLB stock, net (12) 129 (2,122)
Cash proceeds from mergers, acquisitions, and divestitures, net 0 25,863 10
Payments to the FDIC (30) (152) (151)
Proceeds from sale of premises and equipment 2,861 1,955 955
Payments to acquire premises and equipment (3,195) (8,411) (2,551)
Proceeds from sale of other real estate owned 1,997 3,254 2,940
Net cash provided by investing activities 17,798 171,377 49,398
Financing activities      
Increase in noninterest-bearing deposits, net 144,927 12,604 5,407
Increase (decrease) in interest-bearing deposits, net 71,408 (41,445) (79,548)
Repayments of securities sold under agreements to repurchase, net (637) (27,769) (716)
Repayments of FHLB and other borrowings, net (40) 0 (50,000)
Proceeds from stock options exercised 0 136 384
Payments for repurchase of common stock (21,872) (16,362) (34,412)
Payments of common stock dividends (17,876) (15,060) (21,090)
Net cash provided by (used in) financing activities 175,910 (87,896) (179,975)
Net increase (decrease) in cash and cash equivalents 239,552 140,136 (81,078)
Cash and cash equivalents at beginning of period 217,009 76,873 157,951
Cash and cash equivalents at end of period 456,561 217,009 76,873
Supplemental disclosure -- cash flow information      
Cash paid for interest 5,500 5,661 7,935
Cash paid for income taxes 9,074 8,057 7,610
Supplemental transactions -- non-cash items      
Transfer of loans to other real estate 695 3,160 5,686
Loans originated to finance other real estate 266 484 164
Increase in accumulated other comprehensive loss 417 77 589
Non-cash sales price related to divestitures 0 0 1,603
Fair value of assets acquired 0 556,005 0
Fair value of liabilities assumed 0 506,179 0
Net assets acquired 0 49,826 0
Common stock issued in acquisition $ 0 $ 86,631 $ 0