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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 11,696 $ 40,005 $ 52,681
Adjustments to reconcile net income to net cash provided (used) by operating activities      
Deferred income taxes 893 913 2,786
Provision for credit losses 2,057   (3,500)
Depreciation and amortization 8,525 8,467 8,868
Amortization and accretion of premiums/discounts on investment securities 2,047 3,387 3,744
Amortization of operating lease right-of-use assets (15) (229) (58)
Share-based compensation expense 1,628 1,904 3,095
Originations on loans held for sale (296,831) (604,763) (1,592,108)
Proceeds on loans held for sale 302,252 653,302 1,716,053
(Increase) in value of bank-owned life insurance (877) (835) (793)
Realized loss (gain) on derivative instruments 365 2,006 8,459
Realized loss (gain) on loans sold (7,323) (11,616) (48,038)
Realized loss (gain) on sale of foreclosed assets (17) 71 (275)
Realized loss (gain) on sale of investment securities 24,643   (125)
Realized loss (gain) on BOLI mortality (1,196)    
Realized loss (gain) on servicing rights (3) (702) (638)
Realized loss (gain) on sale of ESOP trustee line of business (2,775)    
Net change in:      
Accrued interest receivable (2,831) (3,241) 1,125
Other assets (5,528) 5,324 (7,309)
Accrued expenses and other liabilities (7,728) 8,973 5,865
Net cash provided (used) by operating activities 28,982 102,966 149,832
Investing Activities      
Proceeds from sales or calls of investment securities available-for-sale 171,758   13,189
Proceeds from maturities of investment securities available-for-sale 67,346 105,633 125,581
Purchases of investment securities available-for-sale   (95,600) (571,595)
Proceeds from calls of investment securities held-to-maturity 242 963 1,772
Proceeds from maturities and paydowns of investment securities held-to-maturity 20,623 27,429 12,545
Purchases of investment securities held-to-maturity     (218,363)
Net (increase) decrease in loans (314,718) (416,150) 221,006
Net (increase) decrease in FHLB stock 2,796 (15,556) (716)
Net cash received (paid) for business combinations   101,511  
Proceeds from BOLI mortality claim 2,828    
Purchases of premises and equipment (3,173) (1,789) (1,706)
Proceeds from sales of foreclosed assets 210 937 629
Net cash provided (used) by investing activities (52,088) (292,622) (417,658)
Financing Activities      
Net increase (decrease) in deposits 180,127 (358,752) 348,558
Net increase (decrease) in short-term borrowings (63,910) 378,080  
Repayments of long-term debt   (203) (49,920)
Proceeds from the issuance of subordinated debt     50,000
Cash dividends paid on common stock (14,822) (12,800) (10,751)
Repurchase of common stock (6,638) (738) (712)
Net cash provided (used) by financing activities 94,757 5,587 337,175
Net change in cash and cash equivalents 71,651 (184,069) 69,349
Cash and cash equivalents at beginning of period 58,242 242,311 172,962
Cash and cash equivalents at end of period 129,893 58,242 242,311
Supplemental Cash Flow Disclosures      
Interest paid 72,644 15,095 4,538
Income taxes paid 10,840 12,531 13,124
Cash dividends declared, not paid 3,757 3,615 2,776
Cash and cash equivalents acquired   101,696  
Supplemental Disclosures of Noncash Investing and Financing Activities      
Loan collateral transferred to foreclosed assets (195) 153 1,176
Investment securities transferred to held-to-maturity     149,191
Right-of-use assets obtained in exchange for new operating lease liabilities, net 1,868 4,266 $ 267
Change in fair value hedges presented within residential real estate loans and other liabilities $ (166)    
Noncash assets acquired   297,745  
Liabilities assumed   (354,358)  
Issuance of common stock for the acquisition of Metro Phoenix Bank   (64,019)  
Net noncash acquired   $ (120,632)