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Consolidated Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 48,717,000 $ 72,381,000
Items not requiring (providing) cash:    
Provision for credit losses 7,501,000 (10,882,000)
Depreciation 2,884,000 3,256,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations 5,162,000 1,888,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries 1,251,000 (575,000)
Amortization of intangibles 2,818,000 3,197,000
Change in deferred taxes (606,000) 2,582,000
Proceeds from the sale of loans held for sale 187,315,000 467,067,000
Originations of loans held for sale (168,157,000) (440,523,000)
Mortgage banking gain, net (3,710,000) (8,311,000)
Loss (gain) on sale / write-down of real estate and other assets held for sale (65,000) (11,000)
Loss (gain) on sale of available for sale securities 0 (1,985,000)
Loss (gain) on equity securities 1,804,000 (802,000)
Stock based compensation expense 917,000 1,207,000
Restricted stock forfeitures for taxes and option exercises (334,000) (617,000)
Income from bank owned life insurance (1,979,000) (2,028,000)
Changes in:    
Accrued interest receivable and other assets (35,105,000) (10,767,000)
Other liabilities 24,327,000 (10,101,000)
Net cash provided by (used by) operating activities 72,740,000 64,976,000
Investing Activities    
Proceeds from maturities, calls and pay-downs of available-for-sale securities 56,756,000 81,930,000
Proceeds from sale of available-for-sale securities 0 105,064,000
Proceeds from sale of premises and equipment, real estate and other assets held for sale 309,000 209,000
Purchases of available-for-sale securities (122,457,000) (740,534,000)
Purchases of equity securities (1,000,000) (11,053,000)
Net change in Federal Home Loan Bank stock (12,406,000) 3,279,000
Purchases of premises and equipment, net (1,342,000) (630,000)
Proceeds from bank owned life insurance 0 893,000
Net (increase) decrease in loans receivable (601,854,000) 144,510,000
Net cash used by investing activities (681,994,000) (416,332,000)
Financing Activities    
Net increase in deposits and advance payments by borrowers 250,405,000 242,091,000
Net change in Federal Home Loan Bank advances 380,000,000 105,000,000
Net cash paid for repurchase of common stock (26,868,000) (4,851,000)
Cash dividends paid on common stock (21,455,000) (18,642,000)
Net cash provided by financing activities 582,082,000 323,598,000
Increase (decrease) in cash and cash equivalents (27,172,000) (27,758,000)
Cash and cash equivalents at beginning of period 161,566,000 159,266,000
Cash and cash equivalents at end of period 134,394,000 131,508,000
Supplemental cash flow information:    
Interest paid 6,707,000 9,176,000
Income taxes paid $ 7,110,000 3,000
Initial recognition of right-of-use asset   500,000
Initial recognition of lease liability   500,000
Transfers from loans to real estate and other assets held for sale   $ 120,000