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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 64,410 $ 46,624
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 3,969 8,939
Provision for credit loss 13,250 4,900
Loss on sale or writedown of ORE 753 252
Securities loss 46 82
Acquisition gain 0 (281)
Loss (gain) on loss of premises and equipment (559) 114
Restricted stock expense 1,650 1,720
Increase in cash value of life insurance (2,390) (1,576)
Federal Home Loan Bank stock dividends (279) (8)
Residential loans originated and held for sale (76,169) (113,058)
Proceeds from sale of residential loans held for sale 74,652 118,511
Changes in:    
Interest receivable 1,530 166
Interest payable 10,476 (346)
Operating lease liability (1,208) 3,900
Other, net (9,774) 1,844
Net cash provided by operating activities 80,357 71,783
Securities available-for-sale    
Sales 171,150 21,069
Maturities, prepayments, and calls 88,490 148,168
Purchases (1,000) (7,000)
Held-to-maturity securities:    
Maturities, prepayments, and calls 35,827 9,013
Purchases 0 (602,218)
Purchases of other securities (9,563) (8,580)
Proceeds from other securities 8,741 1,237
Net increase in loans (145,047) (273,335)
Net changes in premises and equipment (2,749) (9,146)
Proceeds from sale of other real estate owned 1,098 2,260
Proceeds from the sale of premises and equipment 1,416 712
Bank-owned life insurance – death proceeds 0 1,630
Cash received in excess of cash paid for acquisitions 106,973 23,939
Net cash provided by (used in) investing activities 255,336 (692,251)
Cash flows from financing activities:    
Decrease in deposits (408,603) (165,921)
Net change in borrowed funds 171,900 65,000
Principal payments on finance lease liabilities (134) (132)
Dividends paid on common stock (20,200) (11,544)
Cash paid to repurchase common stock 0 (22,180)
Called/repayment of subordinated debt (26,000) 0
Repurchase of restricted stock for payment of taxes (339) (627)
Net cash used in financing activities (283,376) (135,404)
Net change in cash and cash equivalents 52,317 (755,872)
Beginning cash and cash equivalents 145,315 919,713
Ending cash and cash equivalents 197,632 163,841
Supplemental disclosures:    
Loans transferred to other real estate 1,543 1,490
Issuance of restricted stock grants 168 130
Dividends on restricted stock grants 273 176
Lease liabilities arising from obtaining right-of-use assets 560 2,647
BBI    
Supplemental disclosures:    
Issuance of common shares for acquisitions 0 101,469
Lease liabilities arising from acquisitions 0 3,390
HSBI    
Supplemental disclosures:    
Issuance of common shares for acquisitions 6,920,422 0
Lease liabilities arising from acquisitions $ 184 $ 0