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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 25,254 $ 19,618
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 3,924 1,297
Provision for loan losses 14,708 1,913
Loss on sale/writedown of ORE 835 382
Securities gain (246) (74)
Acquisition gain (7,023) 0
(Gain)/loss on sale/writedown of premises and equipment (461) 8
Restricted stock expense 1,017 781
Increase in cash value of life insurance (749) (863)
Federal Home Loan Bank stock dividends (101) (101)
Payments on right-of-use assets (810) (350)
Residential loans originated and held for sale (137,632) (77,862)
Proceeds from sale of residential loans held for sale 130,024 74,090
Changes in:    
Interest receivable (7,623) (691)
Interest payable (313) 191
Other, net 6,283 (1,183)
Net cash from operating activities 27,087 17,156
Cash flows from investing activities:    
Maturities, calls and paydowns of available-for-sale and held-to-maturity securities 97,688 44,075
Proceeds from sales of securities available-for-sale 579 23,003
Purchases of available-for-sale securities (154,432) (67,147)
Redemptions of other securities 1,735 292
Net increase in loans (176,865) (45,357)
Net increase in premises and equipment (3,972) (4,427)
Proceeds from sale of other real estate owned 1,840 1,107
Proceeds from the sale of land 1,416 422
Proceeds from the sale of other assets   65
Purchase of bank-owned life insurance (5,800) 0
Cash received in excess of cash paid for acquisitions 29,245 14,743
Net cash provided by (used) in investing activities (208,566) (33,224)
Cash flows from financing activities:    
Increase in deposits 663,948 61,254
Net decrease in borrowed funds (107,814) (31,500)
Dividends paid on common stock (3,957) (2,367)
Cash paid to repurchase common stock   (4,442)
Repurchase of restricted stock for payment of taxes (437) 0
Net cash provided by financing activities 551,740 22,945
Net change in cash and cash equivalents 370,261 6,877
Beginning cash and cash equivalents 168,864 159,107
Ending cash and cash equivalents 539,125 165,984
Supplemental disclosures:    
Cash payments for interest 5,005 5,008
Non-cash activities:    
Loans transferred to other real estate 553 1,310
Issuance of restricted stock grants 65 67
Dividends on restricted stock grants 59 18
Lease liabilities arising from obtaining right-of-use assets 2,669 4,354
FPB acquisition    
Non-cash activities:    
Stock issued in connection with acquisition   78,220
SWG    
Non-cash activities:    
Stock issued in connection with acquisition $ 47,858 $ 0