Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 9,506 $ 4,287
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses (982) 4,990
Depreciation 1,942 1,623
Amortization of Premiums, Discounts and Fees, net 2,428 1,643
Originations of Loans Held-for-Sale (470,248) (150,840)
Proceeds From Sales of Loans Held for Sale 519,331 80,781
Net Gain From Sales of Loans Held-for-Sale (17,125) (3,030)
Net Additions for Capitalized Mortgage Servicing Rights 119 0
Change in Valuation Provision for Mortgage Servicing Rights (250) 0
Stock Compensation 219 291
Net Tax Benefit From Stock-Based Compensation (4) (84)
Deferred Income Taxes (378) (511)
Net change in operating leases (41) 192
Net (Gain) Loss on Sales and Write-Downs of Other Real Estate Owned (202) (931)
Net Increase in Other Assets (1,370) (20,255)
Net Increase in Other Liabilities 7,935 26,646
Net Cash (Used In) Provided By Operating Activities 50,880 (55,198)
Securities Held to Maturity:    
Purchases (54,382) (32,250)
Payments, Maturities, and Calls 24,629 19,370
Securities Available for Sale:    
Purchases (133,628) (26,795)
Payments, Maturities, and Calls 49,349 50,347
Purchases of Loans Held for Investment (23,686) (2,756)
Net Increase in Loans Held for Investment (29,437) (22,191)
Net Cash Paid For Brand Acquisition 0 (2,405)
Proceeds From Sales of Other Real Estate Owned 1,084 1,155
Purchases of Premises and Equipment (1,592) (4,773)
Noncontrolling Interest Contributions 1,259 0
Net Cash Used In Investing Activities (166,404) (20,298)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase (Decrease) in Deposits 140,548 (99,869)
Net Increase (Decrease) in Short-Term Borrowings (24,181) 70,018
Repayment of Other Long-Term Borrowings (1,014) (524)
Dividends Paid (2,528) (2,357)
Payments to Repurchase Common Stock 0 (708)
Issuance of Common Stock Under Purchase Plans 33 125
Net Cash Provided By (Used In) Financing Activities 112,858 (33,315)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,666) (108,811)
Cash and Cash Equivalents at Beginning of Period 928,549 378,423
Cash and Cash Equivalents at End of Period 925,883 269,612
Supplemental Cash Flow Disclosures:    
Interest Paid 1,009 1,562
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned $ 184 $ 734