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
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 27,024 $ 23,830
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:    
Provision for Credit Losses (1,553) 8,303
Depreciation 5,666 5,174
Amortization of Premiums, Discounts and Fees, net 11,401 5,256
Amortization of Intangible Asset 80 0
Pension Plan Settlement Charge 2,500 0
Originations of Loans Held-for-Sale (1,247,119) (561,609)
Proceeds From Sales of Loans Held for Sale 1,326,747 500,190
Net Gain From Sales of Loans Held-for-Sale (42,625) (45,633)
Net Additions for Capitalized Mortgage Servicing Rights 138 0
Change in Valuation Provision for Mortgage Servicing Rights (250) 0
Stock Compensation 657 610
Net Tax Benefit From Stock-Based Compensation (4) (84)
Deferred Income Taxes (3,085) (1,127)
Net change in operating leases (122) 811
Net Gain on Sales and Write-Downs of Other Real Estate Owned (1,640) (876)
Net Decrease (Increase) in Other Assets 70 (23,482)
Net Increase in Other Liabilities 8,283 32,808
Net Cash Provided By (Used In) Operating Activities 86,168 (55,829)
Securities Held to Maturity:    
Purchases (235,356) (32,250)
Payments, Maturities, and Calls 61,673 67,245
Securities Available for Sale:    
Purchases (478,000) (77,775)
Payments, Maturities, and Calls 148,968 153,702
Purchases of Loans Held for Investment (92,336) (29,538)
Net Decrease (Increase) in Loans Held for Investment 150,590 (134,416)
Net Cash Paid For Brand Acquisition (4,482) (2,405)
Proceeds From Sales of Other Real Estate Owned 3,892 2,558
Purchases of Premises and Equipment (4,590) (7,842)
Noncontrolling Interest Contributions 5,424 2,091
Net Cash Used In Investing Activities (444,217) (58,630)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 248,402 363,992
Net (Decrease) Increase in Short-Term Borrowings (28,458) 84,438
Repayment of Other Long-Term Borrowings (1,233) (1,152)
Dividends Paid (7,758) (7,052)
Payments to Repurchase Common Stock 0 (2,043)
Issuance of Common Stock Under Purchase Plans 667 466
Net Cash Provided By Financing Activities 211,620 438,649
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (146,429) 324,190
Cash and Cash Equivalents at Beginning of Period 928,549 378,423
Cash and Cash Equivalents at End of Period 782,120 702,613
Supplemental Cash Flow Disclosures:    
Interest Paid 2,679 3,673
Income Taxes Paid 12,759 6,991
Noncash Investing and Financing Activities:    
Loans Transferred to Other Real Estate Owned $ 1,636 $ 1,956