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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net income $ 10,086 $ 4,074
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,086 1,171
Depreciation and amortization 1,108 1,104
Net amortization (accretion) of premium (discount) on investment securities 532 (86)
Amortization of core deposit intangible 823 946
Accretion of discount on retained SBA loans (243) (333)
Deferred tax expense 214 1,017
Originations of loans held for sale (1,729) (9,380)
Proceeds from loans held for sale 2,209 6,109
Net gains on sale of loans held for sale (155) (464)
Gain on sale of investment securities (5)  
Loss on sale of other real estate owned 3  
Fair value adjustment on SBA servicing asset 170 405
Stock-based compensation 207 377
Increase in cash surrender value of BOLI (88) (89)
Net change in operating assets and liabilities:    
Net change in accrued interest receivable 595 (94)
Net change in accrued interest payable (140) (40)
Net change in other assets (1,610) (30)
Net change in other liabilities (2,139) (286)
Net cash provided by operating activities 10,924 4,401
Cash Flows From Investing Activities:    
Purchases of investment securities available for sale (754,235)  
Sales of investment securities available for sale 6,918  
Paydown and maturities of investment securities available for sale 509,721 2,386
Purchase of FHLB and other bank stock (9) (46)
Sale of FHLB and other bank stock   2,696
Proceeds from the sale of loans held for investment 45,193 50,208
Net change in loans (91,357) (39,375)
Proceeds from the sale of other real estate owned 130  
Purchase of premises and equipment (1,171) (2,353)
Net cash received from branch sale 60  
Net cash (paid) in business combination   (129,461)
Net cash (used in) investing activities (284,750) (115,945)
Cash Flows From Financing Activities:    
Net change in deposits 143,372 9,508
Proceeds from long-term borrowings   10,950
Repayment of long-term borrowings (50,339) (11,654)
Proceeds from short-term borrowings   10,000
Repayment of short-term borrowings (10,000)  
Net change in secured borrowings (34) (1,160)
Common stock dividends (3,079)  
Purchase of treasury stock (1,096) (4,805)
Exercise of stock options and warrants 1,534 401
Net cash provided by financing activities 80,358 13,240
Net Change in Cash and Cash Equivalents (193,468) (98,304)
Cash and Cash Equivalents at Beginning of Period 263,034 325,957
Cash and Cash Equivalents at End of Period 69,566 227,653
Supplemental Disclosures of Cash Flow Information:    
Interest paid 3,473 5,016
Income taxes paid $ 5,100  
Supplemental disclosure of noncash investing and financing activities:    
Transfer of loans to other real estate owned and repossessed assets   78
Fair value of assets acquired in business combination, excluding cash   270,873
Goodwill recorded   12,499
Liabilities assumed in business combination   $ 139,721

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