v3.22.4
Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,193 $ 16,140
Adjustments to reconcile net income to net cash provided by operating activities:    
ESOP and stock-based compensation expense 2,631 3,095
Depreciation and amortization 4,209 7,193
Deferred income taxes (45) 3
Provision (release) for credit losses (1,000) (2,000)
Net gain on the sale of loans (17) (2,187)
Other net (gains) losses (300) 199
Proceeds from sales of loans held for sale 6,699 10,454
Loans originated and principal repayments on loans for sale (9,676) (23,460)
Increase in bank owned life insurance contracts (2,238) (2,136)
Net (increase) decrease in interest receivable and other assets (6,617) 3,091
Net increase (decrease) in accrued expenses and other liabilities 62,971 (2,735)
Net cash provided by operating activities 78,810 7,657
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loans originated (857,810) (1,206,814)
Principal repayments on loans 626,555 994,804
Proceeds from principal repayments and maturities of:    
Securities available for sale 21,945 57,735
Proceeds from sale of:    
Loans 12,381 60,418
Real estate owned 45 310
Purchases of:    
FHLB stock (10,125) 0
Payments to Acquire Debt Securities, Available-for-sale (40,318) (65,261)
Premises and equipment (1,963) (281)
Other 457 1,534
Net cash used in investing activities (248,833) (157,555)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 92,037 (60,005)
Net decrease in borrowers’ advances for insurance and taxes (8,180) 33,705
Net decrease in principal and interest owed on loans serviced (1,413) (5,821)
Net increase (decrease) in short-term borrowed funds (85,000) (60,000)
Net increase (decrease) in Fed Funds purchased (75,000) 0
Proceeds from Issuance of Long-Term Debt 350,000 150,000
Repayment of long-term borrowed funds (1,142) (1,329)
Cash collateral received from (provided to) derivative counterparties (7,677) 29,114
Purchase of treasury shares (4,919) (1,364)
Dividends paid to common shareholders (14,666) (14,719)
Net cash provided by financing activities 244,040 69,581
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 74,017 (80,317)
CASH AND CASH EQUIVALENTS—Beginning of period 369,564 488,326
CASH AND CASH EQUIVALENTS—End of period 443,581 408,009
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 428 286
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfer of loans to real estate owned 236 73
Transfer of loans from held for investment to held for sale 12,368 74,509
Treasury stock issued for stock benefit plans 1,751 1,906
Deposits    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 28,797 19,571
Borrowed funds    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 35,375 4,066
Interest Rate Swap    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Payments For Proceeds From Interest On Interest Rate Swaps $ (4,064) $ 10,946