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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 54,284 $ 74,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (reversal of provision) for credit losses 6,782 (11,524)
Depreciation of premises and equipment 3,323 3,523
Net amortization of investment securities premiums and discounts 1,168 2,078
Net gain on sales of investment securities (30) (140)
Net gain on mortgage banking activities (3,976) (12,623)
Bank owned life insurance income (2,557) (3,262)
Stock-based compensation 2,998 2,674
Intangible expenses 992 712
Other adjustments to reconcile net income to cash used in operating activities (2,896) (4,956)
Originations of loans held for sale (198,547) (396,418)
Proceeds from the sale of loans held for sale 215,424 417,920
Contributions to pension and other postretirement benefit plans (189) (198)
Decrease (increase) in accrued interest receivable and other assets 2,252 (882)
Increase (decrease) in accrued interest payable and other liabilities 4,449 (5,750)
Net cash provided by operating activities 83,477 65,543
Cash flows from investing activities:    
Proceeds from sale of premises and equipment 6,844 0
Purchases of premises and equipment (3,673) (3,241)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity 27,700 52,121
Proceeds from maturities, calls and principal repayments of securities available-for-sale 25,132 40,088
Proceeds from sales of securities available-for-sale 1,530 4,135
Purchases of investment securities held-to-maturity (10,427) (14,852)
Purchases of investment securities available-for-sale (111,611) (102,585)
Proceeds from sales of money market mutual funds 3,506 5,818
Purchases of money market mutual funds (3,708) (5,336)
Proceeds from sales of other real estate owned 0 7,255
Net increase in other investments (1,289) (496)
Proceeds from sale of loans originally held-for-investment 2,500 996
Net (increase) decrease in loans and leases (562,235) 54,661
Proceeds from bank owned life insurance 1,221 2,302
Net cash (used in) provided by investing activities (624,510) 40,866
Cash flows from financing activities:    
Net (decrease) increase in deposits (268,171) 695,414
Net increase (decrease) in short-term borrowings 60,605 (3,805)
Repayment of long-term debt 0 (15,000)
Repayment of subordinated debt 0 (85,000)
Payment of contingent consideration on acquisitions 0 (58)
Payment, Tax Withholding, Share-based Payment Arrangement 0 (355)
Purchases of treasury stock (12,284) (295)
Stock issued under dividend reinvestment and employee stock purchase plans 1,934 1,824
Proceeds from exercise of stock options 575 1,045
Cash dividends paid (18,466) (17,680)
Net cash (used in) provided by financing activities (235,807) 576,090
Net (decrease) increase in cash and cash equivalents (776,840) 682,499
Cash and cash equivalents at beginning of year 890,150 219,858
Cash and cash equivalents at end of period 113,310 902,357
Supplemental disclosures of cash flow information:    
Cash paid for interest 20,095 18,516
Cash paid for income taxes, net of refunds 6,629 22,327
Transfer of loans to other real estate owned 18,325 126
Transfer of loans to loans held for sale $ 2,500 $ 996