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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Cash Flows [Abstract]      
Net income $ 118,557 $ 81,461 $ 92,015
Adjustments to reconcile net income to net cash provided by operating activities:      
(Recovery of) provision for credit losses (4,303) 36,001 15,833 [1]
Depreciation of premises and equipment 5,093 5,673 5,786
Depreciation - leased equipment 13,694 20,203 25,128
Stock-based compensation 4,214 3,293 2,765
Amortization of investment securities premiums and accretion of discounts, net 6,684 6,057 4,014
Amortization of mortgage servicing rights 2,117 2,361 1,312
Mortgage servicing rights (recoveries) impairments (812) 812 0
Amortization of right of use assets 3,095 2,842 3,046
Deferred income taxes 15,396 (24,160) (5,730)
Losses (gains) on investment securities available-for-sale 680 (279) 0
Originations of loans held for sale, net of principal collected (261,559) (330,990) (145,097)
Proceeds from the sales of loans held for sale 267,694 351,337 139,050
Net gains on sale of loans held for sale (6,534) (12,955) (2,940)
Net gains on sale of other real estate and repossessions (672) (138) (487)
Net gain on sale of premises and equipment 0 0 (1,251)
Change in interest receivable 2,482 (1,117) (245)
Change in interest payable (2,111) (9,923) 4,968
Change in other assets 17,757 12,782 11,213
Change in other liabilities (14,990) 10,293 13,492
Other 279 940 1,734
Net change in operating activities 166,761 154,493 164,606
Investing activities:      
Proceeds from sales of investment securities available-for-sale 99,208 8,403 0
Proceeds from maturities and paydowns of investment securities available-for-sale 336,364 443,617 317,295
Purchases of investment securities available-for-sale (1,145,697) (597,296) (351,189)
Net change in partnership investments (24,897) (54,981) (33,840)
Net change in other investments 240 985 (10)
Loans sold or participated to others 54,623 17,462 53,369
Proceeds from principal payments on direct finance leases 40,751 54,771 69,188
Net change in loans and leases 36,414 (489,477) (392,475)
Net change in equipment owned under operating leases 2,913 26,414 (2,495)
Purchases of premises and equipment (2,886) (2,850) (8,033)
Proceeds from disposal of premises and equipment 129 23 3,418
Proceeds from sales of other real estate and repossessions 4,279 10,271 10,855
Net change in investing activities (598,559) (582,658) (333,917)
Financing activities:      
Net change in demand deposits and savings accounts 1,016,257 1,069,843 54,272
Net change in time deposits (283,220) (481,141) 180,732
Net change in short-term borrowings 49,386 4,748 (53,451)
Proceeds from issuance of long-term debt 0 10,000 0
Payments on long-term debt (13,460) (2,905) (2,695)
Stock issued under stock purchase plans 90 39 49
Acquisition of treasury stock (33,136) (6,415) (15,085)
Net change in noncontrolling interests 9,361 23,442 18,796
Cash dividends paid on common stock (31,340) (29,764) (29,021)
Net change in financing activities 713,938 587,847 153,597
Net change in cash and cash equivalents 282,140 159,682 (15,714)
Cash and cash equivalents, beginning of year 243,047 83,365 99,079
Cash and cash equivalents, end of year $ 525,187 $ 243,047 $ 83,365
[1] ASU 2016-13 adopted during 2020 therefore 2019 provision amount reflects the incurred method.