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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Interest and dividends received $ 615,078,000 $ 512,693,000 $ 410,155,000
Service charges and other fees received 43,694,000 43,859,000 37,782,000
Interest paid (95,505,000) (8,583,000) (6,010,000)
Net cash paid to vendors, employees and others (197,739,000) (185,300,000) (176,807,000)
Income taxes (69,896,000) (88,938,000) (69,878,000)
Net cash provided by operating activities 295,632,000 273,731,000 195,242,000
Cash Flows from Investing Activities      
Proceeds of FHLB stock, net 9,615,000 (4,903,000) 0
Net change in interest-earning balances from depository institutions 1,337,000 26,446,000 17,564,000
Proceeds from repayment of investment securities available-for-sale 374,490,000 423,040,000 775,538,000
Proceeds from maturity of investment securities available-for-sale 329,000 90,172,000 330,000
Purchases of investment securities available-for-sale (46,415,000) (1,146,071,000) (1,648,575,000)
Proceeds from repayment and maturity of investment securities held-to-maturity 75,457,000 148,239,000 152,575,000
Purchases of investment securities held-to-maturity (2,026,000) (659,039,000) (1,510,112,000)
Net (increase) decrease in equity investments (13,594,000) 1,980,000 (4,010,000)
Net decrease (increase) in loan and lease finance receivables 180,332,000 (400,217,000) 497,293,000
Proceeds from sale of building, net of selling costs 0 8,315,000 1,157,000
Purchase of premises and equipment (4,521,000) (5,359,000) (4,677,000)
Proceeds from redemption of BOLI policies 67,768,000 0 0
Purchase of BOLI policies (109,000,000) 0 (25,000,000)
Proceeds from BOLI death benefit 2,505,000 11,430,000 12,414,000
Proceeds from sales of other real estate owned 0 0 5,012,000
Cash acquired from acquisition, net of cash paid 0 329,001,000 0
Net cash provided by (used in) investing activities 536,276,000 (1,176,966,000) (1,730,491,000)
Cash Flows from Financing Activities      
Net (decrease) increase in other deposits (1,504,372,000) (1,219,107,000) 1,313,953,000
Net increase (decrease) in time deposits 101,769,000 (103,661,000) (74,012,000)
Net increase (decrease) in other borrowings 1,075,000,000 992,719,000 (2,719,000)
Net (decrease) increase in customer repurchase agreements (293,789,000) (76,957,000) 202,982,000
Repayment of junior subordinated debentures 0 0 (25,774,000)
Cash dividends on common stock (111,686,000) (104,439,000) (97,733,000)
Repurchase of common stock (21,216,000) (46,330,000) (8,337,000)
Repurchase of common stock, ASR Plan 0 (70,000,000) 0
Proceeds from exercise of stock options 210,000 1,923,000 1,277,000
Net cash (used in) provided by financing activities (754,084,000) (625,852,000) 1,309,637,000
Net increase (decrease) in cash and cash equivalents 77,824,000 (1,529,087,000) (225,612,000)
Cash and cash equivalents, beginning of period 203,461,000 1,732,548,000 1,958,160,000
Cash and cash equivalents, end of period 281,285,000 203,461,000 1,732,548,000
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities      
Net earnings 221,435,000 235,425,000 212,521,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of building, net 0 (2,717,000) (189,000)
Gain on sale of other real estate owned 0 0 (1,177,000)
Write-down of BOLI (4,465,000) 0 0
Increase in BOLI (8,286,000) (5,356,000) (8,500,000)
Net amortization of premiums and discounts on investment securities 18,049,000 26,565,000 32,232,000
Accretion of discount for acquired loans, net (3,886,000) (7,904,000) (12,270,000)
Provision for (recapture of) credit loss 2,000,000 10,600,000 (25,500,000)
(Recapture of) provision for unfunded loan commitments (500,000) 0 (1,000,000)
Stock-based compensation 9,439,000 7,901,000 5,183,000
Depreciation and amortization, net 18,169,000 13,661,000 (6,426,000)
Change in other assets and liabilities 43,677,000 (4,444,000) 368,000
Total adjustments 74,197,000 38,306,000 (17,279,000)
Net cash provided by operating activities 295,632,000 273,731,000 195,242,000
Supplemental Disclosure of Non-cash Investing Activities      
Securities matured and not settled 15,000,000 0 0
Securities purchased and not settled 0 0 50,340,000
Transfer of loans to other real estate owned 0 0 443,000
Issuance of common stock for acquisition $ 0 $ 197,069,000 $ 0