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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Interest and dividends received $ 400,867 $ 438,795 $ 363,217
Service charges and other fees received 39,525 42,489 35,915
Interest paid (13,627) (21,193) (13,241)
Net cash paid to vendors, employees and others (168,036) (182,568) (171,998)
Income taxes (73,633) (69,341) (48,876)
Payments to FDIC, loss share agreement 0 0 (64)
Net cash provided by operating activities 185,096 208,182 164,953
Cash Flows from Investing Activities      
Proceeds from redemption of FHLB stock 0 0 17,250
Net change in interest-earning balances from depository institutions (40,632) 4,739 13,076
Proceeds from sale of investment securities held-for-sale 0 152,644 716,996
Proceeds from repayment of investment securities available-for-sale 642,576 364,126 383,155
Proceeds from maturity of investment securities available-for-sale 9,807 7,109 24,651
Purchases of investment securities available-for-sale (1,231,163) (492,995) (98,709)
Proceeds from repayment and maturity of investment securities held-to-maturity 146,309 114,569 81,816
Purchases of investment securities held-to-maturity (52,855) (47,587) 0
Net increase in equity investments (3,608) (16,488) (24,863)
Net (increase) decrease in loan and lease finance receivables (743,290) 231,105 (179,054)
Proceeds on eminent domain condemnation, net 0 5,685 3,425
Proceeds from sale of building, net of selling costs 2,131 5,755 0
Purchase of premises and equipment (4,672) (5,522) (4,194)
Proceeds from BOLI death benefit 5,477 1,660 2,383
Proceeds from sales of other real estate owned 1,162 523 8,067
Cash acquired from acquisition, net of cash paid 0 0 (132,918)
Net cash (used in) provided by investing activities (1,268,758) 325,323 811,081
Cash Flows from Financing Activities      
Net increase (decrease) in other deposits 3,076,187 (36,926) (444,316)
Net decrease in time deposits (44,614) (85,636) (145,033)
Repayment of FHLB advances 0 0 (297,571)
Net increase (decrease) in other borrowings 5,000 (280,000) 114,000
Net increase (decrease) in customer repurchase agreements 10,747 (13,596) (111,518)
Cash dividends on common stock (98,475) (95,352) (65,966)
Repurchase of common stock (92,772) (2,640) (7,760)
Proceeds from exercise of stock options 231 2,215 1,701
Net cash provided by (used in) financing activities 2,856,304 (511,935) (956,463)
Net increase in cash and cash equivalents 1,772,642 21,570 19,571
Cash and cash equivalents, beginning of period 185,518 163,948 144,377
Cash and cash equivalents, end of period 1,958,160 185,518 163,948
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities      
Net earnings 177,159 207,827 152,003
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of investment securities, net 0 (5) 0
Gain on eminent domain condemnation, net 0 (5,685) 0
Gain on sale of building, net (1,680) (4,776) 0
Gain on sale of other real estate owned (365) (105) (3,540)
Increase in BOLI (5,303) (5,670) (5,751)
Net amortization of premiums and discounts on investment securities 15,045 10,298 13,531
Accretion of discount for acquired loans, net (17,412) (28,831) (15,400)
Provision for credit losses 23,500 5,000 1,500
Recapture of provision for unfunded loan commitments 0 0 (250)
Valuation allowance on other real estate owned 700 0 0
Payments to FDIC, loss share agreement 0 0 (64)
Stock-based compensation 5,529 5,548 3,508
Depreciation and amortization, net (1,157) 22,036 8,349
Change in other assets and liabilities (10,920) 2,545 11,067
Total adjustments 7,937 355 12,950
Net cash provided by operating activities 185,096 208,182 164,953
Supplemental Disclosure of Non-cash Investing Activities      
Securities purchased and not settled 60,113 0 0
Transfer of loans to other real estate owned 0 4,889 420
Issuance of common stock for acquisition $ 0 $ 0 $ 722,767