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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 57,719 $ 57,693
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (5,747)  
Depreciation, amortization and accretion, net 15,581 13,643
Deferred income tax provision 15,059 355
Stock-based compensation 3,135 3,037
Other losses 1,566 1,090
Originations of loans held for sale (6,566) (61,552)
Proceeds from sales of loans held for sale 6,194 67,067
Net (gains) losses on sales of loans originated for investment and held for sale   (1,486)
Change in assets and liabilities:    
Net (increase) decrease in other assets (33,509) 27,030
Net increase in other liabilities 12,830 47,323
Net cash provided by operating activities 66,262 154,200
Available-for-sale securities:    
Proceeds from maturities and principal repayments 383,290 448,655
Proceeds from calls and sales 970 145
Purchases (563,925) (1,178,760)
Other investments:    
Proceeds from sales 2,690 2,404
Purchases (2,841) (14,515)
Loans:    
Net decrease (increase) in loans and leases resulting from originations and principal repayments 180,505 (45,193)
Proceeds from sales of loans originated for investment   220
Purchases of loans (114,677) (558)
Purchases of premises, equipment and software (2,695) (3,791)
Proceeds from sales of other real estate owned 176  
Other   (1,171)
Net cash used in investing activities (116,507) (792,564)
Cash flows from financing activities    
Net increase in deposits 454,284 905,958
Dividends paid (33,151) (33,812)
Stock tendered for payment of withholding taxes (3,197) (2,373)
Common stock repurchased   (9,543)
Net cash provided by financing activities 417,936 860,230
Net increase in cash and cash equivalents 367,691 221,866
Cash and cash equivalents at beginning of period 1,258,469 1,040,944
Cash and cash equivalents at end of period 1,626,160 1,262,810
Supplemental disclosures    
Interest paid 3,545 8,894
Income taxes paid, net of income tax refunds 2,124 981
Noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new lease obligations 761 6,864
Transfers from loans and leases to land held for sale   $ 1,840
Transfers to loans and leases to land held for sale $ (834)