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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 72,243 $ 65,666
Items not requiring (providing) cash    
Provision for (recovery of) credit losses (1,747) (13)
Depreciation and amortization 8,027 6,852
Share based compensation 1,783 1,288
Amortization of mortgage servicing rights 2,018 2,960
Mortgage servicing rights net impairment (2,942) (2,142)
Premium amortization on securities, net 9,391 7,279
Gain on sale of investment securities 0 (914)
Gain on sale of mortgage loans (5,969) (14,996)
Proceeds from sales of loans (182,218)  
Proceeds from sales of loans   366,004
Loans originated for sale 198,914 (342,281)
Gain on cash value life insurance (1,843) (1,547)
Gain on sale of other real estate owned (618) (76)
Net change in:    
Interest receivable (3,959) (2,847)
Interest payable (274) (1,301)
Other assets (12,865) 8,330
Other liabilities (2,277) (3,443)
Net cash provided by operating activities 77,664 88,819
Investing Activities    
Purchases of securities available for sale (180,464) (820,485)
Proceeds from sales, maturities, calls and principal repayments of securities available for sale 54,022 250,808
Purchases of securities held to maturity (423,493) (625,397)
Proceeds from maturities of securities held to maturity 65,720 23,368
Net change in interest earning time deposits 1,968 3,198
Purchase of FHLB stock (2,435) (1,417)
Redemption of FHLB stock 198 0
Net change in loans (370,251) 410,717
Proceeds on the sale of OREO and repossessed assets 3,555 1,119
Premises and equipment expenditures (4,701) (462)
Purchases of bank owned life insurance (50,000) 0
Proceeds from bank owned life insurance 2,910 0
Death benefit on bank owned life insurance 644 783
Net cash received in branch acquisition 0 616,832
Net cash used in investing activities (902,327) (140,936)
Financing Activities    
Net change in deposits 27,847 602,357
Proceeds from borrowings 668,276 227,531
Repayment of borrowings (350,000) (65,040)
Net change in repurchase agreements 17,076 35,702
Net settlement of share awards (1,785) (1,347)
Exercise of stock options 108 769
Repurchase of outstanding stock 0 (7,607)
Dividends paid on common stock (20,708) (18,142)
Net cash provided by financing activities 340,814 774,223
Net Change in Cash and Cash Equivalents (483,849) 722,106
Cash and Cash Equivalents, Beginning of Period 593,508 249,711
Cash and Cash Equivalents, End of Period 109,659 971,817
Additional Supplemental Information    
Interest paid 18,384 15,448
Income taxes paid 936 1,225
Transfer of loans to other real estate and repossessed assets 1,483 964
Transfer of premises to other real estate $ 1,479 $ 1,753