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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 98,203 $ 66,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (251) 45,677
Depreciation and amortization 16,281 14,790
Stock-based compensation expense 5,335 3,733
Pension expense (income) 1,695 926
Net amortization (accretion) on investment securities 18,989 8,372
Net (gain) loss on sales of investment securities 431 57
Originations of loans held for sale (423,914) (385,371)
Net gains from sales of loans held for sale (17,943) (19,493)
Proceeds from sales of loans held for sale 447,255 374,594
Deferred income taxes 5,863 (9,752)
Amortization of operating leases 3,701 4,001
Payments for operating leases (3,437) (3,873)
Decrease (increase) cash surrender value of life insurance 647 1,098
Decrease (increase) in interest receivable 2,102 (11,611)
(Decrease) increase in interest payable (1,720) (3,240)
Decrease (increase) in other assets 93,861 (330,020)
(Decrease) increase in other liabilities (39,569) 180,120
Net cash provided by (used in) operating activities 205,962 (66,219)
Investing activities    
Proceeds from sales of securities available-for-sale 212,246 41,303
Proceeds from calls, paydowns and maturities of securities available-for-sale 550,239 401,771
Purchases of securities available-for-sale (1,394,143) (456,917)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 20,371 15,664
Payments to Acquire Other Investments 5,401 18,659
Net decrease (increase) in interest-bearing deposits with other banks (18,305) 18,103
Net decrease (increase) in loans and leases 378,739 (982,748)
Proceeds from disposal of other real estate owned 1,036 977
Purchases of premises and equipment (5,163) (9,758)
Net cash provided by (used in) investing activities (251,941) (990,264)
Financing activities    
Net (decrease) increase in total deposits 274,177 1,491,186
Net (decrease) increase in short-term borrowings 306,197 (1,161,834)
Payments of long-term debt 463,382 90,133
Proceeds from (Repayments of) Other Long-term Debt 0 811,772
Proceeds from Issuance of Subordinated Long-term Debt 0 150,000
Cash dividends paid on common stock (44,337) (44,946)
Treasury stock purchase 50,846 16,686
Proceeds from exercise of stock options 34 72
Net cash provided by (used in) financing activities 21,843 1,139,431
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (24,136) 82,948
Cash and due from banks at beginning of period 231,054 200,691
Cash and due from banks at end of period 206,918 283,639
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]    
Equity Securities, FV-NI, Unrealized Gain (Loss) (273) (52)
Payments to Acquire Held-to-maturity Securities (1,000) 0
Proceeds from Maturities, Prepayments and Calls of Other Investments 9,440 0
Interest Paid, Excluding Capitalized Interest, Operating Activities 18,341 46,247
Income Taxes Paid $ 10,938 $ 6,297