XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 158,215 $ 107,498
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (10,395) 59,051
Depreciation and amortization 24,307 24,955
Stock-based compensation expense 7,568 5,749
Pension expense (income) 2,530 1,705
Net amortization (accretion) on investment securities 23,828 13,570
Net (gain) loss on sales of investment securities 745 55
Unrealized gain (loss) on equity securities (381) (70)
Originations of loans held for sale (618,904) (691,716)
Net gains from sales of loans held for sale (26,529) (38,087)
Proceeds from sales of loans held for sale 644,405 674,475
Deferred income taxes 7,238 (9,744)
Amortization of operating leases 5,532 5,973
Payments for operating leases (5,203) (5,801)
Decrease (increase) cash surrender value of life insurance 381 985
Decrease (increase) in interest receivable 4,833 (13,262)
(Decrease) increase in interest payable (1,432) (4,559)
Decrease (increase) in other assets 93,701 (349,951)
(Decrease) increase in other liabilities (25,633) 177,275
Net cash provided by (used in) operating activities 284,044 (43,869)
Proceeds from Sale of Debt Securities, Available-for-sale 361,736 42,628
Investing activities    
Proceeds from calls, paydowns and maturities of securities available-for-sale 850,248 658,521
Payments to Acquire Debt Securities, Available-for-sale 1,923,277 787,048
Proceeds from calls, paydowns and maturities of securities held-to-maturity 29,036 25,005
Payments to Acquire Held-to-maturity Securities (1,000) 0
Payments to Acquire Other Investments 6,655 18,659
Proceeds from Maturities, Prepayments and Calls of Other Investments 42,403 0
Net decrease (increase) in interest-bearing deposits with other banks (9,494) 18,142
Net decrease (increase) in loans and leases 530,960 (1,007,585)
Proceeds from disposal of other real estate owned 1,036 1,487
Purchases of premises and equipment (10,603) (13,404)
Net cash provided by (used in) investing activities (135,610) (1,080,913)
Financing activities    
Net (decrease) increase in total deposits 445,378 1,357,201
Net (decrease) increase in short-term borrowings 22,256 (1,068,523)
Payments of long-term debt 463,382 105,201
Proceeds from (Repayments of) Other Long-term Debt 0 881,673
Proceeds from Issuance of Subordinated Long-term Debt 0 150,000
Cash dividends paid on common stock (65,949) (67,317)
Treasury stock purchase 108,077 16,686
Proceeds from exercise of stock options 34 72
Net cash provided by (used in) financing activities (169,740) 1,131,219
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (21,306) 6,437
Cash and due from banks at beginning of period 231,054 200,691
Cash and due from banks at end of period 209,748 207,128
Supplemental schedule for investing activities    
Interest Paid, Excluding Capitalized Interest, Operating Activities 25,465 61,456
Income Taxes Paid $ 16,448 $ 26,626