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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 205,160 $ 155,810 $ 198,075
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses (18,121) 70,559 30,598
Depreciation and amortization 32,136 33,337 28,138
Stock-based compensation expense 9,635 7,678 7,969
Pension expense (income) 3,365 2,484 1,041
Net amortization (accretion) on investment securities 28,987 21,053 11,430
Net (gain) loss on sales/transfers of investments securities 759 (4,563) 406
Equity Securities, FV-NI, Unrealized Gain (Loss) (702) (9,045) (575)
Originations of loans held for sale (794,524) (942,207) (390,578)
Net (gains) losses on sales of loans held for sale (33,021) (51,176) (14,851)
Proceeds from sales of loans held for sale 825,102 965,960 396,121
Deferred income taxes 12,087 (8,380) 12,590
Operating Lease, Expense 7,425 7,897 7,324
Operating Lease, Payments (6,860) (8,196) (7,335)
Life Insurance, Corporate or Bank Owned, Change in Value (472) 1,506 3,748
Decrease (increase) in interest receivable 6,463 (9,697) 2,117
(Decrease) increase in interest payable (1,889) (7,431) 1,545
Decrease (increase) in other assets 138,225 (288,857) (165,902)
(Decrease) increase in other liabilities (24,237) 176,168 71,964
Net cash provided by (used in) operating activities 390,462 109,888 186,329
Investing activities      
Proceeds from Sale of Debt Securities, Available-for-sale 375,276 122,248 519,136
Proceeds from calls, paydowns and maturities of securities available-for-sale 1,139,498 904,821 557,034
Payments to Acquire Debt Securities, Available-for-sale (2,418,290) (1,551,952) (834,743)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 34,563 41,736 18,062
Purchases of securities held-to-maturity (1,000) (30,250) 0
Proceeds from Maturities, Prepayments and Calls of Other Investments 42,403 29,526 0
Purchases of other investment securities (11,474) (28,659) (12,120)
Net decrease (increase) in interest-bearing deposits with other banks (194,506) 36,643 (19,210)
Proceeds from Sale of Loans Held-for-investment 141,072 0 0
Payments for (Proceeds from) Other Loans and Leases (503,203) 714,594 409,557
Proceeds from Sale of Other Real Estate 1,278 2,076 1,453
Purchases of premises and equipment (15,333) (16,466) (20,934)
Net cash acquired (paid) in business combinations (109,024) 0 (51,663)
(Payments for) Proceeds from Branch Divestitures 0 0 (118)
Net cash provided by (used in) investing activities (512,334) (1,204,871) (252,424)
Financing activities      
Net (decrease) increase in total deposits 639,951 2,021,774 69,953
Net (decrease) increase in short-term borrowings 129,609 (1,149,587) 275,490
Payments on long-term borrowings (463,382) (681,511) (159,653)
Proceeds from FHLBank Borrowings, Financing Activities 0 1,040,975 0
Cash dividends paid on common stock (87,316) (89,691) (89,097)
Treasury stock purchase (108,077) (16,686) (66,218)
Proceeds from exercise of stock options 64 72 90
Net cash provided by (used in) financing activities 110,849 1,125,346 30,565
Cash and due from banks      
Net (decrease) increase in Cash and due from banks (11,023) 30,363 (35,530)
Cash and due from banks at beginning of year 231,054 200,691 236,221
Cash and due from banks at end of year 220,031 231,054 200,691
Supplemental disclosures      
Interest paid 32,841 75,884 121,779
Income taxes paid 17,689 32,579 27,497
Acquisition of other real estate owned through foreclosure 98 1,017 2,448
Issuance of restricted stock awards 12,231 9,370 10,488
Securities transferred from HTM to AFS 0 0 268,703
Common stock issued in bank acquisitions 10,000 0 60,934
us-gaap_OperatingLeaseRightOfUseAsset 0 0 60,249
us-gaap_OperatingLeaseLiability 0 0 65,799
Supplemental schedule for investing activities      
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 62,916 0 (39,140)
Total liabilities assumed 125,894 0 18,380
Goodwill $ 62,978 $ 0 $ 57,520