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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flow From Operating Activities:    
Net income $ 105,028 $ 67,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 41,647
Depreciation and amortization 5,442 5,435
Change in deferred taxes (1,179) (18,509)
Share-based compensation 2,398 2,433
Loans originated for sale (275,277) (322,288)
Proceeds from sales of loans held for sale 271,360 336,583
Gains on sales of loans held for sale (10,699) (6,159)
Gains on sales of securities available for sale (3,560) (7,680)
Increase in cash surrender of life insurance (2,394) (2,591)
Gains on life insurance benefits (147) (95)
Change in interest receivable (225) (8,162)
Change in interest payable (358) (1,167)
Other adjustments 4,728 27,998
Net cash provided by operating activities 95,117 114,700
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (46,558) (261,758)
Purchases of:    
Securities available for sale (647,206) (341,116)
Securities held to maturity (618,068) (221,711)
Proceeds from sales of securities available for sale 72,657 167,390
Proceeds from maturities of:    
Securities available for sale 151,419 135,398
Securities held to maturity 122,397 127,380
Net change in loans 46,880 (840,804)
Net cash and cash equivalents paid in acquisition (2,933) 0
Proceeds from the sale of other real estate owned 530 592
Proceeds from life insurance benefits 824 177
Proceeds from mortgage portfolio loan sale 76,067 0
Other adjustments (4,484) (5,190)
Net cash used in investing activities (848,475) (1,239,642)
Net change in :    
Demand and savings deposits 936,290 1,419,771
Certificates of deposit and other time deposits (94,500) (293,739)
Borrowings 8,737 467,056
Repayment of borrowings (94,004) (332,595)
Cash dividends on common stock (29,900) (28,336)
Stock issued under employee benefit plans 306 309
Stock issued under dividend reinvestment and stock purchase plans 931 863
Stock options exercised 198 83
Repurchase of common stock 0 (55,912)
Net cash provided by financing activities 728,058 1,177,500
Net Change in Cash and Cash Equivalents (25,300) 52,558
Cash and Cash Equivalents, January 1 192,896 177,201
Cash and Cash Equivalents, June 30 167,596 229,759
Additional cash flow information:    
Interest paid 18,757 43,331
Income tax paid (refunded) 16,810 (300)
Loans transferred to other real estate owned 64 761
Fixed assets transferred to other real estate owned 6,282 262
Non-cash investing activities using trade date accounting 104,552 13,115
ROU assets obtained in exchange for new operating lease liabilities 1,432 1,398
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 4,041 0
Cash paid in acquisition (3,225) 0
Liabilities assumed $ 816 $ 0