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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flow From Operating Activities:    
Net income $ 157,798 $ 103,465
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 54,191
Depreciation and amortization 8,087 8,214
Change in deferred taxes (703) (17,015)
Share-based compensation 3,615 3,568
Loans originated for sale (410,858) (477,877)
Proceeds from sales of loans held for sale 422,555 494,945
Gains on sales of loans held for sale (13,721) (11,214)
Gains on sales of securities available for sale (5,316) (9,497)
Increase in cash surrender of life insurance (3,592) (3,761)
Gains on life insurance benefits (1,417) (96)
Change in interest receivable 869 (4,091)
Change in interest payable 449 (1,716)
Other adjustments 3,761 5,214
Net cash provided by operating activities 161,527 144,330
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 22,858 (155,673)
Purchases of:    
Securities available for sale (807,833) (355,407)
Securities held to maturity (1,017,274) (507,091)
Proceeds from sales of securities available for sale 157,776 206,704
Proceeds from maturities of:    
Securities available for sale 216,135 230,673
Securities held to maturity 170,937 201,272
Net change in loans 126,523 (793,033)
Net cash and cash equivalents paid in acquisition (2,933) 0
Proceeds from the sale of other real estate owned 678 959
Proceeds from life insurance benefits 5,929 520
Proceeds from mortgage portfolio loan sale 76,067 0
Other adjustments (8,121) (8,380)
Net cash used in investing activities (1,059,258) (1,179,456)
Net change in :    
Demand and savings deposits 1,136,017 1,651,095
Certificates of deposit and other time deposits (148,938) (584,898)
Borrowings 45,482 563,697
Repayment of borrowings (94,098) (510,826)
Cash dividends on common stock (45,608) (42,435)
Stock issued under employee benefit plans 445 460
Stock issued under dividend reinvestment and stock purchase plans 1,405 1,293
Stock options exercised 198 83
Repurchase of common stock (20,807) (55,912)
Net cash provided by financing activities 874,096 1,022,557
Net Change in Cash and Cash Equivalents (23,635) (12,569)
Cash and Cash Equivalents, January 1 192,896 177,201
Cash and Cash Equivalents, September 30 169,261 164,632
Additional cash flow information:    
Interest paid 26,783 57,184
Income tax paid 23,396 32,367
Loans transferred to other real estate owned 292 761
Fixed assets transferred to other real estate owned 6,282 262
Non-cash investing activities using trade date accounting 67,811 66,205
ROU assets obtained in exchange for new operating lease liabilities 2,591 1,406
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