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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flow From Operating Activities:    
Net income $ 48,586 $ 49,469
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,668 2,748
Change in deferred taxes (1,665) (3,079)
Share-based compensation 1,100 1,190
Loans originated for sale (63,805) (111,558)
Proceeds from sales of loans held for sale 72,456 114,383
Gains on sales of loans held for sale (1,402) (3,289)
Gains on sales of securities available for sale (566) (1,799)
Increase in cash surrender of life insurance (1,176) (1,189)
Gains on life insurance benefits (520) (147)
Change in interest receivable 1,106 (714)
Change in interest payable 827 733
Other adjustments (7,388) 6,062
Net cash provided by operating activities 50,221 52,810
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 78,892 (501)
Purchases of:    
Securities available for sale (62,164) (597,901)
Securities held to maturity (206,523) (135,098)
Proceeds from sales of securities available for sale 35,029 48,016
Proceeds from maturities of:    
Securities available for sale 37,442 80,114
Securities held to maturity 42,834 66,361
Change in Federal Home Loan Bank stock 2,314 0
Net change in loans (116,409) (72,704)
Proceeds from the sale of other real estate owned 174 495
Proceeds from life insurance benefits 856 315
Other adjustments (2,896) (2,285)
Net cash used in investing activities (190,451) (613,188)
Net change in :    
Demand and savings deposits 211,458 620,609
Certificates of deposit and other time deposits (38,082) (30,439)
Borrowings 59 8,678
Repayment of borrowings (36,975) (30,093)
Cash dividends on common stock (15,607) (14,130)
Stock issued under employee benefit plans 0 144
Stock issued under dividend reinvestment and stock purchase plans 471 443
Stock options exercised 37 171
Net cash provided by financing activities 121,361 555,383
Net Change in Cash and Cash Equivalents (18,869) (4,995)
Cash and Cash Equivalents, January 1 167,146 192,896
Cash and Cash Equivalents, March 31 148,277 187,901
Additional cash flow information:    
Interest paid 6,433 8,655
Income tax paid 7,750 0
Loans transferred to other real estate owned 5,868 44
Fixed assets transferred to other real estate owned 0 1,167
Non-cash investing activities using trade date accounting 5,246 66,558
ROU assets obtained in exchange for new operating lease liabilities $ 53 $ 386