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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flow From Operating Activities:    
Net income $ 87,577 $ 105,028
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 16,755 0
Depreciation and amortization 5,723 5,442
Change in deferred taxes (2,715) (1,179)
Share-based compensation 2,244 2,398
Loans originated for sale (104,012) (275,277)
Proceeds from sales of loans held for sale 116,742 271,360
Gains on sales of loans held for sale (2,652) (10,699)
Gains on sales of securities available for sale (656) (3,560)
Increase in cash surrender of life insurance (2,455) (2,394)
Gains on life insurance benefits (549) (147)
Change in interest receivable (4,353) (225)
Change in interest payable (849) (358)
Other adjustments (15,736) 4,728
Net cash provided by operating activities 95,064 95,117
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 337,452 (46,558)
Purchases of:    
Securities available for sale (324,264) (647,206)
Securities held to maturity (273,694) (618,068)
Proceeds from sales of securities available for sale 366,587 72,657
Proceeds from maturities of:    
Securities available for sale 65,131 151,419
Securities held to maturity 95,665 122,397
Change in Federal Home Loan Bank stock 2,313 0
Net change in loans (533,867) 46,880
Net cash and cash equivalents received (paid) in acquisition 137,780 (2,933)
Proceeds from the sale of other real estate owned 347 530
Proceeds from life insurance benefits 1,175 824
Proceeds from mortgage portfolio loan sale 0 76,067
Other adjustments (6,521) (4,484)
Net cash used in investing activities (131,896) (848,475)
Net change in :    
Demand and savings deposits 42,336 936,290
Certificates of deposit and other time deposits (134,834) (94,500)
Borrowings 525,257 8,737
Repayment of borrowings (317,070) (94,004)
Cash dividends on preferred stock (469) 0
Cash dividends on common stock (34,636) (29,900)
Stock issued under employee benefit plans 317 306
Stock issued under dividend reinvestment and stock purchase plans 1,008 931
Stock options exercised 336 198
Net cash provided by financing activities 82,245 728,058
Net Change in Cash and Cash Equivalents 45,413 (25,300)
Cash and Cash Equivalents, January 1 167,146 192,896
Cash and Cash Equivalents, June 30 212,559 167,596
Additional cash flow information:    
Interest paid 19,529 18,757
Income tax paid 8,785 16,810
Loans transferred to other real estate owned 6,313 64
Fixed assets transferred to other real estate owned 544 6,282
Non-cash investing activities using trade date accounting 6,414 104,552
ROU assets obtained in exchange for new operating lease liabilities 8,996 1,432
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 2,510,576 4,041
Cash paid in acquisition (79,324) (3,225)
Liabilities assumed 2,168,863 816
Common Stock    
In conjunction with the acquisitions, liabilities were assumed as follows:    
Less: common stock and preferred stock issued 237,389 0
Preferred Stock    
In conjunction with the acquisitions, liabilities were assumed as follows:    
Less: common stock and preferred stock issued $ 25,000 $ 0