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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flow From Operating Activities:    
Net income $ 124,941 $ 87,577
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 0 16,755
Depreciation and amortization 5,799 5,723
Change in deferred taxes (1,429) (2,715)
Share-based compensation 2,432 2,244
Loans originated for sale (272,074) (104,012)
Proceeds from sales of loans held for sale 256,880 116,742
Gains on sales of loans held for sale (3,009) (2,652)
Net (gains) losses on sales of securities available for sale 2,963 (656)
Increase in cash surrender value of life insurance (2,603) (2,455)
Gains on life insurance benefits (781) (549)
Change in interest receivable (4,714) (4,353)
Change in interest payable 6,065 (849)
Other adjustments (739) (15,736)
Net cash provided by operating activities 113,731 95,064
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (93,419) 337,452
Purchases of:    
Securities available for sale (1,400) (324,264)
Securities held to maturity (5,653) (273,694)
Proceeds from sales of securities available for sale 314,087 366,587
Proceeds from maturities of:    
Securities available for sale 32,365 65,131
Securities held to maturity 50,774 95,665
Change in Federal Home Loan Bank stock (3,317) 2,313
Net change in loans (386,135) (533,867)
Net cash and cash equivalents received (paid) in acquisition 0 137,780
Proceeds from the sale of other real estate owned 101 347
Proceeds from life insurance benefits 4,675 1,175
Proceeds from mortgage portfolio loan sale 89,675 0
Other adjustments (3,083) (6,521)
Net cash used in investing activities (1,330) (131,896)
Net change in :    
Demand and savings deposits (530,227) 42,336
Certificates of deposit and other time deposits 728,637 (134,834)
Borrowings 746,773 525,257
Repayment of borrowings (1,033,441) (317,070)
Cash dividends on preferred stock (938) (469)
Cash dividends on common stock (39,378) (34,636)
Stock issued under employee benefit plans 380 317
Stock issued under dividend reinvestment and stock purchase plans 1,064 1,008
Stock options exercised 1,110 336
Net cash provided (used) by financing activities (126,020) 82,245
Net Change in Cash and Cash Equivalents (13,619) 45,413
Cash and Cash Equivalents, January 1 122,594 167,146
Cash and Cash Equivalents, June 30 108,975 212,559
Additional cash flow information:    
Interest paid 139,744 19,529
Income tax paid 27,530 8,785
Loans transferred to other real estate owned 1,080 6,313
Fixed assets transferred to other real estate owned 2,900 544
Non-cash investing activities using trade date accounting 26,911 6,414
ROU assets obtained in exchange for new operating lease liabilities 1,505 8,996
Fair value of assets acquired 0 2,510,576
Cash paid in acquisition 0 (79,324)
Liabilities assumed 0 2,168,863
Common Stock    
Additional cash flow information:    
Less: common stock and preferred stock issued 0 237,389
Preferred Stock    
Additional cash flow information:    
Less: common stock and preferred stock issued $ 0 $ 25,000