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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flow From Operating Activities:    
Net income $ 181,307 $ 151,329
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,000 16,755
Depreciation and amortization 8,666 8,802
Change in deferred taxes 3,957 2,676
Share-based compensation 3,792 3,430
Loans originated for sale (567,626) (178,972)
Proceeds from sales of loans held for sale 551,613 176,567
Gains on sales of loans held for sale (5,865) (3,851)
Net (gains) losses on sales of securities available for sale 4,613 (1,137)
Increase in cash surrender value of life insurance (3,813) (3,831)
Gains on life insurance benefits (1,332) (5,828)
Change in interest receivable (4,941) (7,230)
Change in interest payable 8,943 1,144
Other adjustments (8,616) (15,170)
Net cash provided by operating activities 172,698 144,684
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (222,578) 294,561
Purchases of:    
Securities available for sale (12,543) (450,168)
Securities held to maturity (5,653) (288,094)
Proceeds from sales of securities available for sale 347,318 524,688
Proceeds from maturities of:    
Securities available for sale 44,925 181,997
Securities held to maturity 76,427 127,582
Change in Federal Home Loan Bank stock (3,272) 2,368
Net change in loans (404,833) (803,746)
Net cash and cash equivalents received (paid) in acquisition 0 137,780
Proceeds from the sale of other real estate owned 1,175 495
Proceeds from life insurance benefits 7,350 23,911
Proceeds from commercial portfolio loan sale 112,124 0
Other adjustments (27,215) (9,003)
Net cash used in investing activities (86,775) (257,629)
Net change in :    
Demand and savings deposits (581,735) (29,993)
Certificates of deposit and other time deposits 845,566 (198,549)
Borrowings 754,229 913,330
Repayment of borrowings (1,043,588) (567,223)
Cash dividends on preferred stock (1,406) (938)
Cash dividends on common stock (59,713) (53,688)
Stock issued under employee benefit plans 590 520
Stock issued under dividend reinvestment and stock purchase plans 1,603 1,536
Stock options exercised 1,110 336
Net cash provided (used) by financing activities (83,344) 65,331
Net Change in Cash and Cash Equivalents 2,579 (47,614)
Cash and Cash Equivalents, January 1 122,594 167,146
Cash and Cash Equivalents, September 30 125,173 119,532
Additional cash flow information:    
Interest paid 232,616 40,568
Income tax paid 32,741 12,102
Loans transferred to other real estate owned 1,224 6,418
Fixed assets transferred to other real estate owned 3,226 1,398
Non-cash investing activities using trade date accounting 4,462 41,106
ROU assets obtained in exchange for new operating lease liabilities 1,630 9,081
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