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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net Income $ 69,389 $ 28,578
Provision for credit losses 1,023 37,826
Deferred tax expense (benefit) 2,863 (3,387)
Depreciation and amortization 5,931 5,549
Net gains on securities and other assets (13,205) (5,896)
Net amortization of premiums and discounts on securities 2,588 2,993
Income from increase in cash surrender value of bank owned life insurance (3,132) (3,149)
Decrease (increase) in interest receivable 3,697 (10,218)
Mortgage loans originated for sale (210,746) (155,916)
Proceeds from sale of mortgage loans 231,321 150,821
Decrease in interest payable (357) (484)
(Decrease) increase in income taxes payable (1,870) 9,349
Increase (Decrease) in Other Operating Assets and Liabilities, Net 14,178 4,875
Net cash provided by operating activities 73,324 51,191
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 59,170 42,175
Payments to Acquire Held-to-maturity Securities (312,247) (200)
Proceeds from Sale of Available-for-sale Securities 0 0
Proceeds from maturities and redemptions of available-for-sale securities 285,216 125,162
Purchases of available-for-sale securities (560,180) (127,368)
Purchases of FHLB stock (2,134) (20,927)
Proceeds from the redemption of FHLB stock 2,834 25,416
Proceeds from Life Insurance Policy 3,097 201
Proceeds from Sale of Loans Receivable 33,824 10,335
Proceeds from sale of other assets 4,979 3,173
Net increase in loans (17,885) (752,191)
Payments for Purchase of Other Assets (3,909) (5,363)
Net cash used in investing activities (507,235) (699,587)
Financing Activities    
Net decrease in other short-term borrowings (10,001) (93,369)
Net increase in deposits 446,426 1,104,794
Repayments of other long-term debt (50,339) (327)
Repayments of Long-term Capital Lease Obligations 230 213
Payments of Dividends (21,641) (21,614)
Proceeds from reissuance of treasury stock 222 222
Purchase of treasury stock (2,654) (5,220)
Net cash provided by financing activities 361,783 984,273
Net (decrease) increase in cash and cash equivalents (72,128) 335,877
Cash and cash equivalents at January 1 356,581 121,856
Cash and cash equivalents at June 30 $ 284,453 $ 457,733