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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net Income $ 138,257 $ 73,447 $ 105,333
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (1,376) 56,718 14,533
Deferred Income Taxes and Tax Credits 1,432 (8,217) 2,292
Depreciation and amortization 11,442 11,653 10,370
Net gains on securities and other assets (22,273) (18,807) (10,671)
Net amortization of premiums and discounts on securities 4,772 6,183 3,892
Income from increase in cash surrender value of bank owned life insurance (6,105) (6,288) (5,998)
Mortgage loans originated for sale (390,940) (410,715) (251,428)
Proceeds from Sale of Mortgage Loans Held-for-sale 419,574 408,877 251,968
Decrease (increase) in interest receivable 5,885 (10,735) 423
Decrease in interest payable (412) (879) (256)
Increase (decrease) in income taxes payable 10,664 (887) 1,484
Other—net (5,874) 5,349 (14,310)
Net cash provided by operating activities 165,046 105,699 107,632
Transactions with securities held to maturity:      
Proceeds from Sale and Maturity of Held-to-maturity Securities 0 0 948
Proceeds from maturities and redemptions 120,728 118,905 54,632
Purchases (361,734) (85,679) (200)
Transactions with securities available for sale:      
Proceeds from sales 0 0 0
Proceeds from maturities and redemptions 433,910 472,282 189,194
Purchases (676,861) (411,178) (138,670)
Purchases of FHLB stock (4,453) (22,231) (36,850)
Proceeds from the redemption of FHLB stock 3,342 26,766 52,215
Proceeds from Sale of Other Investments 500 0 0
Proceeds from bank owned life insurance 7,357 1,444 557
Proceeds from the sale of loans 76,414 41,141 37,534
Proceeds from sales of other assets 7,798 5,531 6,822
Acquisition, net of cash acquired 0 0 332,468
Net increase in loans (161,667) (622,504) (358,328)
Purchases of premises and equipment (10,639) (7,615) (17,380)
Net cash (used in) provided by investing activities (565,305) (483,138) 122,942
Financing Activities      
Net decrease in federal funds purchased 0 0 (11,000)
Net increase (decrease) in other short-term borrowings 20,942 (84,480) (508,970)
Net increase in deposits 543,947 761,398 308,783
Repayments of other long-term debt (50,685) (659) (634)
Proceeds from Issuance of Long-term Debt 0 0 50,000
Repayments of Long-term Capital Lease Obligations 464 430 402
Dividends paid (43,611) (42,982) (39,394)
Proceeds from reissuance of treasury stock 222 222 211
Purchase of treasury stock (31,301) (20,905) (6,259)
Net cash provided by (used in) financing activities 439,050 612,164 (207,665)
Net increase in cash and cash equivalents 38,791 234,725 22,909
Cash and cash equivalents at January 1 356,581 121,856 98,947
Cash and cash equivalents at December 31 $ 395,372 $ 356,581 $ 121,856