XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net Income $ 27,726 $ 39,770
Provision for credit losses 1,964 (4,390)
Deferred tax expense 1,807 3,859
Depreciation and amortization 2,560 3,003
Net gains on securities and other assets (3,908) (8,452)
Net amortization of premiums and discounts on securities 635 1,268
Income from increase in cash surrender value of bank owned life insurance (1,508) (1,621)
Decrease in interest receivable 45 1,899
Mortgage loans originated for sale (51,833) (121,280)
Proceeds from sale of mortgage loans 58,198 140,780
Increase in interest payable 1,282 1,128
(Decrease) increase in income taxes payable (4,137) 5,626
Increase (Decrease) in Other Operating Assets and Liabilities, Net 1,632 10,360
Net cash provided by operating activities 31,199 51,230
Investing Activities    
Proceeds from sale and maturity of held-to-maturity securities 28,369 28,936
Payments to Acquire Held-to-maturity Securities (200) (135,130)
Proceeds from Sale of Available-for-sale Securities 0 0
Proceeds from maturities and redemptions of available-for-sale securities 50,521 206,993
Purchases of available-for-sale securities 0 (435,563)
Purchases of FHLB stock (505) (1,558)
Proceeds from the redemption of FHLB stock 201 340
Proceeds from Life Insurance Policy 0 2,931
Proceeds from Sale of Loans Receivable 21,767 15,483
Proceeds from sale of other assets 1,461 2,226
Net (increase) decrease in loans and leases (133,137) 2,970
Payments for Purchase of Other Assets (4,419) (2,322)
Net cash used in investing activities (35,942) (314,694)
Financing Activities    
Net decrease in other short-term borrowings (42,566) (6,611)
Net increase in deposits 189,364 430,633
Repayments of other long-term debt (175) (169)
Repayments of Long-term Capital Lease Obligations (122) (115)
Payments of Dividends (10,837) (10,578)
Purchase of treasury stock (1,488) (1,643)
Net cash provided by financing activities 134,176 411,517
Net increase in cash and cash equivalents 129,433 148,053
Cash and cash equivalents at January 1 395,372 356,581
Cash and cash equivalents at March 31 $ 524,805 $ 504,634