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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 64,865 $ 41,320
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:    
Net Amortization on Securities 4,873 4,097
Depreciation and Amortization 6,723 7,043
Loans Originated for Sale (199,491) (230,399)
Proceeds from Sales of Loans Held-for-Sale 207,767 226,237
Provision (Benefit) for Credit Losses (8,500) 15,550
Gain on Sale of Loans, net (6,417) (7,378)
Gain on Securities, net (1,493) (2,190)
Gain on Sales of Other Real Estate and Repossessed Assets (105) (48)
Loss on Disposition and Donation of Premises and Equipment 482 127
Loss on Disposition of Land 0 30
Increase in Cash Surrender Value of Company Owned Life Insurance (1,079) (1,092)
Equity Based Compensation 1,341 813
Change in Assets and Liabilities:    
Interest Receivable and Other Assets 2,348 (6,046)
Interest Payable and Other Liabilities 2,619 8,114
Net Cash from Operating Activities 73,933 56,178
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from Maturity of Other Short-term Investments 496 496
Proceeds from Maturities of Securities Available-for-Sale 160,850 139,679
Proceeds from Sales of Securities Available-for-Sale 102,823 74,693
Purchase of Securities Available-for-Sale (776,001) (378,503)
Proceeds from Redemption of Federal Home Loan Bank Stock 120 800
Loans Made to Customers, net of Payments Received 59,455 (138,132)
Proceeds from Sales of Other Real Estate 1,315 316
Property and Equipment Expenditures (2,794) (5,162)
Proceeds from Sales of Land and Buildings 1,614 612
Proceeds from Life Insurance 434 1,082
Sale of Bank Branches 1,694 0
Net Cash from Investing Activities (449,994) (304,119)
CASH FLOWS FROM FINANCING ACTIVITIES    
Change in Deposits 504,102 550,003
Change in Short-term Borrowings (314) (94,756)
Repayments of Long-term Debt (8,067) (40,604)
Issuance (Retirement) of Common Stock 0 (5,779)
Dividends Paid (16,665) (15,114)
Net Cash from Financing Activities 479,056 393,750
Net Change in Cash and Cash Equivalents 102,995 145,809
Cash and Cash Equivalents at Beginning of Year 345,748 103,884
Cash and Cash Equivalents at End of Period 448,743 249,693
Cash Paid During the Period for    
Interest 7,254 16,796
Income Taxes 13,605 8,000
Supplemental Non Cash Disclosures    
Reclassification of Land and Buildings to Other Assets $ 1,536 $ 0