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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net Cash Provided by Operating Activities $ 205,236 $ 171,740
INVESTING ACTIVITIES    
Purchases of securities (353,088) (226,971)
Proceeds from maturities, prepayments and calls of securities 117,377 109,499
Proceeds from sales of securities 30,490 1,917
Proceeds from redemption of Federal Home Loan Bank stock 18,186 19,694
Purchases of Federal Home Loan Bank stock (19,567) (16,557)
Net (increase) decrease in loans (101,919) 220,854
Proceeds from sale of portfolio loans 4,326 3,438
Purchases of premises and equipment (2,877) (2,110)
Proceeds from the sale of premises and equipment 251 14
Proceeds from life insurance settlement 214 353
Net Cash (Used in) Provided by Investing Activities (306,607) 110,131
FINANCING ACTIVITIES    
Net (decrease) increase in core deposits (450,642) 710,776
Net (decrease) in certificates of deposit (135,227) (186,115)
Net (decrease) increase in securities sold under repurchase agreements (84,491) 7,423
Net increase (decrease) in short-term borrowings 35,000 (75,000)
Repayments on long-term borrowings (7,577) (988)
Repurchase of shares for taxes on restricted stock (498) (302)
Cash dividends paid to common shareholders (34,869) (32,954)
Repurchase of common stock (7,637) 0
Net Cash (Used in) Provided by Financing Activities (685,941) 422,840
Net (decrease) increase in cash and cash equivalents (787,312) 704,711
Cash and cash equivalents at beginning of period 922,215 229,666
Cash and Cash Equivalents at End of Period 134,903 934,377
Supplemental Disclosures    
Loans transferred to held for sale 0 4,467
Cash paid for interest 10,152 12,200
Cash paid for income taxes, net of refunds 19,725 19,183
Transfers of loans to other real estate owned $ 23 $ 12,392