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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 67,374 $ 66,741
Adjustments to reconcile net income to net cash provided by operating activities:    
(Accretion) and amortization, net 2,911 521
Provision for (recovery of) credit losses 10,248 (1,175)
Depreciation of premises and equipment 4,285 3,736
Deferred income tax expense 1,035 2,906
Net periodic employee benefit cost 542 579
Unrealized and realized investment securities losses (gains), net 1,642 (42)
Stock-compensation expense 2,455 1,901
Excess tax benefit from stock-compensation expense (160) (461)
Increase in value of bank-owned life insurance (3,611) (2,910)
Loans originated for sale (19,345) (14,229)
Proceeds from the sale of loans originated for sale 19,790 15,192
Gain on sale of loans (277) (421)
Payments for other operating activities (450) 0
Change in accrued interest receivable (5,058) (505)
Change in other assets (14,550) (1,585)
Change in other liabilities 13,398 6,106
Net Cash Provided by Operating Activities 80,229 76,354
Investing Activities    
Net (increase) decrease in loans (45,316) 5,332
Purchases (393,932) (170,396)
Proceeds from sales 28,548 70,241
Proceeds from maturities and calls 96,021 55,237
Proceeds from maturities and calls 0 9,554
Other investments: Purchases (2,173) (10,366)
Other investments: Proceeds from sales 2,386 12,555
Purchases of premises and equipment (4,351) (3,515)
Proceeds from bank-owned life insurance policies 1,940 2,211
Sale of Virginia Beach branch, net 0 (24,661)
Other investing activities (233) (4,522)
Net Cash Used in Investing Activities (317,110) (58,330)
Financing Activities    
Net increase in non-interest-bearing deposits 256,223 17,188
Net increase in interest-bearing deposits 88,425 63,099
Net increase (decrease) in short-term borrowings 68,611 (59,289)
Repayment of long-term debt (4,124) 0
Purchases of treasury stock (31,600) (19,431)
Proceeds from exercise of stock options 223 526
Dividends paid (27,651) (26,257)
Other financing activities (652) (657)
Net Cash Provided by (Used in) Financing Activities 349,455 (24,821)
Increase (Decrease) in Cash and Cash Equivalents 112,574 (6,797)
Cash and cash equivalents at beginning of period 140,144 122,991
Cash and Cash Equivalents at End of Period 252,718 116,194
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 20,491 27,884
Cash paid for income taxes $ 21,975 $ 12,500