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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 124,371 $ 118,154
INVESTING ACTIVITIES    
Proceeds from sales of securities available for sale 93 1,689
Proceeds from maturities and calls of securities available for sale 416,317 184,059
Purchases of securities available for sale (248,049) (7,855)
Proceeds from sales of equity securities 289 98
Purchases of equity securities (205) (246)
Proceeds from sales and redemptions of other investment securities 46,739 21,547
Purchases of other investment securities (52,379) (52,217)
Purchases of bank premises and equipment (4,772) (3,447)
Proceeds from sales of bank premises and equipment 63 2,465
Proceeds from the sales of OREO properties 146 279
Net change in loans and leases (160,675) (54,938)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (2,433) 91,434
FINANCING ACTIVITIES    
Cash dividends paid (50,137) (48,651)
Acquisition of treasury stock (1,030) (1,374)
Proceeds from exercise of stock options 702 1,559
Redemption of subordinated debt 0 (10,250)
Repayment of long-term Federal Home Loan Bank borrowings (1,500,000) (1,900,000)
Proceeds from issuance of long-term Federal Home Loan Bank borrowings 1,450,000 2,500,000
Changes in:    
Deposits 100,598 (18,227)
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings 11,632 9,396
NET CASH PROVIDED BY FINANCING ACTIVITIES 11,765 532,453
Increase in cash and cash equivalents 133,703 742,041
Cash and cash equivalents at beginning of year 1,598,943 1,176,652
Cash and cash equivalents at end of period 1,732,646 1,918,693
Noncash investing activities:    
Transfers of loans to OREO 119 2,919
Right-of-use assets obtained in the exchange for lease liabilities $ 3,671 $ 10,192