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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities      
Net Income $ 106,507 $ 124,403 $ 77,764
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 6,115 5,482 6,020
Amortization of premiums and discounts on securities, net 576 6,220 5,019
Amortization of operating lease right-of-use assets 6,485 4,576 4,362
Other amortization and accretion, net (1,967) (13,908) (8,667)
Stock based compensation 11,155 8,685 7,304
Origination of loans designated for sale (186,504) (490,426) (511,706)
Sale of loans designated for sale 221,199 543,410 477,178
Provision for credit losses 26,183 (9,421) 38,179
Deferred income taxes (10,398) 3,836 (4,926)
Losses (gains) on sale of securities 0 363 (1,096)
Gains on sale of loans (5,687) (15,276) (13,930)
(Gains) losses on sale and write-downs of other real estate owned (1,749) (635) 1,139
Losses on disposition of fixed assets 1,394 817 791
Changes in operating assets and liabilities, net of effects from acquired companies:      
Net decrease (increase) in other assets 508 (42,437) (35,555)
Net increase in other liabilities 22,042 28,883 18,776
Net Cash Provided by Operating Activities 195,859 154,572 60,652
Cash Flows From Investing Activities      
Maturities and repayments of available-for-sale debt securities 270,785 546,339 304,064
Maturities and repayments of held-to-maturity debt securities 96,925 132,916 75,861
Proceeds from sale of available-for-sale debt securities 515,183 84,972 96,732
Purchases of available-for-sale debt securities (693,625) (1,145,193) (830,300)
Purchases of held-to-maturity debt securities (206,065) (377,159) 0
Maturities of time deposits with other banks 3,237 750 2,992
Net new loans and principal repayments (513,343) 566,348 (79,100)
Purchases of loans held for investment (111,292) (259,267) 0
Proceeds from the sale of other real estate owned 15,951 5,598 8,521
Additions to other real estate owned (591) (2,513) (2,557)
Proceeds from sale of FHLB and Federal Reserve Bank Stock 0 3,945 39,185
Purchase of FHLB and Federal Reserve Bank Stock (11,924) (3,020) (28,278)
Redemption of bank owned life insurance 25,782 0 0
Purchase of bank owned life insurance (25,000) (60,000) 0
Net cash from bank acquisitions 281,747 98,100 71,965
Additions to bank premises and equipment (12,645) (4,327) (1,587)
Net Cash Used in Investing Activities (364,875) (412,511) (342,502)
Cash Flows From Financing Activities      
Net (decrease) increase in deposits (384,403) 640,108 844,405
Net increase in repurchase agreements 50,464 1,956 33,488
Net decrease in FHLB borrowings with original maturities of three months or less (62,500) 0 (235,000)
Repayments of FHLB borrowings with original maturities of more than three months (7,500) (33,000) (115,000)
Proceeds from FHLB borrowings with original maturities of more than three months 75,000 0 35,000
Stock based employee benefit plans 3,408 5,022  
Stock based employee benefit plans     (1,486)
Dividends paid (41,242) (22,506) 0
Net Cash (Used in) Provided by Financing Activities (366,773) 591,580 561,407
Net (decrease) increase in cash and cash equivalents (535,789) 333,641 279,557
Cash and Cash Equivalents at Beginning of Year 737,729 404,088 124,531
Cash and Cash Equivalents at End of Year 201,940 737,729 404,088
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 13,743 9,977 23,548
Cash paid during the period for taxes 29,591 30,887 27,712
Recognition of operating lease right-of-use assets, other than through bank acquisition, net of terminations 3,370 12,459 2,095
Recognition of operating lease liabilities, other than through bank acquisition, net of terminations 3,370 12,459 2,095
Supplemental disclosure of non-cash investing activities:1      
Transfer of debt securities from available-for-sale to held-to-maturity 0 210,805 0
Unsettled sales of debt securities available-for-sale 0 17,147 0
Transfer from loans to other real estate owned 0 0 5,624
Transfer from bank premises to other real estate owned $ 1,674 $ 3,318 $ 1,289