XML 14 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 50,334 $ 57,533
Adjustments to reconcile to net cash provided by operating activities:    
Provision for credit losses 4,015 2,322
Depreciation and amortization 5,442 5,523
Net amortization of securities premiums and discounts (306) (273)
Realized securities losses 267 213
Gain on sales of loans (491) (604)
Cash receipts from the sale of loans originated for sale 28,773 34,246
Cash disbursements for loans originated for sale (30,789) (33,634)
Deferred income tax benefit (822) (778)
Gain on sale of other assets (122) (578)
Increase in interest receivable (2,517) (1,390)
Increase in interest payable 3,374 2,264
Amortization of stock-based compensation arrangements 715 382
Excess tax benefit from stock-based compensation arrangements (470) (324)
Other, net 8,921 4,602
Net cash provided by operating activities 66,324 69,504
INVESTING ACTIVITIES    
Net decrease in federal funds sold 107 1,766
Purchases of available for sale debt securities   (91,312)
Proceeds from maturities, calls and paydowns of held for investment debt securities 61 170
Proceeds from maturities, calls and paydowns of available for sale debt securities 17,657 32,940
Purchase of equity securities (366) (195)
Proceeds from paydowns and sales of equity securities 42 485
Net change in loans (130,801) (176,739)
Net (payments)/receipts on derivative asset contracts (19,595) 11,141
Purchases of premises, equipment and computer software (10,251) (7,962)
Purchase of tax credits (429) (536)
Other, net 2,346 1,658
Net cash used in investing activities (141,229) (228,584)
FINANCING ACTIVITIES    
Net change in deposits 209,499 (364,125)
Net change in short-term borrowings 6,348 203,194
Issuance of common stock in connection with stock options, net 851 642
Cash dividends paid (14,161) (13,150)
Net cash provided by (used in) financing activities 202,537 (173,439)
Net increase/(decrease) in cash, due from banks and interest-bearing deposits 127,632 (332,519)
Cash, due from banks and interest-bearing deposits at the beginning of the period 2,397,463 3,168,910
Cash, due from banks and interest-bearing deposits at the end of the period 2,525,095 2,836,391
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 62,164 34,026
Cash paid during the period for income taxes 249 1,880
Noncash investing and financing activities:    
Unpaid common stock dividends declared $ 14,175 $ 13,160