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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 117,575 $ 70,194
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses (11,354) 51,741
Depreciation and amortization of premises and equipment 7,339 7,378
Net amortization on securities 4,460 2,812
Amortization of intangible assets 2,157 2,573
Amortization of operating lease right-of-use assets 5,401 5,549
Excess tax benefit on stock-based compensation (321) (188)
Stock-based compensation expense 3,819 3,957
Bank owned life insurance income (4,588) (4,010)
Amortization of subordinated debt issuance costs 328 121
Proceeds from sale of loans held for sale 48,371 153,732
Originations of loans held for sale (47,996) (144,105)
Net gains on sale of loans held for sale (280) (1,892)
Net security (gains) losses (568) 548
Net gains on sale of other real estate owned (44) (243)
Net change in other assets and other liabilities 10,951 (40,760)
Net cash provided by operating activities 135,250 107,407
Investing activities    
Net cash used in acquisitions 0 (3,899)
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 308,688 239,622
Purchases (560,884) (437,827)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 149,200 181,143
Proceeds from sales 0 996
Purchases (216,205) (215,327)
Equity securities:    
Proceeds from calls 1,000 0
Other:    
Net increase in loans (73,344) (436,630)
Proceeds from Federal Home Loan Bank stock redemption 2,355 58,799
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (163) (42,663)
Proceeds from settlement of bank owned life insurance 3,571 531
Purchases of bank owned life insurance (40,000) 0
Purchases of premises and equipment, net (5,007) (4,512)
Proceeds from sales of other real estate owned 784 1,113
Net cash used in investing activities (430,005) (658,654)
Financing activities    
Net increase in deposits 1,113,486 1,370,363
Net decrease in short-term borrowings (68,671) (471,803)
Proceeds from issuance of subordinated debt 0 100,000
Payment of subordinated debt issuance costs 0 (2,178)
Repayments of long-term debt (25,077) (85)
Proceeds from the issuance of shares to employee and other stock plans 112 184
Cash paid by employer for tax-withholdings on stock issuance (1,973) (1,218)
Purchase of treasury stock (14,083) (7,980)
Cash dividends (35,614) (35,419)
Net cash provided by financing activities 968,180 951,864
Net increase in cash and cash equivalents 673,425 400,617
Cash and cash equivalents at beginning of period 672,681 216,843
Cash and cash equivalents at end of period 1,346,106 617,460
Cash paid during the period for:    
Interest expense 17,161 26,373
Income taxes paid, net of refund 39,025 38,137
Noncash investing activities:    
Loans transferred to other real estate owned 141 1,017
Acquisitions:    
Fair value of assets acquired $ 0 $ 3,328