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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net income $ 183,624 $ 195,378 $ 201,048
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation 17,873 16,933 17,345
Deferred income and expense, net of amortization (4,194) (3,757) (38,786)
Capitalized loan servicing rights, net of amortization 1,830 1,326 (1,805)
Amortization of core deposit intangibles 3,756 5,279 6,571
Loss (gain) on sale of securities, net 19,242 3,248 (482)
Net change in valuation of financial instruments carried at fair value 4,218 (807) (4,616)
Gain on sale of branches, including related deposits 0 (7,804)  
Decrease in deferred taxes 1,514 7,624 16,357
(Decrease) increase in current taxes payable (3,170) 8,250 (3,643)
Stock-based compensation 9,169 8,870 9,258
Net change in cash surrender value of BOLI (8,742) (7,100) (4,685)
Gain on sale of loans, excluding capitalized servicing rights (6,151) (4,556) (26,140)
(Gain) loss on disposal of real estate held for sale and property and equipment, net (352) 102 (2,305)
Financing Receivable, Credit Loss, Expense (Reversal) 10,789 10,364 (33,388)
Gain (Loss) on Extinguishment of Debt 0 765 2,284
Origination of loans held for sale (242,844) (406,915) (1,102,663)
Proceeds from sales of loans held for sale 266,540 415,635 1,276,111
Net change in:      
Other assets (8,968) (39,028) 2,200
Other liabilities 13,065 34,244 (11,083)
Net cash provided from operating activities 257,199 238,051 301,578
INVESTING ACTIVITIES:      
Purchases of securities—available-for-sale (58,173) (659,905) (2,805,251)
Principal repayments and maturities of securities—available-for-sale 173,055 368,996 1,314,484
Proceeds from sales of securities—available-for-sale 368,945 214,335 83,663
Purchases of securities—held-to-maturity 0 (190,645) (135,615)
Principal repayments and maturities of securities—held-to-maturity 58,406 56,056 32,487
Purchases of equity securities 0 0 (4,750)
Proceeds from sales of equity securities 0 0 4,796
Loan (originations) repayments, net (643,959) (897,505) 795,892
Purchases of loans and participating interest in loans 0 (126,556) (5,086)
Proceeds from sales of other loans 14,038 14,034 46,028
Net cash paid related to branch divestiture 0 (168,137)  
Purchases of property and equipment (14,651) (14,724) (10,493)
Proceeds from sale of real estate held for sale and sale of other property 4,669 6,088 11,759
Proceeds from FHLB stock repurchase program 153,397 15,080 4,358
Purchase of FHLB stock (165,425) (15,080) 0
Proceeds from Securities Purchased under Agreements to Resell 300,000 0 0
Purchase of securities purchased under agreements to resell 0 0 (300,000)
Investment in bank-owned life insurance (66) (50,053) (50,053)
Other 1,693 3,459 2,355
Net cash provided from (used by) investing activities 191,929 (1,444,557) (1,015,426)
FINANCING ACTIVITIES:      
(Decrease) increase in deposits, net (590,562) (528,672) 1,759,638
Repayment of long term FHLB borrowing 0 (50,000) (100,000)
Advances of overnight and short-term FHLB borrowings, net 273,000 50,000 0
Proceeds from (Payments for) Other Financing Activities (49,923) (31,690) 79,704
Repayment of junior subordinated debentures 0 (50,518) (8,248)
Proceeds from redemption of trust preferred securities related to junior subordinated debentures 0 1,518 248
Cash dividends paid (66,765) (61,078) (57,621)
Cash paid for repurchase of common stock 0 (10,960) (56,528)
Taxes paid related to net share settlement of equity awards (3,476) (3,332) (3,228)
Net cash (used by) provided from financing activities (437,726) (684,732) 1,613,965
NET CHANGE IN CASH AND CASH EQUIVALENTS 11,402 (1,891,238) 900,117
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 243,062 2,134,300 1,234,183
CASH AND CASH EQUIVALENTS, END OF YEAR 254,464 243,062 2,134,300
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid in cash 110,845 18,583 24,278
Taxes paid 38,671 24,885 29,017
NON-CASH INVESTING AND FINANCING TRANSACTIONS:      
Transfer of loans to real estate owned and other repossessed assets 1,185 0 512
Dividends accrued but not paid until after period end 1,084 1,158 1,338
Transfer of Loans Held-for-sale to Portfolio Loans 27,929 35,466 0
Debt Securities, Held-for-Trading, Transfer to Available-for-Sale 25,298 0 0
Securities, available-for-sale, transferred to held-to-maturity 0 462,159 0
DISPOSITIONS:      
Assets divested 0 (1,539) 0
Liabilities divested $ 0 $ (178,209) $ 0