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Consolidated Statements 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 $ 140,930 $ 176,691 $ 132,217
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 266 (20,821) 45,571
Provision for unfunded commitments 1,477 (1,119) 1,380
Depreciation and amortization 3,319 5,874 4,696
Gains on sale of loans (3,702) (14,045) (22,089)
Gain on MSRs (837) (679) (667)
Securities premium amortization (discount accretion), net 9,011 4,031 8,196
Origination of loans held for sale (299,317) (1,156,281) (1,240,682)
Proceeds from sale of loans held for sale 343,503 1,211,313 1,231,273
Deferred income tax (benefit) expense 6,560 5,770 (8,332)
Net gain on sale of other real estate owned (248) (1,266) (1,180)
Net increase in cash surrender value of BOLI (2,547) (2,059) (2,071)
Net (gain)/loss on sale of investment securities 169 (2,964) (1,815)
Stock-based compensation expense 9,899 7,811 5,324
Net tax benefits from stock compensation 0 0 118
Increase (decrease) in other assets (26,162) 1,358 (28,626)
Increase in other liabilities 12,581 24,823 9,826
Net cash provided by operating activities 194,902 238,437 133,139
Cash Flows From Investing Activities:      
Purchases of available-for-sale investment securities (425,263) (2,029,434) (739,955)
Proceeds from maturities of available-for-sale securities 261,999 313,921 302,471
Proceeds from sale/call of available-for-sale securities 6,225 201,034 124,144
Purchase of held to maturity investment securities (290,740) 0 0
Proceeds from maturities from held to maturity securities 115,777 0 0
Proceeds from call of held-to-maturity securities 8,350 0 0
Purchases of Federal Reserve and Federal Home Loan Bank stock (30,914) (218) (9,160)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 0 6,169 4,250
Net change in loans (570,977) 511,120 (240,911)
Proceeds from sale of SBA PPP loans 0 170,154 0
Redemption (purchase) of BOLI 338 (30,000) 0
Proceeds from sale of other real estate owned 241 4,618 4,430
Purchases of premises and equipment (2,113) (5,286) (2,945)
Net cash used in by investing activities (927,077) (857,922) (557,676)
Cash Flows From Financing Activities:      
Increase (decrease) in deposits (1,268,358) 792,337 1,964,812
Increase (decrease) in customer repurchase agreements 11,182 (2,808) (4,254)
Increase in short-term borrowings 675,001 0 50,000
Increase in long-term borrowings 0 0 50,000
Repayment of long-term borrowings 0 (200,000) 0
Proceeds from exercise of equity compensation plans 97 0 63
Proceeds from employee stock purchase plan 748 496 760
Common stock repurchased (33,087) (682) (61,432)
Tax equivalent shares withheld on exercise of equity comp plans 0 0 0
Cash dividends paid (55,776) (44,691) (28,330)
Net cash used in financing activities (670,193) 544,652 1,971,619
Net (Decrease) Increase In Cash and Cash Equivalents (1,402,368) (74,833) 1,547,082
Cash and Cash Equivalents at Beginning of Period 1,714,222 1,789,055 241,973
Cash and Cash Equivalents at End of Period 311,854 1,714,222 1,789,055
Supplemental Cash Flows Information:      
Interest paid 90,590 30,989 70,183
Income taxes paid 23,453 54,363 37,400
Non-Cash Investing Activities      
Initial recognition of operating lease right-of-use assets 0 9,146 1,696
Transfers of investment securities from available-for-sale to held-to-maturity 922,975 0 0
Transfers from loans to other real estate owned $ 475 $ 149 $ 6,750