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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net income $ 82,690 $ 64,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,736 11,748
Provision for Credit Losses 0 0
Net amortization of deferred loan fees (1,445) (4,671)
Stock option compensation expense 1,017 1,100
Life insurance gains (923) 0
Securities gains 0 (34)
Net changes in:    
Interest income receivable (13,985) (282)
Other assets (5,317) (13,255)
Income taxes payable 3,055 4,580
Net deferred tax asset 510 (3,109)
Interest expense payable 21 (8)
Other liabilities (7,476) 10,272
Net Cash Provided by Operating Activities 71,883 71,130
Investing Activities:    
Net repayments of loans 88,242 128,791
Purchases of debt securities available for sale (619,601) (1,593,799)
Purchases of debt securities held to maturity (718,940) 0
Proceeds from maturity/calls of debt securities available for sale 391,548 1,040,179
Proceeds from maturity/calls of debt securities held to maturity 89,246 157,221
Purchases of premises and equipment (812) (1,052)
Net Cash Used in Investing Activities (770,317) (268,660)
Financing Activities:    
Net change in deposits 81,300 600,982
Net change in short-term borrowings (69,360) 16,557
Exercise of stock options 2,171 3,017
Retirement of common stock (218) (232)
Common stock dividends paid (33,879) (33,021)
Net Cash (Used in) Provided by Financing Activities (19,986) 587,303
Net Change In Cash and Due from Banks (718,420) 389,773
Cash and Due from Banks at Beginning of Period 1,132,085 621,275
Cash and Due from Banks at End of Period 413,665 1,011,048
Supplemental disclosure of non cash activities:    
Right-of-use assets acquired in exchange for operating lease liabilities 2,925 4,972
Securities purchases pending settlement 0 81,618
Supplemental disclosure of cash flow activities:    
Cash paid for amounts included in operating lease liabilities 4,553 4,791
Interest paid for the period 1,429 1,459
Income tax payments for the period $ 25,240 $ 21,300