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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Income $ 161,768 $ 122,034 $ 86,509
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization/accretion 11,774 16,565 16,617
Reversal of Provision for Credit Losses (1,150) 0 0
Net amortization of deferred loan fees (573) (1,704) (5,576)
Stock option compensation expense 1,356 1,309 1,419
Life insurance gains (279) (930) 0
Securities losses (gains) 125 0 (34)
Net changes in:      
Interest income receivable (1,010) (18,037) (2,499)
Net deferred taxes (1,995) 697 3,899
Other assets (3,443) (2,415) (3,534)
Income taxes payable (869) 3,020 (1,054)
Interest expense payable (12) (10) (72)
Other liabilities (7,484) (6,827) (6,940)
Net Cash Provided by Operating Activities 158,208 113,702 88,735
Investing Activities:      
Net repayments of loans 90,192 108,107 193,755
Proceeds from life insurance policies 604 3,041 0
Purchases of debt securities available for sale 0 (636,228) (1,909,370)
Proceeds from sale/maturity/calls of debt securities available for sale 416,447 500,160 1,204,455
Purchases of debt securities held to maturity 0 (718,940) 0
Proceeds from maturity/calls of debt securities held to maturity 43,518 111,059 206,400
Purchase of Federal Reserve Bank stock (2,326) 0 0
Proceeds from redemption of Federal Reserve Bank stock 0 2,326 0
Purchases of premises and equipment (1,161) (811) (1,324)
Net Cash Provided by (Used in) Investing Activities 547,274 (631,286) (306,084)
Financing Activities:      
Net change in deposits (751,023) (188,666) 725,977
Net change in short-term borrowings 370 (88,454) 43,701
Exercise of stock options 950 2,255 3,017
Retirement of common stock (13,747) (218) (232)
Common stock dividends paid (45,954) (45,182) (44,304)
Net Cash (Used in) Provided by Financing Activities (809,404) (320,265) 728,159
Net Change In Cash and Due from Banks (103,922) (837,849) 510,810
Cash and Due from Banks at Beginning of Period 294,236 1,132,085 621,275
Cash and Due from Banks at End of Period 190,314 294,236 1,132,085
Supplemental disclosure of noncash activities:      
Right-of-use assets acquired in exchange for operating lease liabilities 8,866 3,533 5,105
Supplemental disclosure of cash flow activities:      
Cash paid for amounts included in operating lease liabilities 6,217 6,037 6,309
Interest paid for the period 3,902 1,935 2,027
Income tax payments for the period $ 64,017 $ 39,840 $ 27,673