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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net income $ 71,999 $ 74,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 35,656 8,039
Amortization of intangible assets 7,569 6,866
Amortization of mortgage servicing rights 3,932 2,061
Depreciation and amortization of premises and equipment 9,384 8,701
Net amortization (accretion) of premium (discount) on portfolio loans (7,015) (8,300)
Net amortization (accretion) of premium (discount) on investment securities 6,698 4,514
Net amortization (accretion) of premium (discount) on time deposits (662) (1,236)
Net amortization (accretion) of premium (discount) on Federal Home Loan Bank ("FHLB") advances and other borrowings 387 216
Impairment of other real estate owned ("OREO") 43 62
Impairment of fixed assets held for sale 36  
Impairment of mortgage servicing rights 604 1,822
Impairment of leases   415
Change in fair value of equity securities, net 1,234 735
(Gain) loss on equity securities   (8)
(Gain) loss on sales of debt securities, net (1,710) (104)
(Gain) loss on sale of loans, net (21,357) (11,022)
(Gain) loss on sale of OREO 47 (84)
(Gain) loss on sale of premises and equipment 198 114
(Gain) loss on life insurance proceeds (1,256) (1,509)
Provision for deferred income taxes (2,730) 1,820
Stock-based and non-cash compensation 4,413 3,236
Decrease in deferred compensation   (6,781)
Increase in cash surrender value of bank owned life insurance (3,105) (3,144)
Mortgage loans originated for sale (770,186) (469,249)
Proceeds from sales of mortgage loans 771,039 437,525
Net change in operating assets and liabilities:    
Decrease (increase) in other assets (3,435) 3,412
(Decrease) increase in other liabilities (369) (161)
Net cash (used in) provided by operating activities 101,414 52,322
Cash Flows from Investing Activities    
Purchase of equity securities (13,123)  
Purchases of debt securities available for sale (907,094) (296,806)
Purchase of FHLB stock   (3,700)
Proceeds from sales of equity securities 33 958
Proceeds from sales of debt securities available for sale   227,371
Proceeds from paydowns and maturities of debt securities held to maturity   14,422
Proceeds from paydowns and maturities of debt securities available for sale 477,370 366,624
Proceeds from the redemption of FHLB stock   3,720
Net cash (received) paid in acquisitions   (61,481)
Net change in loans (439,679) (227,069)
Cash paid for premiums on bank-owned life insurance (120) (3)
Purchases of premises and equipment (3,158) (10,746)
Proceeds from life insurance 2,512 3,915
Proceeds from disposition of premises and equipment 806 393
Capitalized expenditures on OREO   (2)
Proceeds from sale of OREO 492 2,071
Net cash (used in) provided by investing activities (881,961) 19,667
Cash Flows from Financing Activities    
Net change in deposits 740,967 243,177
Net change in federal funds purchased and securities sold under agreements to repurchase (3,850) (33,895)
Proceeds from other borrowings 142,634 60,000
Repayment of other borrowings (74,000) (4,500)
Proceeds from FHLB advances 4,000  
Repayment of FHLB advances (32,551) (3,479)
Cash dividends paid (36,017) (33,579)
Purchase of treasury stock (9,669) (13,323)
Cash paid for withholding taxes on share-based payments (635) (841)
Proceeds from stock options exercised 101 169
Common stock issuance costs   (234)
Net cash (used in) provided by financing activities 730,980 213,495
Net (decrease) increase in cash and cash equivalents (49,567) 285,484
Cash and cash equivalents, beginning of period 529,288 239,973
Cash and cash equivalents, ending of period 479,721 525,457
Cash Payments for:    
Interest 41,987 51,230
Income taxes 19,395 15,205
Non-cash Investing and Financing Activities:    
OREO acquired in settlement of loans $ 2,482 2,349
Transfer of debt securities held to maturity to available for sale   $ 573,639