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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows Provided by (Used in) Operating Activities    
Net income $ 58,263 $ 67,582
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 1,400 (8,496)
Amortization of intangible assets 5,962 5,051
Amortization of mortgage servicing rights 1,901 2,961
Amortization of NMTC 3,003 3,068
Depreciation and amortization of premises and equipment 5,438 5,709
Net amortization (accretion) on portfolio loans 1,140 (5,757)
Net amortization (accretion) of premium (discount) on investment securities 11,069 10,460
Net amortization (accretion) of premium (discount) on time deposits (227) (550)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 577 416
Impairment of OREO and other repossessed assets 611  
Impairment of fixed assets held for sale 100  
Impairment of mortgage servicing rights (9) (506)
Impairment of leases 84  
Unrealized (gains) losses recognized on equity securities 2,454 (2,420)
(Gain) loss on sales of equity securities, net (24)  
(Gain) loss on sales of debt securities, net (102) (119)
(Gain) loss on sales of loans, net (1,451) (6,133)
(Gain) loss on sales of OREO 39 161
(Gain) loss on sales of premises and equipment (679) (986)
(Gain) loss on life insurance proceeds   (488)
(Increase) decrease in cash surrender value of bank owned life insurance (1,758) (1,953)
Provision for deferred income taxes (2) 3,804
Stock-based compensation 4,245 3,885
Mortgage loans originated for sale (47,305) (157,670)
Proceeds from sales of mortgage loans 67,586 188,216
Net change in operating assets and liabilities:    
(Increase) decrease in other assets (30,313) (12,063)
Increase (decrease) in other liabilities (8,320) (14,260)
Net cash provided by (used in) operating activities 73,682 79,912
Cash Flows Provided by (Used in) Investing Activities    
Purchases of equity securities (5,948) (5,998)
Purchases of debt securities available for sale (279,831) (1,274,797)
Proceeds from sales of equity securities 6,546 1,235
Proceeds from sales of debt securities available for sale   290,955
Proceeds from paydowns and maturities of debt securities held to maturity 33,894  
Proceeds from paydowns and maturities of debt securities available for sale 273,524 424,725
Net cash received in (paid for) acquisitions (see Note 2)   236,981
Net (increase) decrease in loans (310,582) 81,441
Cash paid for premiums on bank-owned life insurance (96) (113)
Proceeds from life insurance 219 3,227
Purchases of premises and equipment (2,672) (3,093)
Proceeds from disposition of premises and equipment 3,068 5,158
Proceeds from sales of OREO 2,469 1,410
Net cash provided by (used in) investing activities (279,409) (238,869)
Cash Flows Provided by (Used in) Financing Activities    
Net increase (decrease) in deposits (371,122) 335,422
Net change in federal funds purchased and securities sold under agreements to repurchase (41,756) 15,001
Proceeds from FHLB advances   5,000
Repayment of FHLB advances (5,336) (4,327)
Proceeds from other borrowings, net of debt issuance costs 98,094 72,500
Repayment of other borrowings (46,000)  
Cash dividends paid (25,452) (24,997)
Purchase of treasury stock (6,824) (7,248)
Cash paid for withholding taxes on stock-based payments (849)  
Issuance of treasury stock for ESPP (271)  
Common stock issuance costs   (121)
Net cash provided by (used in) financing activities (399,516) 391,230
Net increase (decrease) in cash and cash equivalents (605,243) 232,273
Cash and cash equivalents, beginning of period 836,095 688,537
Cash and cash equivalents, ending of period 230,852 920,810
Cash payments for:    
Interest 13,452 11,571
Income taxes 20,366 19,156
Non-cash investing and financing activities:    
OREO acquired in settlement of loans 132 $ 137
Transfer of debt securities available for sale to held to maturity $ 985,199