XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 194,820,000 $ 197,396,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss 13,741,000 5,137,000
Specific reserve, other real estate owned 416,000 2,065,000
Depreciation of bank premises and equipment 16,355,000 19,263,000
(Gain) loss on sale of bank premises and equipment (3,426,000) 5,000
(Gain) loss on sale of other real estate owned (1,781,000) 160,000
Accretion of investment securities discounts (1,257,000) (400,000)
Amortization of investment securities premiums 11,617,000 29,749,000
Investment securities transactions, net   16,000
Unrealized loss on equity securities with readily determinable fair values 728,000 70,000
Proceeds from settlements of claims   2,870,000
Stock based compensation expense 347,000 391,000
Earnings from affiliates and other investments (9,960,000) (66,746,000)
Deferred income taxes (1,838,000) (792,000)
(Increase) decrease in accrued interest receivable (6,483,000) 6,487,000
(Increase) decrease in other assets (7,325,000) 7,436,000
Increase in other liabilities 82,553,000 21,381,000
Net cash provided by operating activities 288,507,000 224,488,000
Investing activities:    
Proceeds from maturities of securities 2,200,000 1,200,000
Proceeds from sales and calls of available for sale securities 800,000 5,890,000
Purchases of available for sale securities (1,160,632,000) (2,856,135,000)
Principal collected on mortgage backed securities 605,706,000 1,333,256,000
Net decrease in loans 153,278,000 116,355,000
Purchases of other investments (72,799,000) (45,184,000)
Distributions from other investments 5,995,000 60,207,000
Purchases of bank premises and equipment (12,798,000) (6,070,000)
Proceeds from sales of bank premises and equipment 12,523,000 1,278,000
Proceeds from sales of other real estate owned 8,427,000 7,925,000
Net cash used in investing activities (457,300,000) (1,381,278,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 162,603,000 880,951,000
Net increase in savings and interest bearing demand deposits 158,665,000 608,052,000
Net (decrease) increase in time deposits (58,630,000) 33,110,000
Net increase (decrease) in securities sold under repurchase agreements 67,471,000 (3,751,000)
Net decrease in other borrowed funds (145,000) (141,000)
Purchase of treasury stock (51,939,000) (704,000)
Proceeds from stock transactions 732,000 2,232,000
Payments of cash dividends (75,375,000) (72,839,000)
Net cash provided by financing activities 203,382,000 1,446,910,000
Increase in cash and cash equivalents 34,589,000 290,120,000
Cash and cash equivalents at beginning of period 3,209,242,000 1,997,238,000
Cash and cash equivalents at end of period 3,243,831,000 2,287,358,000
Supplemental cash flow information:    
Interest paid 21,604,000 21,127,000
Income taxes paid 1,980,000 47,392,000
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 204,000 $ 16,370,000
Net transfers from bank premises and equipment to other assets $ 2,476,000