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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income per consolidated statements of income $ 71,887 $ 147,365 $ 160,025
Adjustments to reconcile net income to net cash provided by operating activities:      
PCL 22,892 (24,448) 45,047
Depreciation and amortization 39,882 45,813 41,325
Net amortization of securities 11,206 20,310 13,247
Gains on sales of loans, net (24,914) (70,954) (94,986)
Compensation expense, long-term incentive plan 4,883 5,601 5,197
Deferred income tax provision (16,800) 20,115 (19,800)
Proceeds from sales of LHFS 1,267,967 2,357,108 2,627,122
Purchases and originations of LHFS (1,116,232) (2,171,605) (2,668,642)
Originations of MSR (17,843) (28,125) (29,805)
Earnings on bank-owned life insurance (4,875) (4,853) (5,099)
Net change in other assets (51,921) 42,400 (49,653)
Net change in other liabilities 167,743 19,645 13,669
Other operating activities, net (57,359) (9,601) 27,699
Net cash from operating activities 296,516 348,771 65,346
Investing Activities      
Proceeds from maturities, prepayments and calls of securities held to maturity 136,135 197,091 201,888
Proceeds from maturities, prepayments and calls of securities available for sale 435,386 835,200 680,294
Purchases of securities held to maturity (604,938) 0 0
Purchases of securities available for sale (230,527) (2,150,935) (1,051,014)
Net proceeds from bank-owned life insurance 288 1,772 3,280
Net change in federal funds sold and securities purchased under reverse repurchase agreements (4,000) 50 (50)
Net change in member bank stock (39,329) (1,220) 269
Net change in LHFI and PPP loans (1,925,327) (197,800) (1,027,924)
Proceeds from sales of PPP loans 0 353,287 0
Purchases of premises and equipment (26,624) (27,360) (22,577)
Proceeds from sales of premises and equipment 5,107 961 2,803
Proceeds from sales of other real estate 3,136 5,064 17,343
Purchases of software (7,388) (3,836) (8,252)
Investments in tax credit and other partnerships (22,321) (17,288) (5,844)
Purchase of insurance book of business 0 0 (3,097)
Net cash used in business acquisition 0 0 (4,834)
Net cash from investing activities (2,280,402) (1,005,014) (1,217,715)
Financing Activities      
Net change in deposits (649,512) 1,038,396 2,803,207
Net change in federal funds purchased and securities sold under repurchase agreements 210,754 74,058 (91,501)
Net change in other borrowings 974,981 (19,189) 473
Payments under finance lease obligations (1,409) (1,434) (1,715)
Proceeds from subordinated notes 0 0 122,900
Common stock dividends (56,679) (58,085) (58,769)
Repurchase and retirement of common stock (24,604) (61,799) (27,538)
Shares withheld to pay taxes, long-term incentive plan (1,687) (1,379) (1,100)
Net cash from financing activities 451,844 970,568 2,745,957
Net change in cash and cash equivalents (1,532,042) 314,325 1,593,588
Cash and cash equivalents at beginning of year 2,266,829 1,952,504 358,916
Cash and cash equivalents at end of year $ 734,787 $ 2,266,829 $ 1,952,504