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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income per consolidated statements of income $ 165,489 $ 71,887 $ 147,365
Adjustments to reconcile net income to net cash provided by operating activities:      
PCL 24,581 22,892 (24,448)
Depreciation and amortization 35,756 39,882 45,813
Net amortization of securities 6,140 11,206 20,310
Securities (gains) losses, net (39) 0 0
Gains on sales of loans, net (13,599) (24,914) (70,954)
Compensation expense, long-term incentive plan 6,155 4,883 5,601
Deferred income tax provision (4,800) (16,800) 20,115
Proceeds from sales of LHFS 1,149,609 1,267,967 2,357,108
Purchases and originations of LHFS (1,177,563) (1,116,232) (2,171,605)
Originations of MSR (13,712) (17,843) (28,125)
Earnings on bank-owned life insurance (5,244) (4,875) (4,853)
Net change in other assets (11,454) (51,921) 42,400
Net change in other liabilities 34,376 167,743 19,645
Other operating activities, net 1,192 (57,359) (9,601)
Net cash from operating activities 196,887 296,516 348,771
Investing Activities      
Proceeds from maturities, prepayments and calls of securities held to maturity 103,051 136,135 197,091
Proceeds from maturities, prepayments and calls of securities available for sale 301,344 435,386 835,200
Proceeds from sales of securities available for sale 4,796 0 0
Purchases of securities held to maturity (19,491) (604,938) 0
Purchases of securities available for sale 0 (230,527) (2,150,935)
Net proceeds from bank-owned life insurance (46) 288 1,772
Net change in federal funds sold and securities purchased under reverse repurchase agreements 4,000 (4,000) 50
Net change in member bank stock 17,830 (39,329) (1,220)
Net change in LHFI and PPP loans (761,931) (1,925,327) (197,800)
Proceeds from sales of PPP loans 0 0 353,287
Purchases of premises and equipment (40,082) (26,624) (27,360)
Proceeds from sales of premises and equipment 1,863 5,107 961
Proceeds from sales of other real estate 2,410 3,136 5,064
Purchases of software (8,575) (7,388) (3,836)
Investments in tax credit and other partnerships (16,343) (22,321) (17,288)
Net cash from investing activities (411,174) (2,280,402) (1,005,014)
Financing Activities      
Net change in deposits 1,132,115 (649,512) 1,038,396
Net change in federal funds purchased and securities sold under repurchase agreements (43,586) 210,754 74,058
Net change in other borrowings (575,020) 974,981 (19,189)
Payments under finance lease obligations (721) (1,409) (1,434)
Common stock dividends (56,653) (56,679) (58,085)
Repurchase and retirement of common stock 0 (24,604) (61,799)
Shares withheld to pay taxes, long-term incentive plan (1,092) (1,687) (1,379)
Net cash from financing activities 455,043 451,844 970,568
Net change in cash and cash equivalents 240,756 (1,532,042) 314,325
Cash and cash equivalents at beginning of year 734,787 2,266,829 1,952,504
Cash and cash equivalents at end of year $ 975,543 $ 734,787 $ 2,266,829