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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 147,920 $ 134,277
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 34,291 (5,450)
Depreciation and amortization of premises and equipment 14,675 14,963
Net amortization of investment securities premiums 5,829 7,027
Investment securities gains, net (19) (27)
Gain on sales of mortgage loans held for sale (2,277) (5,568)
Proceeds from sales of mortgage loans held for sale 132,609 297,511
Originations of mortgage loans held for sale (137,741) (273,704)
Intangible amortization 1,746 353
Amortization of issuance costs and discounts on long-term borrowings 360 379
Stock-based compensation 4,240 6,375
Net change in deferred federal income tax 19,232 (96,703)
Net change in accrued salaries and benefits (12,163) 1,274
Net change in life insurance cash surrender value (20,433) (28,742)
Other changes, net 28,641 (67,652)
Total adjustments 68,990 (149,964)
Net cash provided by (used in) operating activities 216,910 (15,687)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 80,666 109,252
Proceeds from principal repayments and maturities of AFS securities 55,102 316,037
Proceeds from principal repayments and maturities of HTM securities 29,815 67,230
Purchase of AFS securities (64,996) (501,642)
Purchase of HTM securities 0 (9,541)
Net change in FRB and FHLB stock 5,968 (4,511)
Net change of federal funds sold 0 (30,500)
Net change in loans (781,310) (590,797)
Net purchases of premises and equipment (11,019) (6,245)
Proceeds from Life Insurance Policy 45 0
Net change in tax credit investments (18,436) (18,735)
Net cash used in investing activities (704,165) (669,452)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits (796,291) (253,864)
Net change in time deposits and broker deposits 1,353,293 (175,769)
Net change in other borrowings (152,453) 39,967
Repayments of senior debt and subordinated debt 0 (65,140)
Net proceeds from issuance of common stock 1,009 2,698
Dividends paid (55,073) (51,693)
Acquisition of treasury stock (40,449) 0
Net cash provided by (used in) financing activities 310,036 (503,801)
Net decrease in Cash and Cash Equivalents (177,219) (1,188,940)
Cash and Cash Equivalents at Beginning of Period 681,921 1,638,614
Cash and Cash Equivalents at End of Period 504,702 449,674
Cash paid during the period for:    
Interest 162,377 24,149
Income taxes 15,183 15,692
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 0 $ 479,008