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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Operating activities      
Net income $ 41,301 $ 47,315  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recapture of) credit losses (5,815) 3,988  
Depreciation and amortization 8,107 8,233  
Stock-based compensation expense 3,507 2,842  
Pension expense (income) 625 850  
Net amortization (accretion) on investment securities 4,092 9,136  
Net (gain) loss on sales of investment securities (3) 166  
Unrealized gain (loss) on equity securities 199 (112)  
Originations of loans held for sale (98,958) (206,222)  
Net gains from sales of loans held for sale (3,872) (9,454)  
Proceeds from sales of loans held for sale 113,939 220,374  
Deferred income taxes 334 3,303  
Operating Lease, Right-of-Use Asset, Amortization Expense 1,899 1,851  
Payments for operating leases (1,942) (1,790)  
Decrease (increase) cash surrender value of life insurance 652 479  
Decrease (increase) in interest receivable 1,846 (777)  
(Decrease) increase in interest payable 164 (518)  
Decrease (increase) in other assets 52,590 117,134  
(Decrease) increase in other liabilities 26,454 (48,806)  
Net cash provided by (used in) operating activities 143,815 147,034  
Proceeds from Sale of Debt Securities, Available-for-sale 5,003 50,451  
Investing activities      
Proceeds from calls, paydowns and maturities of securities available-for-sale 232,267 279,426  
Payments to Acquire Debt Securities, Available-for-sale 173,954 665,723  
Proceeds from calls, paydowns and maturities of securities held-to-maturity 5,906 10,799  
Payments to Acquire Held-to-maturity Securities 0 (1,000)  
Payments to Acquire Other Investments 11,799 992  
Proceeds from Maturities, Prepayments and Calls of Other Investments 8 2,488  
Net decrease (increase) in interest-bearing deposits with other banks (12,336) 1,125  
Net decrease (increase) in loans and leases 49,580 (40,390)  
Proceeds from disposal of other real estate owned 98 433  
Purchases of premises and equipment (3,181) (2,717)  
Net change in operating leases (12,085) 0  
Net cash provided by (used in) investing activities 82,823 (366,100)  
Financing activities      
Net (decrease) increase in total deposits (53,046) 416,066  
Net (decrease) increase in short-term borrowings (111,203) 14,793  
Payments of long-term debt 30,183 192,508  
Cash dividends paid on common stock (21,986) (22,200)  
Treasury stock purchase 0 17,982  
Proceeds from exercise of stock options 177 34  
Net cash provided by (used in) financing activities (216,241) 198,203  
Cash and due from banks:      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 10,397 (20,863)  
Cash and due from bank at beginning of period 220,031 231,054 $ 231,054
Cash and due from bank at end of period 230,428 210,191 220,031
Supplemental Disclosures      
Interest Paid 7,321 9,252  
Income Taxes Paid 170 147  
Supplemental schedule for investing activities      
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 1,028    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities (238)   (121,901)
Goodwill (790) $ 0 $ 63,000
Proceeds from Life Insurance Policy $ 3,316