XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Operating activities            
Net income $ 51,520   $ 50,888 $ 92,821 $ 98,203  
Adjustments to reconcile net income to net cash provided by operating activities:            
Provision for (recapture of) credit losses       (6,601) (251)  
Depreciation and amortization       16,107 16,281  
Stock-based compensation expense       5,828 5,335  
Pension expense (income) 554   845 1,179 1,695  
Net amortization (accretion) on investment securities       7,630 18,989  
Net (gain) loss on sales of investment securities       (3) 431  
Unrealized gain (loss) on equity securities 1,054   (161) 1,253 (273)  
Originations of loans held for sale       (207,855) (423,914)  
Net gains from sales of loans held for sale (5,241)   (8,489) (9,113) (17,943)  
Proceeds from sales of loans held for sale       211,009 447,255  
Deferred income taxes       10,086 5,863  
Operating Lease, Right-of-Use Asset, Amortization Expense       3,802 3,701  
Payments for operating leases (1,960)   (1,647) (3,902) (3,437)  
Decrease (increase) cash surrender value of life insurance       1,085 950  
Decrease (increase) in interest receivable       (2,026) 2,102  
(Decrease) increase in interest payable       232 (1,720)  
Decrease (increase) in other assets       (32,908) 93,861  
(Decrease) increase in other liabilities       179,297 (39,569)  
Net cash provided by (used in) operating activities       265,751 205,659  
Investing activities            
Proceeds from Sale of Debt Securities, Available-for-sale       5,003 212,246  
Proceeds from calls, paydowns and maturities of securities available-for-sale       443,254 550,239  
Payments to Acquire Debt Securities, Available-for-sale       403,863 1,394,143  
Proceeds from calls, paydowns and maturities of securities held-to-maturity       10,500 20,371  
Payments to Acquire Held-to-maturity Securities       0 (1,000)  
Payments to Acquire Other Investments       30,441 5,401  
Proceeds from Maturities, Prepayments and Calls of Other Investments       8 9,440  
Net decrease (increase) in interest-bearing deposits with other banks       29,837 (18,305)  
Net decrease (increase) in loans and leases       (123,568) 378,739  
Proceeds from disposal of other real estate owned 72   603 170 1,036  
Purchases of premises and equipment       (7,237) (5,163)  
Net change in operating leases       (20,358) 0  
Proceeds from Life Insurance Policy       3,502 303  
Net cash provided by (used in) investing activities       (93,193) (251,638)  
Financing activities            
Net (decrease) increase in total deposits       (594,843) 274,177  
Net (decrease) increase in short-term borrowings       599,797 306,197  
Payments of long-term debt       51,634 463,382  
Cash dividends paid on common stock       (43,537) (44,337)  
Treasury stock purchase       0 50,846  
Proceeds from exercise of stock options       177 34  
Net cash provided by (used in) financing activities       (90,040) 21,843  
Cash and due from banks:            
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect       82,518 (24,136)  
Cash and due from bank at beginning of period   $ 220,031   220,031 231,054 $ 231,054
Cash and due from bank at end of period 302,549   206,918 302,549 206,918 220,031
Supplemental Disclosures            
Interest Paid       16,200 18,341  
Income Taxes Paid       4,307 10,938  
Supplemental schedule for investing activities            
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 1,028     1,028    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities (238)     (238)   (121,901)
Goodwill $ 0 $ (800) $ 0 $ (790) $ 0 $ 63,000