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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 $ 217,612 $ 205,160 $ 155,810
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses 11,713 (18,121) 70,559
Depreciation and amortization 31,181 32,136 33,337
Stock-based compensation expense 13,379 9,635 7,678
Pension expense (income) 2,002 3,365 2,484
Net amortization (accretion) on investment securities 12,819 28,987 21,053
Net (gain) loss on sales/transfers of investments securities 569 759 (4,563)
Equity Securities, FV-NI, Unrealized Gain (Loss) 639 (702) (9,045)
Originations of loans held for sale (368,574) (794,524) (942,207)
Net (gains) losses on sales of loans held for sale (15,048) (33,021) (51,176)
Proceeds from sales of loans held for sale 375,122 825,102 965,960
Deferred income taxes (3,505) 12,087 (8,380)
Operating Lease, Expense 7,626 7,425 7,897
Operating Lease, Payments (7,824) (6,860) (8,196)
Life Insurance, Corporate or Bank Owned, Change in Value 2,287 1,833 3,031
Decrease (increase) in interest receivable (19,134) 6,463 (9,697)
(Decrease) increase in interest payable 6,652 (1,889) (7,431)
Decrease (increase) in other assets (226,398) 138,225 (288,857)
(Decrease) increase in other liabilities 164,302 (24,237) 176,168
Net cash provided by (used in) operating activities 200,846 388,157 108,363
Investing activities      
Proceeds from Sale of Debt Securities, Available-for-sale 277,082 375,276 122,248
Proceeds from calls, paydowns and maturities of securities available-for-sale 704,304 1,139,498 904,821
Payments to Acquire Debt Securities, Available-for-sale (641,643) (2,418,290) (1,551,952)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 14,640 34,563 41,736
Purchases of securities held-to-maturity 0 (1,000) (30,250)
Proceeds from Maturities, Prepayments and Calls of Other Investments 8 42,403 29,526
Purchases of other investment securities (40,836) (11,474) (28,659)
Net decrease (increase) in interest-bearing deposits with other banks (173,371) (194,506) 36,643
Proceeds from Sale of Loans Held-for-investment 0 141,072 0
Payments for (Proceeds from) Other Loans and Leases 987,088 (503,203) 714,594
Proceeds from Sale of Other Real Estate 192 1,278 2,076
Purchases of premises and equipment (13,778) (15,333) (16,466)
Net change in operating leases (29,475) 0 0
Proceeds from Life Insurance Policy 6,860 2,305 1,525
Net cash acquired (paid) in business combinations 0 (109,024) 0
Net cash provided by (used in) investing activities (883,105) (510,029) (1,203,346)
Financing activities      
Net (decrease) increase in total deposits (170,777) 639,951 2,021,774
Net (decrease) increase in short-term borrowings 990,953 129,609 (1,149,587)
Payments on long-term borrowings (64,018) (463,382) (681,511)
Proceeds from FHLBank Borrowings, Financing Activities 0 0 1,040,975
Cash dividends paid on common stock (86,606) (87,316) (89,691)
Treasury stock purchase 0 (108,077) (16,686)
Proceeds from exercise of stock options 177 64 72
Net cash provided by (used in) financing activities 669,729 110,849 1,125,346
Cash and due from banks      
Net (decrease) increase in Cash and due from banks (12,530) (11,023) 30,363
Cash and due from banks at beginning of year 220,031 231,054 200,691
Cash and due from banks at end of year 207,501 220,031 231,054
Supplemental disclosures      
Interest paid 59,512 32,841 75,884
Income taxes paid 5,696 17,689 32,579
Acquisition of other real estate owned through foreclosure 327 98 1,017
Issuance of restricted stock awards 22,280 12,231 9,370
Investment securities purchased not settled 0 0 23,208
Common stock issued in bank acquisitions 0 10,000 0
Supplemental schedule for investing activities      
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 64 62,916 0
Total liabilities assumed 822 125,894 0
Goodwill $ 758 $ 62,978 $ 0