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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow From Operating Activities:    
Net income $ 67,255 $ 79,873
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 41,647 1,700
Depreciation and amortization 5,435 4,379
Change in deferred taxes (18,509) (398)
Share-based compensation 2,433 1,825
Loans originated for sale (322,288) (183,498)
Proceeds from sales of loans held for sale 336,583 184,667
Gains on sales of loans held for sale (6,159) (2,245)
Gains on sales of securities available for sale (7,680) (2,983)
Increase in cash surrender of life insurance (2,591) (1,916)
Gains on life insurance benefits 95 19
Change in interest receivable (8,162) (4,269)
Change in interest payable (1,167) 1,133
Other adjustments 28,006 4,759
Net cash provided by operating activities 114,708 83,008
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (261,758) (92,651)
Purchases of:    
Securities available for sale (341,116) (306,291)
Securities held to maturity (221,711) (238,559)
Proceeds from sales of securities available for sale 167,390 82,052
Proceeds from maturities of:    
Securities available for sale 135,398 53,910
Securities held to maturity 127,380 35,185
Net change in loans (840,804) (288,195)
Proceeds from the sale of other real estate owned 592 827
Proceeds from life insurance benefits 177 633
Other adjustments (5,190) (3,691)
Net cash used in investing activities (1,239,642) (756,780)
Net change in :    
Demand and savings deposits 1,419,771 400,314
Certificates of deposit and other time deposits (293,739) 164,421
Borrowings 467,056 533,010
Repayment of borrowings (332,595) (410,689)
Cash dividends on common stock (28,336) (23,847)
Stock issued under employee benefit plans 309 362
Stock issued under dividend reinvestment and stock purchase plans 863 709
Stock options exercised 83 105
Restricted shares withheld for taxes (8) (1,675)
Repurchase of common stock (55,912) 0
Net cash provided by financing activities 1,177,492 662,710
Net Change in Cash and Cash Equivalents 52,558 (11,062)
Cash and Cash Equivalents, January 1 177,201 139,247
Cash and Cash Equivalents, June 30 229,759 128,185
Additional cash flow information:    
Interest paid 43,331 50,175
Income tax paid (refunded) (300) 11,499
Loans transferred to other real estate owned 761 314
Fixed assets transferred to other real estate owned 262 965
Non-cash investing activities using trade date accounting 13,115 40,618
ROU assets obtained in exchange for new operating lease liabilities $ 1,398 $ 23,384