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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flow From Operating Activities:    
Net income $ 103,465 $ 116,630
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 54,191 2,300
Depreciation and amortization 8,214 6,737
Change in deferred taxes (17,015) (1,097)
Share-based compensation 3,568 2,887
Loans originated for sale (477,877) (361,054)
Proceeds from sales of loans held for sale 494,945 362,084
Gains on sales of loans held for sale (11,214) (4,162)
Gains on sales of securities available for sale (9,497) (3,376)
Increase in cash surrender of life insurance (3,761) (3,060)
Gains on life insurance benefits (96) (19)
Change in interest receivable (4,091) (1,681)
Change in interest payable (1,716) 2,191
Other adjustments 6,111 18,149
Net cash provided by operating activities 145,227 136,529
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (155,673) 88,090
Purchases of:    
Securities available for sale (355,407) (435,804)
Securities held to maturity (507,091) (397,166)
Proceeds from sales of securities available for sale 206,704 102,840
Proceeds from maturities of:    
Securities available for sale 230,673 89,603
Securities held to maturity 201,272 67,791
Net change in loans (793,033) (352,716)
Net cash and cash equivalents received in acquisition 0 10,207
Proceeds from the sale of other real estate owned 959 1,571
Proceeds from life insurance benefits 520 816
Other adjustments (8,380) (6,064)
Net cash used in investing activities (1,179,456) (830,832)
Net change in :    
Demand and savings deposits 1,651,095 729,495
Certificates of deposit and other time deposits (584,898) 175,437
Borrowings 563,697 535,239
Repayment of borrowings (510,826) (626,971)
Cash dividends on common stock (42,435) (36,793)
Stock issued under employee benefit plans 460 518
Stock issued under dividend reinvestment and stock purchase plans 1,293 1,109
Stock options exercised 83 121
Restricted shares withheld for taxes (897) (1,675)
Repurchase of common stock (55,912) (19,041)
Net cash provided by financing activities 1,021,660 757,439
Net Change in Cash and Cash Equivalents (12,569) 63,136
Cash and Cash Equivalents, January 1 177,201 139,247
Cash and Cash Equivalents, September 30 164,632 202,383
Additional cash flow information:    
Interest paid 57,184 78,260
Income tax paid (refunded) 32,367 19,335
Loans transferred to other real estate owned 761 6,902
Fixed assets transferred to other real estate owned 262 965
Non-cash investing activities using trade date accounting 66,205 13,893
ROU assets obtained in exchange for new operating lease liabilities 1,406 23,496
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 0 1,450,741
Cash paid in acquisition 0 (15)
Less: Common stock issued 0 229,926
Liabilities assumed $ 0 $ 1,220,800