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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flow From Operating Activities:      
Net income $ 148,600 $ 164,460 $ 159,139
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 58,673 2,800 7,227
Depreciation and amortization 11,009 9,383 8,842
Change in deferred taxes (9,735) 4,965 3,524
Share-based compensation 4,600 4,115 3,592
Loans originated for sale (591,057) (511,407) (372,791)
Proceeds from sales of loans held for sale 611,945 513,357 380,254
Gains on sales of loans held for sale (15,817) (6,209) (5,025)
Gains on sales of securities available for sale (11,895) (4,415) (4,269)
Increase in cash surrender of life insurance (5,040) (4,518) (4,020)
Gains on life insurance benefits (100) (19) (198)
Change in interest receivable (5,047) (4,659) (3,751)
Change in interest payable (3,467) 1,090 1,217
Other adjustments 12,142 9,464 6,494
Net cash provided by operating activities 204,811 178,407 180,235
Cash Flows from Investing Activities:      
Net change in interest-bearing deposits (274,042) 199,928 (1,936)
Purchases of:      
Securities available for sale (613,117) (676,791) (370,284)
Securities held to maturity (699,095) (423,385) (30,465)
Proceeds from sales of securities available for sale 231,391 132,837 154,519
Proceeds from maturities of:      
Securities available for sale 322,617 138,356 77,881
Securities held to maturity 273,229 130,502 66,129
Redemption (Purchase) of Federal Reserve and Federal Home Loan Bank stock 0 0 (763)
Net change in loans (792,986) (512,364) (483,418)
Net cash and cash equivalents received in acquisition 0 10,207 0
Proceeds from the sale of other real estate owned 8,655 2,060 9,121
Proceeds from life insurance benefits 601 815 2,836
Other investing activities (9,278) (8,564) 804
Net cash used in investing activities (1,552,025) (1,006,399) (575,576)
Net change in :      
Demand and savings deposits 2,336,120 883,524 526,859
Certificates of deposit and other time deposits (814,466) 95,913 55,204
Borrowings 573,757 599,298 1,515,526
Repayment of borrowings (621,548) (643,169) (1,677,860)
Cash dividends on common stock (56,542) (51,276) (41,660)
Stock issued under employee benefit plans 639 702 707
Stock issued under dividend reinvestment and stock purchase plans 1,726 1,531 1,211
Stock options exercised 115 144 1,598
Restricted shares withheld for taxes (980) (1,680) (1,902)
Repurchase of common stock (55,912) (19,041) 0
Net cash provided by financing activities 1,362,909 865,946 379,683
Net Change in Cash and Cash Equivalents 15,695 37,954 (15,658)
Cash and Cash Equivalents, January 1 177,201 139,247 154,905
Cash and Cash Equivalents, December 31 192,896 177,201 139,247
Additional cash flow information:      
Interest paid 69,848 107,598 67,870
Income tax paid 33,201 23,588 23,289
Loans transferred to other real estate owned 813 7,031 855
Fixed assets transferred to other assets 262 1,210 374
Non-cash investing activities using trade date accounting 6,183 0 6,551
Investments transferred from held to maturity to available for sale in accordance with ASU 2017-12 0 0 30,794
ROU assets obtained in exchange for new operating lease liabilities 1,601 23,529 0
Liabilities assumed in conjunction with acquisitions      
Fair value of assets acquired 0 1,451,287 0
Cash received (paid) in acquisition 0 (15) 0
Less: Common stock issued 0 229,926 0
Liabilities assumed $ 0 $ 1,221,346 $ 0