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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flow From Operating Activities:    
Net income $ 151,329 $ 157,798
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 16,755 0
Depreciation and amortization 8,802 8,087
Change in deferred taxes 2,676 (703)
Share-based compensation 3,430 3,615
Loans originated for sale (178,972) (410,858)
Proceeds from sales of loans held for sale 176,567 422,555
Gains on sales of loans held for sale (3,851) (13,721)
Gains on sales of securities available for sale (1,137) (5,316)
Increase in cash surrender of life insurance (3,831) (3,592)
Gains on life insurance benefits (5,828) (1,417)
Change in interest receivable (7,230) 869
Change in interest payable 1,144 449
Other adjustments (15,170) 3,761
Net cash provided by operating activities 144,684 161,527
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 294,561 22,858
Purchases of:    
Securities available for sale (450,168) (807,833)
Securities held to maturity (288,094) (1,017,274)
Proceeds from sales of securities available for sale 524,688 157,776
Proceeds from maturities of:    
Securities available for sale 181,997 216,135
Securities held to maturity 127,582 170,937
Change in Federal Home Loan Bank stock 2,368 0
Net change in loans (803,746) 126,523
Net cash and cash equivalents received (paid) in acquisition 137,780 (2,933)
Proceeds from the sale of other real estate owned 495 678
Proceeds from life insurance benefits 23,911 5,929
Proceeds from mortgage portfolio loan sale 0 76,067
Other adjustments (9,003) (8,121)
Net cash used in investing activities (257,629) (1,059,258)
Net change in :    
Demand and savings deposits (29,993) 1,136,017
Certificates of deposit and other time deposits (198,549) (148,938)
Borrowings 913,330 45,482
Repayment of borrowings (567,223) (94,098)
Cash dividends on preferred stock (938) 0
Cash dividends on common stock (53,688) (45,608)
Stock issued under employee benefit plans 520 445
Stock issued under dividend reinvestment and stock purchase plans 1,536 1,405
Stock options exercised 336 198
Repurchase of common stock 0 (20,807)
Net cash provided by financing activities 65,331 874,096
Net Change in Cash and Cash Equivalents (47,614) (23,635)
Cash and Cash Equivalents, January 1 167,146 192,896
Cash and Cash Equivalents, September 30 119,532 169,261
Additional cash flow information:    
Interest paid 40,568 26,783
Income tax paid 12,102 23,396
Loans transferred to other real estate owned 6,418 292
Fixed assets transferred to other real estate owned 1,398 6,282
Non-cash investing activities using trade date accounting 41,106 67,811
ROU assets obtained in exchange for new operating lease liabilities 9,081 2,591
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 2,510,576 4,041
Cash paid in acquisition (79,324) (3,225)
Liabilities assumed 2,168,863 816
Common Stock    
In conjunction with the acquisitions, liabilities were assumed as follows:    
Less: common stock and preferred stock issued 237,389 0
Preferred Stock    
In conjunction with the acquisitions, liabilities were assumed as follows:    
Less: common stock and preferred stock issued $ 25,000 $ 0