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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 92,654 $ 97,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,903 2,832
Provision for (reversal of) credit losses 14,450 (6,315)
Amortization of intangibles 1,276 1,498
Net accretion of loans (2,448) (4,130)
Accretion on bank premises (37) (61)
Accretion on deposits (657) (1,762)
Amortization (accretion) on borrowings, net 27 (43)
Stock-based compensation 3,519 3,202
Gains on sales/redemptions of securities available-for-sale, net 0 (195)
Losses on equity securities, net 1,431 242
Gain on sale of branches 0 (674)
Net losses on disposition of other premises and equipment 0 65
Gains on sale of loans held-for-sale, net (1,519) (2,668)
Loans originated for resale (18,619) (43,676)
Proceeds from sale of loans held-for-sale 25,955 57,674
Loss/(gain) on sale of other real estate owned 6 (18)
Increase in cash surrender value of bank owned life insurance (4,069) (3,527)
Amortization of premiums and accretion of discounts on securities available-for-sale 1,848 4,677
Amortization of subordinated debentures issuance costs 228 227
(Increase) decrease in accrued interest receivable (4,788) 1,707
Net change in operating leases (142) (734)
(Increase) decrease in other assets (4,781) 43,319
(Decrease) increase in other liabilities (12,291) 5,689
Net cash provided by operating activities 94,946 154,644
Cash flows from investing activities    
Purchases (320,946) (203,534)
Maturities, calls and principal repayments 135,548 215,531
Purchases of equity securities (3,200) (555)
Net (purchases) redemptions of restricted investment in bank stocks (17,498) 6,993
Cash flow hedge premium payment (6,965) 0
Payments on loans held-for-sale 5 32
Net increase in loans (1,084,483) (345,098)
Purchases of bank owned life insurance (30,000) (25,000)
Purchases of premises and equipment (2,353) (2,473)
Proceeds from sale of branches 0 1,087
Proceeds from sale of other real estate owned 309 321
Net cash used in investing activities (1,329,583) (352,696)
Cash flows from financing activities    
Net increase in deposits 978,214 440,876
Repayment of subordinated debentures 0 (50,000)
Advances of borrowings 2,305,181 100,000
Repayments of borrowings (1,943,448) (272,686)
Cash dividends on preferred stock (4,528) 0
Repurchase of treasury stock (13,127) (8,043)
Cash dividends paid on common stock (17,338) (12,345)
Proceeds from exercise of stock options 124 45
Net proceeds from the issuance of preferred stock 0 110,927
Share redemption for tax withholdings on performance units and restricted stock units earned (2,133) (1,283)
Net cash provided by financing activities 1,302,945 307,491
Net change in cash and cash equivalents 68,308 109,439
Cash and cash equivalents at beginning of period 265,536 303,756
Cash and cash equivalents at end of period 333,844 413,195
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 34,552 32,664
Income taxes 31,426 35,809
Supplemental disclosures of noncash activities    
Transfer of loans from held-for-investment to other real estate owned 579 304
Transfer of loans from held-for-investment to held-for-sale 13,652 14,211
Transfer of loans from held-for-sale to held-for-investment $ 0 $ 1,963