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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net Cash Provided by Operating Activities $ 153,301 $ 128,043
INVESTING ACTIVITIES    
Purchases of securities (311,969) (153,587)
Proceeds from maturities, prepayments and calls of securities 79,759 72,951
Proceeds from sales of securities 0 1,917
Proceeds from redemption of Federal Home Loan Bank stock 11,465 13,137
Purchases of Federal Home Loan Bank stock (9,895) (10,213)
Net (increase) decrease in loans (45,440) 201,545
Proceeds from sale of portfolio loans 4,326 3,438
Purchases of premises and equipment (1,556) (1,926)
Proceeds from the sale of premises and equipment 131 74
Net Cash (Used in) Provided by Investing Activities (273,179) 127,336
FINANCING ACTIVITIES    
Net (decrease) increase in core deposits (277,322) 712,568
Net decrease in certificates of deposit (106,915) (117,782)
Net (decrease) increase in securities sold under repurchase agreements (45,232) 3,424
Net decrease in short-term borrowings 0 (75,000)
Repayments on long-term borrowings (442) (712)
Repurchase of shares for taxes on restricted stock (434) (302)
Cash dividends paid to common shareholders (23,145) (21,963)
Repurchase of common stock (4,153) 0
Net Cash (Used in) Provided by Financing Activities (457,643) 500,233
Net (decrease) increase in cash and cash equivalents (577,521) 755,612
Cash and cash equivalents at beginning of period 922,215 229,666
Cash and Cash Equivalents at End of Period 344,694 985,278
Supplemental Disclosures    
Loans transferred to held for sale 0 2,798
Cash paid for interest 5,028 9,114
Cash paid for income taxes, net of refunds 12,225 12,097
Transfers of loans to other real estate owned $ 18 $ 90