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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 $ 77,840 $ 71,450
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 4,494 4,555
Provision for credit losses 417 1,077
Gain on sale and write down of other real estate owned 0 (53)
Amortization of loan servicing rights 583 1,697
Net change in loan servicing rights valuation allowance (708) (197)
Loans originated for sale, including participations (27,273) (92,728)
Net gain on sales of loans (958) (3,609)
Proceeds from sale of loans, including participations 34,299 98,655
Net loss on sales of premises and equipment 3 4
Net gain on sales and calls of securities available-for-sale 0 (797)
Net securities amortization 4,817 3,457
Stock based compensation expense 6,713 6,135
Losses (earnings) on life insurance 212 (2,101)
Gain on life insurance 0 (404)
Tax benefit of stock award issuances (514) (266)
Net change:    
Interest receivable and other assets (2,782) (2,090)
Interest payable and other liabilities 37,707 1,081
Total adjustments 57,010 14,416
Net cash from operating activities 134,850 85,866
Cash flows from investing activities:    
Proceeds from sale of securities available-for-sale 0 13,964
Proceeds from maturities, calls and principal paydowns of securities available-for-sale 86,001 102,399
Proceeds from maturities, calls and principal paydowns of securities held-to-maturity 5 0
Purchases of securities available-for-sale (313,905) (640,364)
Purchase of life insurance (727) (648)
Net (increase) decrease in total loans (202,945) 410,323
Proceeds from sales of land, premises and equipment 4 6
Purchases of land, premises and equipment (3,678) (5,265)
Proceeds from redemption of Federal Home Loan Bank stock 932 0
Proceeds from sales of other real estate 0 946
Proceeds from life insurance 0 931
Net cash from investing activities (434,313) (117,708)
Cash flows from financing activities:    
Net increase (decrease) in total deposits (71,274) 377,833
Net increase (decrease) in short-term borrowings 0 (10,500)
Payments on long-term FHLB borrowings (75,000) 0
Common dividends paid (30,624) (25,973)
Preferred dividends paid (13) (13)
Payments related to equity incentive plans (1,780) (1,818)
Purchase of treasury stock (505) (496)
Sale of treasury stock 221 115
Net cash from financing activities (178,975) 339,148
Net change in cash and cash equivalents (478,438) 307,306
Cash and cash equivalents at beginning of the period 683,240 249,927
Cash and cash equivalents at end of the period 204,802 557,233
Cash paid during the period for:    
Interest 18,583 14,859
Income taxes 13,780 20,637
Supplemental non-cash disclosures:    
Loans transferred to other real estate owned 0 893
Securities purchases payable 0 4,982
Right-of-use assets obtained in exchange for lease liabilities $ 1,612 $ 0