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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 123,478 $ 107,172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,177 7,083
Provision for credit losses (22,527) (4,911)
Gain on other real estate and foreclosed assets (3,014) (253)
Loss on sale of securities 87  
Deferred tax expense 10,099 2,300
Increase in cash surrender value of life insurance contracts (634) (9,400)
Net decrease in loans held for sale 27,250 8,031
Net amortization of securities premium/discount 11,356 13,211
Amortization of intangible assets 3,748 4,419
Stock-based compensation expense 5,292 5,517
Net change in liability from variation margin collateral 15,828 56,744
Increase (decrease) in interest payable and other liabilities 18,512 (23,472)
Decrease in other assets 91,643 98,052
Other, net (7,761) (9,453)
Net cash provided by operating activities 280,534 255,040
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities 73,219  
Proceeds from maturities of securities available for sale 167,949 311,232
Purchases of securities available for sale (228,454) (1,164,798)
Proceeds from maturities of securities held to maturity 28,125 37,830
Purchases of securities held to maturity (391,761) (59,362)
Net decrease in short-term borrowings 697,625 (1,005,325)
Proceeds from sales of loans and leases 18,890 7,373
Net (increase) decrease in loans (227,948) 101,924
Purchase of life insurance contracts (60,000) (45,000)
Proceeds from the surrender of life insurance contracts   44,045
Purchases of property and equipment (11,353) (4,269)
Proceeds from sales of other real estate 6,227 4,191
Other, net 3,002 5,809
Net cash provided by (used in) investing activities 75,521 (1,766,350)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 33,812 1,512,643
Net decrease in short-term borrowings (44,759) (14,766)
Proceeds from the issuance of long-term debt   22,388
Repayments of long-term debt (79) (3,209)
Dividends paid (23,804) (24,021)
Payroll tax remitted on net share settlement of equity awards (1,396) (494)
Proceeds from exercise of stock options   132
Proceeds from dividend reinvestment and stock purchase plans 881 1,004
Repurchase of shares (18,490)  
Net cash provided by (used in) financing activities (53,835) 1,493,677
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 302,220 (17,633)
CASH AND DUE FROM BANKS, BEGINNING 401,201 526,306
CASH AND DUE FROM BANKS, ENDING 703,421 508,673
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 118 $ 1,799