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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 119,504 $ 108,612
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,792 8,176
Provision for credit losses 10,462 12,968
Gain on other real estate and foreclosed assets (446) (364)
Deferred tax expense (benefit) 13,364 (2,314)
Increase cash surrender value of life insurance contracts (4,119) (8,851)
(Gain) loss on disposal of assets 34 (1,430)
Net (increase) decrease in loans held for sale (4,703) 9,633
Net amortization of securities premium/discount 3,405 3,421
Amortization of intangible assets 2,113 2,526
Stock-based compensation expense 5,921 5,691
Net change in derivative collateral liability (15,482) 10,297
Net decrease in interest payable and other liabilities (39,021) (21,324)
Net decrease in other assets 4,164 40,643
Other, net 1,194 (1,013)
Net cash provided by operating activities 104,182 166,671
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of securities available for sale 92,303 82,667
Purchases of securities available for sale (155,951) (121,652)
Proceeds from maturities of securities held to maturity 72,797 28,414
Net decrease in short-term investments 98,257 188,063
Net redemption of Federal Home Loan Bank stock 2,194 0
Proceeds from sales of loans and leases 30,245 28,508
Net (increase) decrease in loans 159,669 (86,295)
Purchases of property and equipment (3,951) (2,273)
Proceeds from sales of other real estate and foreclosed assets 1,362 1,753
Other, net (5,679) 618
Net cash provided by investing activities 291,246 119,803
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (298,118) 85,847
Net decrease in short-term borrowings (96,235) (487,069)
Dividends paid (39,582) (26,514)
Payroll tax remitted on net share settlement of equity awards (6,392) (6,557)
Proceeds from dividend reinvestment and stock purchase plans 1,083 897
Repurchase of common stock (20,747) 0
Net cash used in financing activities (459,991) (433,396)
NET DECREASE IN CASH AND DUE FROM BANKS (64,563) (146,922)
CASH AND DUE FROM BANKS, BEGINNING 574,910 561,202
CASH AND DUE FROM BANKS, ENDING 510,347 414,280
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 2,319 $ 591