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Consolidated Statements of Cash Flow - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ 212,465,000 $ 193,100,000 $ 167,630,000
Adjustments to reconcile to net cash provided by operating activities:      
Provision for/(benefit from) credit losses 7,458,000 10,076,000 (8,690,000)
Depreciation and amortization 22,189,000 22,048,000 20,041,000
Net amortization of securities premiums and discounts (1,269,000) 2,619,000 4,409,000
Realized securities losses (gains) 1,828,000 1,833,000 (1,047,000)
Gain on sales of loans (2,607,000) (4,548,000) (7,282,000)
Cash receipts from the sale of loans originated for sale 149,825,000 246,499,000 369,301,000
Cash disbursements for loans originated for sale (144,476,000) (223,407,000) (354,674,000)
Deferred income tax (benefit) provision (2,787,000) 322,000 7,044,000
Gain on sale of other real estate owned and other assets (2,330,000) (4,682,000) (3,379,000)
(Increase)/decrease in interest receivable (9,876,000) (16,914,000) 4,214,000
Increase/(decrease) in interest payable 7,719,000 3,192,000 (617,000)
Stock-based compensation arrangements 2,999,000 1,941,000 2,133,000
Excess tax benefit from stock-based compensation arrangements (899,000) (3,325,000) (1,932,000)
Other, net (7,194,000) (2,482,000) 6,783,000
Net cash provided by operating activities 233,045,000 226,272,000 203,934,000
INVESTING ACTIVITIES      
Net cash received from acquisitions, net of cash paid 8,045,000 121,099,000 12,599,000
Net cash paid from sale of assets and liabilities, net of cash received     (13,733,000)
Net decrease in federal funds sold 1,534,000 563,000 14,200,000
Purchases of held for investment debt securities     (845,000)
Purchases of available for sale debt securities (454,019,000) (1,881,784,000) (462,304,000)
Proceeds from maturities, calls and paydowns of held for investment debt securities 1,351,000 74,000 831,000
Proceeds from maturities, calls and paydowns of available for sale debt securities 467,601,000 550,018,000 506,737,000
Proceeds from sales of available for sale debt securities 0 222,474,000 0
Purchase of equity securities (310,000) (4,309,000) (904,000)
Proceeds from paydowns and sales of equity securities 850,000 1,620,000 1,459,000
Net change in loans (719,287,000) (521,220,000) 404,393,000
Net receipts (payments) on derivative asset contracts 21,192,000 7,294,000 (14,146,000)
Purchases of premises, equipment and computer software (22,504,000) (19,785,000) (27,251,000)
Purchase of tax credits (7,635,000) (9,706,000) (7,456,000)
Other, net 33,477,000 14,494,000 9,305,000
Net cash (used in) provided by investing activities (669,705,000) (1,519,168,000) 422,885,000
FINANCING ACTIVITIES      
Net change in deposits (284,919,000) 2,452,297,000 (191,737,000)
Net change in short-term borrowings 3,051,000 300,000 (1,100,000)
Issuance of common stock in connection with stock options, net 2,543,000 7,649,000 2,260,000
Common stock acquired (1,820,000)   (11,663,000)
Proceeds from issuance of subordinated notes, net of debt issuance costs     59,150,000
Net cash settlement of options     (5,479,000)
Cash dividends paid (53,642,000) (48,462,000) (45,140,000)
Net cash (used in) provided by financing activities (334,787,000) 2,411,784,000 (193,709,000)
Net (decrease)/increase in cash, due from banks and interest-bearing deposits (771,447,000) 1,118,888,000 433,110,000
Cash, due from banks and interest-bearing deposits at the beginning of the period 3,168,910,000 2,050,022,000 1,616,912,000
Cash, due from banks and interest-bearing deposits at the end of the period 2,397,463,000 3,168,910,000 2,050,022,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 191,760,000 42,930,000 11,993,000
Cash paid during the period for income taxes 52,398,000 34,640,000 30,600,000
Noncash investing and financing activities:      
Cash (received)/paid consideration for acquisitions (7,833,000) 77,685,000 21,000,000
Fair value of assets acquired in acquisitions 2,981,000 511,595,000 283,711,000
Liabilities assumed in acquisitions 10,814,000 433,911,000 257,915,000
Unpaid common stock dividends declared $ 14,161,000 $ 13,150,000 $ 11,737,000