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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 123,891,000 $ 114,873,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 18,383,000 19,957,000
Change In Unamortized Net Loan Costs And Premiums (817,000) (5,662,000)
Accretion of acquired loans (688,000) 578,000
Provision for (release of) credit losses 12,250,000 (2,000,000)
Deferred income tax expense 339,000 503,000
Equity Securities, FV-NI, Gain (Loss) (635,000) 2,077,000
Gain (Loss) on Disposition of Property Plant Equipment 115,000 426,000
Sale and Leaseback Transaction, Gain (Loss), Net 193,000 289,000
Stock based compensation 3,593,000 2,466,000
Increase in cash surrender value of life insurance policies (3,803,000) (3,666,000)
Gain Realized on Life Insurance Policies (187,000) (123,000)
Operating Lease, Payments (6,908,000) (12,437,000)
Change in Fair Value on Loans Held for Sale 3,000 426,000
Net change in:    
Trading assets (589,000) 83,000
Loans held for sale (3,777,000) 21,895,000
Other assets 15,903,000 38,380,000
Increase (Decrease) in Other Operating Liabilities (14,650,000) (5,049,000)
Total adjustments 18,339,000 57,565,000
Net cash provided by operating activities 142,230,000 172,438,000
Cash flows used in investing activities    
Payments to Acquire Equity Securities, FV-NI 284,000 323,000
Proceeds from maturities and principal repayments of securities available for sale 33,346,000 79,842,000
Payments to Acquire Debt Securities, Available-for-sale 0 (123,289,000)
Proceeds from maturities and principal repayments of securities held to maturity 84,000,000 96,825,000
Purchases of securities held to maturity 0 (438,643,000)
Net (purchases) redemptions of Federal Home Loan Bank stock (34,270,000) 5,158,000
Investments in low income housing projects (16,992,000) (13,733,000)
Purchases of life insurance policies (99,000) (101,000)
Proceeds from Life Insurance Policy 11,000 218,000
Net increase in loans (233,753,000) (83,997,000)
Purchases of bank premises and equipment (6,646,000) (16,153,000)
Proceeds from the sale of bank premises and equipment 52,000 0
Net cash used in investing activities (174,635,000) (494,196,000)
Cash flows used in financing activities    
Net increase (decrease) in time deposits 600,435,000 (219,533,000)
Net decrease in other deposits (1,231,431,000) (56,949,000)
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net 787,860,000 0
Repayments of Debt 0 (14,063,000)
Proceeds from Stock Options Exercised 80,000 0
Restricted stock awards issued, net of awards surrendered (1,116,000) (1,085,000)
Proceeds from shares issued under direct stock purchase plan 1,313,000 1,159,000
Payments for shares repurchased under share repurchase program (119,951,000) (105,298,000)
Common dividends paid (49,454,000) (46,890,000)
Net cash used in financing activities (12,264,000) (442,659,000)
Net decrease in cash and cash equivalents (44,669,000) (764,417,000)
Cash and cash equivalents at beginning of year 352,933,000 2,240,684,000
Cash and cash equivalents at end of period 308,264,000 1,476,267,000
Supplemental schedule of noncash investing and financing activities    
Net increase in capital commitments relating to low income housing project investments 15,683,000 4,472,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 3,943,000 $ 8,811,000