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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 99,100,000 $ 123,891,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 21,185,000 18,383,000
Change In Unamortized Net Loan Costs And Premiums (597,000) (817,000)
Accretion of acquired loans (222,000) (688,000)
Provision for credit losses 9,250,000 12,250,000
Deferred income tax expense 3,832,000 339,000
Equity Securities, FV-NI, Gain (Loss) (502,000) (635,000)
Gain (Loss) on Disposition of Property Plant Equipment 68,000 115,000
Sale and Leaseback Transaction, Gain (Loss), Net 0 193,000
Stock based compensation 3,439,000 3,593,000
Increase in cash surrender value of life insurance policies (3,928,000) (3,803,000)
Gain Realized on Life Insurance Policies (263,000) (187,000)
Operating Lease, Payments (6,819,000) (6,908,000)
Operating lease termination payments (389,000) 0
Change in Fair Value on Loans Held for Sale (183,000) 3,000
Net change in:    
Trading assets 603,000 (589,000)
Loans held for sale (11,299,000) (3,777,000)
Other assets (4,609,000) 15,903,000
Increase (Decrease) in Other Operating Liabilities 8,128,000 (14,650,000)
Total adjustments 17,694,000 18,339,000
Net cash provided by operating activities 116,794,000 142,230,000
Cash flows provided by (used in) investing activities    
Payments to Acquire Equity Securities, FV-NI 341,000 284,000
Proceeds from maturities and principal repayments of securities available for sale 114,843,000 33,346,000
Proceeds from maturities and principal repayments of securities held to maturity 51,473,000 84,000,000
Net redemptions (purchases) of Federal Home Loan Bank stock 10,819,000 (34,270,000)
Investments in low income housing projects (15,393,000) (16,992,000)
Purchases of life insurance policies (99,000) (99,000)
Proceeds from Life Insurance Policy 1,566,000 11,000
Net increase in loans (122,666,000) (233,753,000)
Purchases of bank premises and equipment (8,197,000) (6,646,000)
Proceeds from the sale of bank premises and equipment 32,000 52,000
Net cash provided by (used in) investing activities 32,037,000 (174,635,000)
Cash flows used in financing activities    
Net increase in time deposits 509,883,000 600,435,000
Net increase (decrease) in other deposits 34,086,000 (1,231,431,000)
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net (475,000,000) 787,860,000
Maturities of Subordinated Debt (50,000,000) 0
Proceeds from Stock Options Exercised 0 80,000
Restricted stock awards issued, net of awards surrendered (793,000) (1,116,000)
Proceeds from shares issued under direct stock purchase plan 1,308,000 1,313,000
Payments for shares repurchased under share repurchase program (30,986,000) (119,951,000)
Common dividends paid (47,778,000) (49,454,000)
Net cash used in financing activities (59,280,000) (12,264,000)
Net increase (decrease) in cash and cash equivalents 89,551,000 (44,669,000)
Cash and cash equivalents at beginning of year 224,330,000 352,933,000
Cash and cash equivalents at end of period 313,881,000 308,264,000
Supplemental schedule of noncash investing and financing activities    
Net increase in capital commitments relating to low income housing project investments 29,285,000 15,683,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 2,601,000 $ 3,943,000