XML 29 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 129,787,000 $ 142,047,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 32,256,000 31,500,000
Change In Unamortized Net Loan Costs And Premiums (1,194,000) (1,070,000)
Accretion of acquired loans (5,255,000) (393,000)
Provision for Loan and Lease Losses 60,719,000 28,750,000
Deferred income tax (benefit) expense (102,000) 5,102,000
Equity Securities, FV-NI, Gain (Loss) (549,000) (1,187,000)
Gain (Loss) on Investments 64,000 0
Gain (Loss) on Disposition of Property Plant Equipment 92,000 68,000
Stock based compensation 7,091,000 4,953,000
Increase in cash surrender value of life insurance policies (6,732,000) (5,934,000)
Gain Realized on Life Insurance Policies (1,650,000) (263,000)
Operating Lease, Payments (11,364,000) (10,603,000)
Change in Fair Value on Loans Held for Sale (171,000) (167,000)
Net change in:    
Trading assets (366,000) 577,000
Loans held for sale (9,360,000) (9,724,000)
Other assets 44,973,000 31,942,000
Increase (Decrease) in Other Operating Liabilities (66,014,000) (28,567,000)
Total adjustments 42,438,000 44,984,000
Net cash provided by operating activities 172,225,000 187,031,000
Cash flows provided by investing activities    
Payments to Acquire Equity Securities, FV-NI 507,000 498,000
Proceeds from Sale of Debt Securities, Available-for-sale 74,303,000 0
Proceeds from maturities and principal repayments of securities available for sale 201,912,000 172,701,000
Payments to Acquire Debt Securities, Available-for-Sale (326,228,000) (47,776,000)
Proceeds from maturities and principal repayments of securities held to maturity 81,306,000 79,843,000
Net decrease in Federal Home Loan Bank stock (16,621,000) (13,631,000)
Investments in low income housing projects (26,293,000) (22,245,000)
Purchases of life insurance policies (71,000) (114,000)
Proceeds from Life Insurance Policy 3,951,000 1,566,000
Net increase in loans (76,101,000) (88,550,000)
Cash Acquired in Excess of Payments to Acquire Business 97,760,000 0
Purchases of bank premises and equipment (8,730,000) (14,052,000)
Proceeds from the sale of bank premises and equipment 0 32,000
Net cash provided by investing activities 37,923,000 94,538,000
Cash flows provided by (used in) financing activities    
Net (decrease) increase in time deposits (67,360,000) 581,845,000
Net increase (decrease) in other deposits 694,496,000 (6,464,000)
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net (284,711,000) (505,000,000)
Proceeds from Issuance of Subordinated Long-term Debt 295,843,000 0
Maturities of Subordinated Debt (60,000,000) (50,000,000)
Restricted stock awards issued, net of awards surrendered (1,442,000) (813,000)
Proceeds from shares issued under direct stock purchase plan 1,804,000 1,957,000
Payments for shares repurchased under share repurchase program (23,356,000) (30,986,000)
Common dividends paid (74,516,000) (71,986,000)
Net cash provided by (used in) financing activities 480,758,000 (81,447,000)
Net increase in cash and cash equivalents 690,906,000 200,122,000
Cash and cash equivalents at beginning of year 219,890,000 224,330,000
Cash and cash equivalents at end of period 910,796,000 424,452,000
Real Estate Owned, Transfer to Real Estate Owned 2,100,000 0
Supplemental schedule of non-cash investing and financing activities    
Net increase in capital commitments relating to low income housing project investments 30,603,000 29,282,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 18,831,000 5,620,000
Stock Issued During Period, Value, Acquisitions 477,266,000 0
Business Combination, Recognized Asset Acquired, Asset 4,930,778,000 0
Business Combination, Recognized Liability Assumed, Liability $ 4,551,272,000 $ 0