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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 152,693 $ 175,057 $ 256,412
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 46,116 47,877 48,962
Provision for credit losses 46,785 42,028 14,074
Loss on sale of investments 28,393 20,609 278
Net amortization (accretion) of investment securities and assets 16,605 14,982 (39,031)
Net amortization on borrowings 152 152 313
Stock-based compensation expense 11,290 12,189 15,317
Gain on sale of foreclosed assets and other real estate owned (928) (182) (390)
Gain on sale of mortgage loans held for sale (8,302) (7,981) (16,699)
Loss (gain) on sale of loans 234 0 (282)
Deferred income taxes (3,233) (2,460) 14,933
Income from bank owned life insurance (15,578) (12,905) (11,164)
Loss from early retirement of TruPS 0 0 365
Originations of mortgage loans held for sale (277,450) (262,901) (497,815)
Proceeds from sale of mortgage loans held for sale 283,708 264,995 547,384
Changes in assets and liabilities:      
Interest receivable (813) (19,538) (22,107)
Other assets 101,288 263,969 (7,214)
Accrued interest and other liabilities 53,195 (3,908) 10,417
Income taxes payable (8,231) 8,996 8,445
Net cash provided by operating activities 425,924 540,979 322,198
INVESTING ACTIVITIES      
Net change in loans (214,188) (786,775) (1,900,325)
Proceeds from sale of loans 13,044 69,760 73,746
Decrease in due from banks - time 0 695 1,087
Purchases of premises and equipment, net (45,509) (33,086) (35,268)
Proceeds from sale of foreclosed assets and other real estate owned 5,428 2,071 4,754
Proceeds from sale of available-for-sale securities 251,517 247,948 0
Proceeds from maturities of available-for-sale securities 300,466 302,802 1,137,923
Purchases of available-for-sale securities (7,071) (7,518) (261,375)
Proceeds from maturities of held-to-maturity securities 81,488 85,192 86,229
Purchases of held-to-maturity securities 0 (68,368) (331,273)
Proceeds from bank owned life insurance death benefits 1,376 3,686 1,873
Purchases of bank owned life insurance (24,528) 0 0
Surrender of bank owned life insurance 7,484 0 0
Cash received in business combinations, net 0 0 276,396
Net cash provided by (used in) investing activities 369,507 (183,593) (946,233)
FINANCING ACTIVITIES      
Net change in deposits (359,228) (302,747) 462,530
Proceeds from issuance of other borrowed funds 3,375,000 3,725,000 1,160,000
Repayments of other borrowed funds (3,601,994) (3,611,930) (1,676,726)
Repayments of subordinated debentures 0 0 (56,189)
Dividends paid on common stock (105,439) (100,962) (94,096)
Net change in federal funds purchased and securities sold under agreements to repurchase (30,860) (92,434) (25,000)
Net shares cancelled under stock compensation plans (595) (2,854) (5,033)
Shares issued under employee stock purchase plan 970 833 1,151
Repurchase of common stock 0 (40,322) (111,133)
Net cash used in financing activities (722,146) (425,416) (344,496)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 73,285 (68,030) (968,531)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 614,092 682,122 1,650,653
CASH AND CASH EQUIVALENTS, END OF YEAR $ 687,377 $ 614,092 $ 682,122