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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 87,161 $ 79,634
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,967 23,211
Provision for credit losses 38,742 21,305
Net amortization of investment securities and assets 8,207 8,907
Net amortization on borrowings 76 76
Stock-based compensation expense 8,612 7,537
Gain on sale of closed branches (245) 0
(Gain) loss on sale of foreclosed assets and other real estate owned (214) 186
Gain on sale of mortgage loans held for sale (3,856) (4,191)
Loss on sale of loans 22 234
Deferred income taxes (2,745) (1,238)
Income from bank owned life insurance (7,989) (8,041)
Originations of mortgage loans held for sale (133,193) (137,839)
Proceeds from sale of mortgage loans held for sale 131,494 138,350
Changes in assets and liabilities:    
Interest receivable 2,800 (4,195)
Other assets (18,601) (13,082)
Accrued interest and other liabilities (10,072) 41,335
Income taxes payable (10,727) (8,535)
Net cash provided by operating activities 110,439 143,654
INVESTING ACTIVITIES    
Net change in loans (146,363) (361,615)
Proceeds from sale of loans 18,814 389
Proceeds from sale of closed branches 15,202 0
Purchases of premises and equipment, net (21,486) (23,236)
Proceeds from sale of foreclosed assets and other real estate owned 5,181 2,448
Proceeds from maturities of available-for-sale securities 218,417 257,204
Purchases of available-for-sale securities (55,553) 0
Proceeds from maturities of held-to-maturity securities 41,152 36,851
Purchases of bank owned life insurance (15,697) 0
Surrender of bank owned life insurance 19,403 2,201
Proceeds from bank owned life insurance death benefits 607 1,376
Net cash provided by (used in) investing activities 79,677 (84,382)
FINANCING ACTIVITIES    
Net change in deposits (60,760) (404,095)
Proceeds from issuance of other borrowed funds 1,480,000 1,800,000
Repayments of other borrowed funds (1,591,023) (1,425,988)
Dividends paid on common stock (53,532) (52,689)
Net change in federal funds purchased and securities sold under agreements to repurchase (5,803) (15,264)
Net shares cancelled under stock compensation plans (2,749) (1,965)
Shares issued under employee stock purchase plan 836 970
Net cash used in financing activities (233,031) (99,031)
DECREASE IN CASH AND CASH EQUIVALENTS (42,915) (39,759)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 687,377 614,092
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 644,462 $ 574,333