XML 14 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 56,112 $ 50,334
Adjustments to reconcile to net cash provided by operating activities:    
Provision for credit losses 1,586 4,015
Depreciation and amortization 5,694 5,442
Net amortization of securities premiums and discounts (55) (306)
Realized securities losses 333 267
Gain on sales of loans (636) (491)
Cash receipts from the sale of loans originated for sale 37,201 28,773
Cash disbursements for loans originated for sale (36,775) (30,789)
Deferred income tax benefit (1,256) (822)
Gain on sale of other assets (183) (122)
Increase in interest receivable (729) (2,517)
(Decrease)/increase in interest payable (322) 3,374
Amortization of stock-based compensation arrangements 790 715
Excess tax benefit from stock-based compensation arrangements (456) (470)
Other, net 15,647 8,921
Net cash provided by operating activities 76,951 66,324
INVESTING ACTIVITIES    
Net decrease in federal funds sold 195 107
Proceeds from maturities, calls and paydowns of held for investment debt securities 60 61
Proceeds from maturities, calls and paydowns of available for sale debt securities 56,284 17,657
Purchase of equity securities (256) (366)
Proceeds from paydowns and sales of equity securities 52 42
Net change in loans (71,778) (130,801)
Net (payments)/receipts on derivative asset contracts (12,284) (19,595)
Purchases of premises, equipment and computer software (11,310) (10,251)
Purchase of tax credits (12,946) (429)
Other, net 1,616 2,346
Net cash used in investing activities (50,367) (141,229)
FINANCING ACTIVITIES    
Net change in deposits 408,204 209,499
Net change in short-term borrowings 0 6,348
Issuance of common stock in connection with stock options, net 891 851
Cash dividends paid (15,279) (14,161)
Net cash provided by financing activities 393,816 202,537
Net increase in cash, due from banks and interest-bearing deposits 420,400 127,632
Cash, due from banks and interest-bearing deposits at the beginning of the period 3,553,772 2,397,463
Cash, due from banks and interest-bearing deposits at the end of the period 3,974,172 2,525,095
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 66,849 62,164
Cash paid during the period for income taxes 1,981 249
Noncash investing and financing activities:    
Unpaid common stock dividends declared $ 15,291 $ 14,175