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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 142,047,000 $ 184,699,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 31,500,000 27,575,000
Change In Unamortized Net Loan Costs And Premiums (1,070,000) (1,199,000)
Accretion of acquired loans (393,000) (1,057,000)
Provision for credit losses 28,750,000 17,750,000
Deferred income tax expense 5,102,000 13,000
Equity Securities, FV-NI, Gain (Loss) (1,187,000) (272,000)
Gain (Loss) on Disposition of Property Plant Equipment 68,000 304,000
Sale and Leaseback Transaction, Gain (Loss), Net 0 193,000
Stock based compensation 4,953,000 4,721,000
Increase in cash surrender value of life insurance policies (5,934,000) (5,786,000)
Gain Realized on Life Insurance Policies (263,000) (2,111,000)
Operating Lease, Payments (10,214,000) (10,381,000)
Operating lease termination payments (389,000) 0
Change in Fair Value on Loans Held for Sale (167,000) 31,000
Net change in:    
Trading assets 577,000 (588,000)
Loans held for sale (9,724,000) (1,226,000)
Other assets 31,942,000 (2,317,000)
Increase (Decrease) in Other Operating Liabilities (28,567,000) 13,526,000
Total adjustments 44,984,000 38,790,000
Net cash provided by operating activities 187,031,000 223,489,000
Cash flows provided by (used in) investing activities    
Payments to Acquire Equity Securities, FV-NI 498,000 440,000
Proceeds from maturities and principal repayments of securities available for sale 172,701,000 42,087,000
Payments to Acquire Debt Securities, Available-for-Sale (47,776,000) 0
Proceeds from maturities and principal repayments of securities held to maturity 79,843,000 114,698,000
Net redemptions (purchases) of Federal Home Loan Bank stock (13,631,000) 38,660,000
Investments in low income housing projects (22,245,000) (20,086,000)
Purchases of life insurance policies (114,000) (114,000)
Proceeds from Life Insurance Policy 1,566,000 3,934,000
Net increase in loans (88,550,000) (322,904,000)
Purchases of bank premises and equipment (14,052,000) (9,541,000)
Proceeds from the sale of bank premises and equipment 32,000 104,000
Net cash provided by (used in) investing activities 94,538,000 (230,922,000)
Cash flows used in financing activities    
Net increase in time deposits 581,845,000 816,896,000
Net decrease in other deposits (6,464,000) (1,636,503,000)
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net (505,000,000) 887,000,000
Maturities of Subordinated Debt (50,000,000) 0
Proceeds from Stock Options Exercised 0 80,000
Restricted stock awards issued, net of awards surrendered (813,000) (1,143,000)
Proceeds from shares issued under direct stock purchase plan 1,957,000 1,977,000
Payments for shares repurchased under share repurchase program (30,986,000) (119,951,000)
Common dividends paid (71,986,000) (73,728,000)
Net cash used in financing activities (81,447,000) (125,372,000)
Net increase (decrease) in cash and cash equivalents 200,122,000 (132,805,000)
Cash and cash equivalents at beginning of year 224,330,000 352,933,000
Cash and cash equivalents at end of period 424,452,000 220,128,000
Supplemental schedule of noncash investing and financing activities    
Net increase in capital commitments relating to low income housing project investments 29,282,000 15,718,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 5,620,000 $ 5,747,000