XML 129 R113.htm IDEA: XBRL DOCUMENT v3.20.4
PARENT COMPANY STATEMENTS, Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Sep. 18, 2019
Jul. 12, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:          
Net income     $ 164,676 $ 169,063 $ 168,641
Adjustments to reconcile net income to net cash provided by operating activities          
Net change in other assets and other liabilities     (16,939) 2,545 10,252
Net cash provided by operating activities     179,483 202,502 221,408
Investing activities:          
Cash received /(paid) for acquisition, net of cash acquired of $55,973, $90,381, and $16, respectively $ (500) $ (95,034) 34,360 (4,653) (1,737)
Net cash (used in)/provided by investing activities     (398,720) (157,054) 17,495
Financing activities:          
Issuance of common stock     15,792 6,915 6,443
Purchase of treasury stock     (271) (286) (298)
Sale of treasury stock     85 6,884 12,561
Increase in deferred compensation agreements     271 286 298
Net cash provided by/(used in) financing activities     1,660,012 (52,252) (248,107)
Change in cash and cash equivalents     1,440,775 (6,804) (9,204)
Cash and cash equivalents at beginning of year     205,030 211,834 221,038
Cash and cash equivalents at end of year     1,645,805 205,030 211,834
Supplemental disclosures of cash flow information:          
Cash paid for interest     21,169 25,425 17,926
Supplemental disclosures of noncash financing activities          
Dividends declared and unpaid     22,695 21,342 19,808
Common stock issued for acquisition     76,942 0 0
Cash acquired from acquisition     55,973 90,381 16
Parent Company [Member]          
Operating activities:          
Net income     164,676 169,063 168,641
Adjustments to reconcile net income to net cash provided by operating activities          
Equity in undistributed net income of subsidiaries     (49,789) (27,753) (65,026)
Net change in other assets and other liabilities     1,740 86 (1,084)
Net cash provided by operating activities     116,627 141,396 102,531
Investing activities:          
Proceeds from redemption of investment securities     0 0 776
Purchases of investment securities     (3,000) 0 0
Cash received /(paid) for acquisition, net of cash acquired of $55,973, $90,381, and $16, respectively     (20,892) (92,056) 0
Return of capital from/(capital contributions to)     2 100,680 0
Net cash (used in)/provided by investing activities     (23,890) 8,624 776
Financing activities:          
Repayment of advances from subsidiaries     (482) (1,652) 0
Repayment of borrowings     (12,062) (22,681) (25,207)
Issuance of common stock     22,211 12,200 12,507
Purchase of treasury stock     (271) (286) (298)
Sale of treasury stock     85 6,884 12,561
Increase in deferred compensation agreements     271 286 298
Cash dividends paid     (87,131) (80,241) (71,495)
Net cash provided by/(used in) financing activities     (77,379) (85,490) (71,634)
Change in cash and cash equivalents     15,358 64,530 31,673
Cash and cash equivalents at beginning of year     180,663 116,133 84,460
Cash and cash equivalents at end of year     196,021 180,663 116,133
Supplemental disclosures of cash flow information:          
Cash paid for interest     2,555 4,306 4,857
Supplemental disclosures of noncash financing activities          
Dividends declared and unpaid     22,695 21,342 19,808
Advances from subsidiaries     932 1,691 0
Common stock issued for acquisition     76,942 0 0
Cash acquired from acquisition     $ 448 $ 1,328 $ 0