XML 122 R107.htm IDEA: XBRL DOCUMENT v3.22.4
PARENT COMPANY STATEMENTS - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 188,081 $ 189,694 $ 164,676
Adjustments to reconcile net income to net cash provided by operating activities      
Net change in other assets and other liabilities (6,231) 2,064 (16,939)
Net cash provided by operating activities 214,600 202,546 179,483
Investing activities:      
Cash paid for acquisitions, net of cash acquired of $0, $0, and $448, respectively (668) (29,329) 34,360
Net cash used in investing activities (2,138,985) (1,530,775) (398,720)
Financing activities:      
Issuance of common stock 1,184 9,821 15,792
Purchase of treasury stock (16,614) (5,106) (271)
Sale of treasury stock 0 0 85
Increase in deferred compensation agreements 236 252 271
Net cash provided by financing activities 259,217 1,557,488 1,660,012
Change in cash and cash equivalents (1,665,168) 229,259 1,440,775
Cash and cash equivalents at beginning of year 1,875,064 1,645,805 205,030
Cash and cash equivalents at end of year 209,896 1,875,064 1,645,805
Supplemental disclosures of cash flow information:      
Cash paid for interest 23,402 13,752 21,169
Supplemental disclosures of noncash financing activities:      
Dividends declared and unpaid 23,762 23,235 22,695
Common stock issued for acquisition 0 0 76,942
Parent company      
Operating activities:      
Net income 188,081 189,694 164,676
Adjustments to reconcile net income to net cash provided by operating activities      
Equity in undistributed net income of subsidiaries (83,041) (52,648) (49,789)
Net change in other assets and other liabilities 2,155 (3,050) 1,740
Net cash provided by operating activities 107,195 133,996 116,627
Investing activities:      
Purchases of investment securities (175) (5,173) (3,000)
Cash paid for acquisitions, net of cash acquired of $0, $0, and $448, respectively 0 0 (20,892)
(Capital contributions to)/Return of capital from 0 (12,918) 2
Net cash used in investing activities (175) (18,091) (23,890)
Financing activities:      
Repayment of advances from subsidiaries (506) (482) (482)
Repayment of borrowings 0 (77,320) (12,062)
Issuance of common stock 8,922 16,155 22,211
Purchase of treasury stock (16,614) (5,106) (271)
Sale of treasury stock 0 0 85
Increase in deferred compensation agreements 236 252 271
Cash dividends paid (93,387) (91,051) (87,131)
Net cash provided by financing activities (101,349) (157,552) (77,379)
Change in cash and cash equivalents 5,671 (41,647) 15,358
Cash and cash equivalents at beginning of year 154,374 196,021 180,663
Cash and cash equivalents at end of year 160,045 154,374 196,021
Supplemental disclosures of cash flow information:      
Cash paid for interest 180 560 2,555
Supplemental disclosures of noncash financing activities:      
Dividends declared and unpaid 23,763 23,235 22,695
Advances from subsidiaries 506 482 932
Common stock issued for acquisition $ 0 $ 0 $ 76,942