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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES $ (26,423) $ 64,636
INVESTING ACTIVITIES    
Net increase in loans held for investment (133,013) (239,643)
Available-for-sale debt securities:    
Proceeds from sales 873,835 0
Proceeds from maturities, prepayments and calls 97,054 64,332
Purchases of securities (685,753) (2,000)
Held-to-maturity debt securities:    
Proceeds from maturities, prepayments and calls 11,051 9,008
Purchases of securities (1,966)  
Purchases of premises and equipment – net (4,326) (2,763)
Net cash received from PFC acquisition 200,357  
Proceeds from bank owned life insurance 2,301  
Net cash provided by (used in) investing activities 359,540 (171,066)
FINANCING ACTIVITIES    
Increase in deposits 287,157 328,173
Proceeds from Federal Home Loan Bank borrowings 900,000 800,000
Repayment of Federal Home Loan Bank borrowings (925,000) (1,050,000)
Decrease in other short-term borrowings (44,269) (32,958)
Principal repayments of finance lease obligations (921) (806)
Dividends paid to common shareholders (24,526) (21,176)
Dividends paid to preferred shareholders (2,532) (2,531)
Issuance of common stock 25  
Treasury shares purchased - net 527 14
Net cash provided by financing activities 190,461 20,716
Net increase (decrease) in cash, cash equivalents and restricted cash 523,578 (85,714)
Cash, cash equivalents and restricted cash at beginning of the period 568,137 595,383
Cash, cash equivalents and restricted cash at end of the period 1,091,715 509,669
SUPPLEMENTAL DISCLOSURES    
Interest paid on deposits and other borrowings 84,573 76,605
Transfers of loans to other real estate owned 0 $ 45
Non-cash transactions related to the PFC acquisition $ 1,007,845