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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Interest and dividends received $ 512,693 $ 410,155 $ 400,867
Service charges and other fees received 43,859 37,782 39,525
Interest paid (8,583) (6,010) (13,627)
Net cash paid to vendors, employees and others (185,300) (176,807) (168,036)
Income taxes (88,938) (69,878) (73,633)
Net cash provided by (used in) operating activities 273,731 195,242 185,096
Cash Flows from Investing Activities      
Proceeds from redemption of FHLB stock (4,903)
Net change in interest-earning balances from depository institutions 26,446 17,564 (40,632)
Proceeds from repayment of investment securities available-for-sale 423,040 775,538 642,576
Proceeds from maturity of investment securities available-for-sale 90,172 330 9,807
Purchases of investment securities available-for-sale (1,146,071) (1,648,575) (1,231,163)
Proceeds from repayment and maturity of investment securities held-to-maturity 148,239 152,575 146,309
Purchases of investment securities held-to-maturity (659,039) (1,510,112) (52,855)
Net decrease (increase) in equity investments 1,980 (4,010) (3,608)
Net (increase) decrease in loan and lease finance receivables (400,217) 497,293 (743,290)
Proceeds from sale of building, net of selling costs 8,315 1,157 2,131
Purchase of premises and equipment (5,359) (4,677) (4,672)
Purchase of BOLI 0 (25,000) 0
Proceeds from BOLI death benefit 11,430 12,414 5,477
Proceeds from sales of other real estate owned 0 5,012 1,162
Cash acquired from acquisition, net of cash paid 329,001 0 0
Net cash (used in) investing activities (1,176,966) (1,730,491) (1,268,758)
Cash Flows from Financing Activities      
Net (decrease) increase in other deposits (1,219,107) 1,313,953 3,076,187
Net decrease in time deposits (103,661) (74,012) (44,614)
Net (decrease) increase in other borrowings 992,719 (2,719) 5,000
Net (decrease) increase in customer repurchase agreements (76,957) 202,982 10,747
Repayment of junior subordinated debentures 0 (25,774) 0
Cash dividends on common stock (104,439) (97,733) (98,475)
Repurchase of common stock (46,330) (8,337) (92,772)
Repurchase of common stock, ASR Plan (70,000) 0 0
Proceeds from exercise of stock options 1,923 1,277 231
Net cash (used in) provided by financing activities (625,852) 1,309,637 2,856,304
Net (decrease) increase in cash and cash equivalents (1,529,087) (225,612) 1,772,642
Cash and cash equivalents, beginning of period 1,732,548    
Cash and cash equivalents, beginning of period 1,732,548 1,958,160 185,518
Cash and cash equivalents, end of period 203,461 1,732,548 1,958,160
Cash and cash equivalents, end of period 203,461 1,732,548  
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities      
Net earnings 235,425 212,521 177,159
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Gain on sale of building, net (2,717) (189) (1,680)
Gain on sale of other real estate owned 0 (1,177) (365)
Increase in BOLI (5,356) (8,500) (5,303)
Net amortization of premiums and discounts on investment securities 26,565 32,232 15,045
Accretion of discount for acquired loans, net (7,904) (12,270) (17,412)
Provision for (recapture of) credit loss 10,600 (25,500) 23,500
(Recapture of) provision for unfunded loan commitments 0 (1,000) 0
Valuation allowance on other real estate owned 0 0 700
Stock-based compensation 7,901 5,183 5,529
Depreciation and amortization, net 13,661 (6,426) (1,157)
Change in other assets and liabilities (4,444) 368 (10,920)
Total adjustments 38,306 (17,279) 7,937
Net cash provided by (used in) operating activities 273,731 195,242 185,096
Supplemental Disclosure of Non-cash Investing Activities      
Securities purchased and not settled 0 50,340 60,113
Transfer of loans to other real estate owned 0 443 0
Issuance of common stock for acquisition $ 197,069 $ 0 $ 0