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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Interest and dividends received $ 297,842 $ 236,887
Service charges and other fees received 22,551 22,642
Interest paid (41,600) (2,373)
Net cash paid to vendors, employees and others (116,630) (95,770)
Income taxes (60) (32,998)
Net cash provided by operating activities 162,103 128,388
Cash Flows from Investing Activities    
(Purchases) proceeds from redemption of FHLB stock, net (1,857) 4,712
Net change in interest-earning balances from depository institutions (20,925) 28,617
Proceeds from repayment of investment securities available-for-sale 186,106 282,175
Proceeds from maturity of investment securities available-for-sale 3 1,226
Purchases of investment securities available-for-sale 0 (1,092,577)
Proceeds from repayment and maturity of investment securities held-to-maturity 45,833 213,907
Purchases of investment securities held-to-maturity (2,026) (532,474)
Increase (increase) decrease in equity investments (775) 511
Net decrease (increase) in loan and lease finance receivables 176,027 (20,423)
Proceeds from sale of building, net of selling costs 0 8,315
Purchase of premises and equipment (2,349) (2,307)
Proceeds from BOLI death benefit 1,466 3,096
Cash acquired from acquisition, net of cash paid 0 329,001
Net cash provided by (used) in investing activities 381,502 (776,221)
Cash Flows from Financing Activities    
Net decrease in other deposits (460,134) (38,815)
Net increase (decrease) in time deposits 21,410 (47,979)
Net increase (decrease) in other borrowings 500,000 (2,281)
Net decrease in customer repurchase agreements (113,058) (139,559)
Cash dividends on common stock (55,951) (49,873)
Repurchase of common stock (21,051) (40,464)
Repurchase of common stock, ASR Plan 0 (70,000)
Proceeds from exercise of stock options 73 965
Net cash used in financing activities (128,711) (388,006)
Net increase (decrease) in cash and cash equivalents 414,894 (1,035,839)
Cash and cash equivalents, beginning of period 203,461 1,732,548
Cash and cash equivalents, end of period 618,355 696,709
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 115,040 104,618
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of building, net 0 (2,717)
Increase in BOLI (3,286) (1,952)
Net amortization of premiums and discounts on investment securities 9,376 15,353
Accretion of discount for acquired loans, net (2,035) (3,693)
Provision for credit losses 2,000 6,100
Provision For Unfunded Loan Commitments 900 0
Stock-based compensation 4,662 3,577
Depreciation and amortization, net 8,335 5,749
Change in other assets and liabilities 27,111 1,353
Total adjustments 47,063 23,770
Net cash provided by operating activities 162,103 128,388
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled 0 80,230
Issuance of common stock for acquisition $ 0 $ 197,069