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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net Income $ 36,391 $ 46,842
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Provision for Credit Losses 2,000 2,000
Depreciation and Amortization 5,230 5,885
Amortization of Deferred Loan and Lease (Fees) Costs, Net 48 323
Amortization and Accretion of Premiums/Discounts on Investment Securities, Net 3,071 3,390
Amortization of Operating Lease Right-of-Use Assets 3,019 2,908
Share-Based Compensation 4,030 3,371
Benefit Plan Contributions (571) (419)
Deferred Income Taxes 2,468 5,708
Net Gains on Sales of Loans and Leases (537) (676)
Net Losses on Sales of Investment Securities 1,497 1,792
Proceeds from Sales of Loans Held for Sale 11,836 7,299
Originations of Loans Held for Sale (10,800) (8,384)
Net Tax Benefits (Deficiency) from Share-Based Compensation (844) (418)
Net Change in Other Assets and Other Liabilities (3) (100,580)
Net Cash Provided by (Used in) Operating Activities 56,835 (30,959)
Investment Securities Available-for-Sale:    
Proceeds from Prepayments and Maturities 49,482 59,837
Purchases (706)  
Investment Securities Held-to-Maturity:    
Proceeds from Prepayments and Maturities 88,021 105,876
Net Change in Loans and Leases 110,211 (180,606)
Purchases of Premises and Equipment (2,860) (2,240)
Net Cash Provided by (Used in) Investing Activities 244,148 (17,133)
Financing Activities    
Net Change in Deposits (378,458) (124,396)
Net Change in Short-Term Borrowings   325,000
Proceeds from Long-Term Debt   100,000
Repayments of Long-Term Debt (27) (25)
Proceeds from Issuance of Common Stock 1,424 1,437
Repurchase of Common Stock (3,320) (13,793)
Cash Dividends Paid on Common Stock (28,056) (27,944)
Cash Dividends Paid on Preferred Stock (1,969) (1,969)
Net Cash (Used in) Provided by Financing Activities (410,406) 258,310
Net Change in Cash and Cash Equivalents (109,423) 210,218
Cash and Cash Equivalents at Beginning of Period 1,000,944 401,767
Cash and Cash Equivalents at End of Period 891,521 611,985
Supplemental Information    
Cash Paid for Interest 100,360 49,014
Cash Paid for Income Taxes 2,486 $ 92
Transfer from Loans to Foreclosed Real Estate $ 574