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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net Income (Loss) $ 166,261 $ 166,697
Adjustments to reconcile net income to net cash provided by operating activities:    
PCL 11,655 33,793
Depreciation and amortization 28,232 28,405
Net (accretion) amortization of securities (18,233) (4,684)
Securities (gains) losses, net 0 182,792
Gains on sales of loans, net (15,080) (14,808)
Gain on disposition of business 0 (228,272)
Compensation expense, long-term incentive plan 4,951 4,946
Deferred income tax provision (582) 21,500
Proceeds from sales of loans held for sale 872,013 858,895
Purchases and originations of loans held for sale (878,989) (864,682)
Originations of mortgage servicing rights (10,853) (9,419)
Earnings on bank-owned life insurance (5,722) (2,640)
Net change in other assets 28,093 (21,824)
Net change in other liabilities (4,014) (113,944)
Other operating activities, net 8,535 (19,089)
Net cash from operating activities 186,267 17,666
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 77,479 89,686
Proceeds from maturities, prepayments and calls of securities available for sale 161,953 186,328
Proceeds from sales of securities available for sale 0 1,378,272
Purchases of securities held to maturity 0 (10,644)
Purchases of securities available for sale (209,382) (1,475,357)
Net proceeds from bank-owned life insurance 566 (27)
Net change in federal funds sold and securities purchased under reverse repurchase agreements 0 (10,000)
Net change in member bank stock 8,048 6,400
Net change in LHFI (473,472) (223,867)
Proceeds from sale of 1-4 family mortgage loans 0 43,935
Purchases of premises and equipment (8,440) (19,530)
Proceeds from sales of premises and equipment 3,592 2,219
Proceeds from sales of other real estate 2,240 4,555
Purchases of software (6,326) (4,906)
Investments in tax credit and other partnerships (11,853) (12,807)
Proceeds from disposition of business, net 0 321,345
Other, net 0 200
Net cash from investing activities (455,595) 275,802
Financing Activities    
Net change in deposits 522,799 (328,828)
Net change in federal funds purchased and securities sold under repurchase agreements 95,992 (40,102)
Net change in short-term borrowings (100,000) (50,000)
Payments on long-term FHLB advances 0 (58)
Payments under finance lease obligations (338) (315)
Common stock dividends (43,952) (42,622)
Repurchase and retirement of common stock (37,058) 0
Shares withheld to pay taxes, long-term incentive plan (2,540) (1,450)
Net cash from financing activities 434,903 (463,375)
Net change in cash and cash equivalents 165,575 (169,907)
Cash and cash equivalents at beginning of period 567,251 975,343
Cash and cash equivalents at end of period $ 732,826 $ 805,436