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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 47,315 $ 28,628
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 3,988 25,448
Depreciation and amortization 8,233 8,464
Stock-based compensation expense 2,842 1,537
Pension expense (income) 850 400
Net amortization (accretion) on investment securities 9,136 3,981
Net (gain) loss on sales of investment securities 166 59
Originations of loans held for sale (206,222) (111,112)
Net gains from sales of loans held for sale (9,454) (2,831)
Proceeds from sales of loans held for sale 220,374 100,288
Deferred income taxes 3,303 2,975
Amortization of operating leases 1,851 2,020
Payments for operating leases (1,790) (1,288)
Decrease (increase) cash surrender value of life insurance 479 198
Decrease (increase) in interest receivable (777) (878)
(Decrease) increase in interest payable (518) (2,197)
Decrease (increase) in other assets 117,134 (362,717)
(Decrease) increase in other liabilities (48,806) 181,099
Net cash provided by (used in) operating activities 147,034 (126,224)
Investing activities    
Proceeds from sales of securities available-for-sale 50,451 29,922
Proceeds from calls, paydowns and maturities of securities available-for-sale 279,426 151,629
Purchases of securities available-for-sale (665,723) (234,589)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 10,799 6,186
Payments to Acquire Other Investments 992 18,659
Net decrease (increase) in interest-bearing deposits with other banks 1,125 (14,123)
Net decrease (increase) in loans and leases (40,390) (105,697)
Proceeds from disposal of other real estate owned 433 900
Purchases of premises and equipment (2,717) (5,805)
Net cash provided by (used in) investing activities (366,100) (190,236)
Financing activities    
Net (decrease) increase in total deposits 416,066 425,329
Net (decrease) increase in short-term borrowings 14,793 81,543
Payments of long-term debt 192,508 90,066
Cash dividends paid on common stock (22,200) (22,531)
Treasury stock purchase 17,982 16,686
Proceeds from exercise of stock options 34 72
Net cash provided by (used in) financing activities 198,203 377,661
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect (20,863) 61,201
Cash and due from banks at beginning of period 231,054 200,691
Cash and due from banks at end of period 210,191 261,892
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]    
Equity Securities, FV-NI, Unrealized Gain (Loss) (112) 98
Payments to Acquire Held-to-maturity Securities (1,000) 0
Proceeds from Maturities, Prepayments and Calls of Other Investments 2,488 0
Interest Paid, Excluding Capitalized Interest, Operating Activities 9,252 27,420
Income Taxes Paid $ 147 $ 72