XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 115,874 $ 117,575
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 9,470 (11,354)
Depreciation and amortization of premises and equipment 7,581 7,339
Net amortization on securities 2,736 4,460
Amortization of intangible assets 1,725 2,157
Amortization of operating lease right-of-use assets 4,989 5,401
Excess tax benefit on stock-based compensation (183) (321)
Stock-based compensation expense 3,949 3,819
Bank owned life insurance income (4,625) (4,588)
Amortization of subordinated debt issuance costs 327 328
Proceeds from sale of loans held for sale 4,238 48,371
Originations of loans held for sale (3,573) (47,996)
Net gains on sale of loans held for sale (112) (280)
Net security losses (gains) 914 (568)
Net gains on sale of other real estate owned (259) (44)
Net change in other assets and other liabilities 10,470 12,501
Net cash provided by operating activities 153,521 136,800
Investing activities    
Net cash used in acquisitions (2,534) (1,550)
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 177,704 308,688
Purchases (262,861) (560,884)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 154,194 149,200
Purchases (351,390) (216,205)
Equity securities:    
Proceeds from calls 0 1,000
Purchases (1,000) 0
Other:    
Net increase in loans (410,805) (73,344)
Proceeds from Federal Home Loan Bank stock redemption 6,491 2,355
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (6,285) (163)
Proceeds from settlement of bank owned life insurance 1,873 3,571
Purchases of bank owned life insurance 0 (40,000)
Purchases of premises and equipment, net (4,749) (5,007)
Proceeds from sales of other real estate owned 426 784
Net cash used in investing activities (698,936) (431,555)
Financing activities    
Net (decrease) increase in deposits (315,718) 1,113,486
Net decrease in short-term borrowings (23,241) (68,671)
Repayments of long-term debt (10,673) (25,077)
Proceeds from the issuance of shares to employee and other stock plans 0 112
Cash paid by employer for tax-withholdings on stock issuance (1,346) (1,973)
Purchase of treasury stock (14,713) (14,083)
Cash dividends (36,907) (35,614)
Net cash (used in) provided by financing activities (402,598) 968,180
Net (decrease) increase in cash and cash equivalents (948,013) 673,425
Cash and cash equivalents at beginning of period 1,269,071 672,681
Cash and cash equivalents at end of period 321,058 1,346,106
Cash paid during the period for:    
Interest expense 14,456 17,161
Income taxes paid, net of refund 41,903 39,025
Noncash investing activities:    
Loans transferred to other real estate owned 0 141
Acquisitions:    
Fair value of assets acquired $ 705 $ 0