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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow From Operating Activities:    
Net income $ 49,469 $ 34,263
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 19,752
Depreciation and amortization 2,748 2,674
Change in deferred taxes (3,079) (7,662)
Share-based compensation 1,190 1,220
Loans originated for sale (111,558) (163,378)
Proceeds from sales of loans held for sale 114,383 170,307
Gains on sales of loans held for sale (3,289) (2,931)
Gains on sales of securities available for sale (1,799) (4,612)
Increase in cash surrender of life insurance (1,189) (1,360)
Gains on life insurance benefits (147) 0
Change in interest receivable (714) 1,412
Change in interest payable 733 992
Other adjustments 6,062 20,816
Net cash provided by operating activities 52,810 71,493
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits (501) (14,681)
Purchases of:    
Securities available for sale (597,901) (87,499)
Securities held to maturity (135,098) (126,759)
Proceeds from sales of securities available for sale 48,016 96,558
Proceeds from maturities of:    
Securities available for sale 80,114 45,621
Securities held to maturity 66,361 49,912
Net change in loans (72,704) (148,882)
Proceeds from the sale of other real estate owned 495 303
Proceeds from life insurance benefits 315 0
Other adjustments (2,285) (3,672)
Net cash used in investing activities (613,188) (189,099)
Net change in :    
Demand and savings deposits 620,609 109,276
Certificates of deposit and other time deposits (30,439) (78,748)
Borrowings 8,678 180,060
Repayment of borrowings (30,093) (72,710)
Cash dividends on common stock (14,130) (14,265)
Stock issued under employee benefit plans 144 0
Stock issued under dividend reinvestment and stock purchase plans 443 428
Stock options exercised 171 7
Repurchase of common stock 0 (55,912)
Net cash provided by financing activities 555,383 68,136
Net Change in Cash and Cash Equivalents (4,995) (49,470)
Cash and Cash Equivalents, January 1 192,896 177,201
Cash and Cash Equivalents, March 31 187,901 127,731
Additional cash flow information:    
Interest paid 8,655 24,938
Loans transferred to other real estate owned 44 761
Fixed assets transferred to other real estate owned 1,167 0
Non-cash investing activities using trade date accounting 66,558 44,362
ROU assets obtained in exchange for new operating lease liabilities $ 386 $ 79