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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows Provided by (Used in) Operating Activities    
Net income $ 67,582 $ 41,170
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses (8,496) 30,107
Amortization of intangible assets 5,051 5,076
Amortization of mortgage servicing rights 2,961 2,625
Depreciation and amortization of premises and equipment 5,709 6,316
Net amortization (accretion) of premium (discount) on portfolio loans (3,404) (4,663)
Net amortization (accretion) of premium (discount) on investment securities 10,460 4,061
Net amortization (accretion) of premium (discount) on time deposits (550) (709)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 416 220
Impairment of fixed assets held for sale   36
Impairment of mortgage servicing rights (506) 526
Change in fair value of equity securities, net (2,420) 797
(Gain) loss on sales of debt securities, net (119) (1,699)
(Gain) loss on sales of loans, net (6,133) (11,387)
(Gain) loss on sales of OREO 161 47
(Gain) loss on sales of premises and equipment (986) 191
(Gain) loss on life insurance proceeds (488) (1,256)
Provision for deferred income taxes 3,804 (1,142)
Stock-based and non-cash compensation 3,885 2,208
(Increase) decrease in cash surrender value of bank owned life insurance (1,953) (2,083)
Mortgage loans originated for sale (157,670) (511,670)
Proceeds from sales of mortgage loans 188,216 483,238
Net change in operating assets and liabilities:    
(Increase) decrease in other assets (8,995) 12,225
Increase (decrease) in other liabilities (14,260) 496
Net cash provided by (used in) operating activities 82,265 54,730
Cash Flows Provided by (Used in) Investing Activities    
Purchases of equity securities (5,998) (4)
Purchases of debt securities available for sale (1,274,797) (356,700)
Proceeds from sales of equity securities 1,235 33
Proceeds from sales of debt securities available for sale 290,955
Proceeds from paydowns and maturities of debt securities available for sale 424,725 315,988
Net cash received in (paid for) acquisitions 236,981
Net (increase) decrease in loans 79,088 (546,599)
Cash paid for premiums on bank-owned life insurance (113) (116)
Purchases of premises and equipment (3,093) (3,029)
Proceeds from life insurance 3,227 2,512
Proceeds from disposition of premises and equipment 5,158 802
Proceeds from sales of OREO 1,410 413
Net cash provided by (used in) investing activities (241,222) (586,700)
Cash Flows Provided by (Used in) Financing Activities    
Net increase (decrease) in deposits 335,422 1,007,979
Net change in federal funds purchased and securities sold under agreements to repurchase 15,001 (11,242)
Proceeds from other borrowings 72,500 142,634
Repayment of other borrowings   (54,000)
Proceeds from FHLB advances 5,000 1,609
Repayment of FHLB advances (4,327)
Cash dividends paid (24,997) (24,023)
Purchase of treasury stock (7,248) (9,669)
Cash paid for withholding taxes on stock-based payments   (635)
Proceeds from stock options exercised   101
Common stock issuance costs (121)  
Net cash provided by (used in) financing activities 391,230 1,052,754
Net increase (decrease) in cash and cash equivalents 232,273 520,784
Cash and cash equivalents, beginning of period 688,537 529,288
Cash and cash equivalents, ending of period 920,810 1,050,072
Cash payments for:    
Interest 11,571 25,761
Income taxes 9,211 4,510
Non-cash investing and financing activities:    
OREO acquired in settlement of loans $ 137 $ 1,158