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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows Provided by (Used in) Operating Activities    
Net income $ 93,523 $ 71,999
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses (10,365) 35,656
Amortization of intangible assets 8,200 7,569
Amortization of mortgage servicing rights 4,202 3,932
Depreciation and amortization of premises and equipment 8,723 9,384
Net amortization (accretion) of premium (discount) on portfolio loans acquired (4,860) (7,015)
Net amortization (accretion) of premium (discount) on investment securities 17,263 6,698
Net amortization (accretion) of premium (discount) on time deposits (929) (662)
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings 620 387
Impairment of OREO   43
Impairment of fixed assets held for sale   36
Impairment of mortgage servicing rights (542) 604
Change in fair value of equity securities, net (2,482) 1,234
(Gain) loss on sales of debt securities, net (114) (1,710)
(Gain) loss on sales of loans, net (8,202) (21,357)
(Gain) loss on sales of OREO 163 47
(Gain) loss on sales of premises and equipment (1,007) 198
(Gain) loss on life insurance proceeds (493) (1,256)
Provision for deferred income taxes 2,326 (2,730)
Stock-based compensation 5,722 4,413
(Increase) decrease in cash surrender value of bank owned life insurance (2,946) (3,105)
Mortgage loans originated for sale (214,096) (770,186)
Proceeds from sales of mortgage loans 244,356 771,039
Net change in operating assets and liabilities:    
(Increase) decrease in other assets (12,791) (3,435)
Increase (decrease) in other liabilities (23,775) (369)
Net cash provided by (used in) operating activities 102,496 101,414
Cash Flows Provided by (Used in) Investing Activities    
Purchases of equity securities (11,017) (13,123)
Purchases of debt securities available for sale (2,048,554) (907,094)
Proceeds from sales of equity securities 7,254 33
Proceeds from sales of debt securities available for sale 290,955  
Proceeds from paydowns and maturities of debt securities available for sale 641,754 477,370
Net cash received in (paid for) acquisitions (see Note 2) 228,279  
Net (increase) decrease in loans 114,729 (439,679)
Cash paid for premiums on bank-owned life insurance (118) (120)
Purchases of premises and equipment (4,041) (3,158)
Proceeds from life insurance 3,232 2,512
Proceeds from disposition of premises and equipment 6,519 806
Proceeds from sales of OREO 1,452 492
Net cash provided by (used in) investing activities (769,556) (881,961)
Cash Flows Provided by (Used in) Financing Activities    
Net increase (decrease) in deposits 816,551 740,967
Net change in federal funds purchased and securities sold under agreements to repurchase 48,977 (3,850)
Proceeds from other borrowings 72,500 142,634
Repayment of other borrowings (15,500) (74,000)
Proceeds from FHLB advances 5,000 4,000
Repayment of FHLB advances (4,492) (32,551)
Cash dividends paid (37,953) (36,017)
Purchase of treasury stock (22,038) (9,669)
Cash paid for withholding taxes on stock-based payments (888) (635)
Proceeds from stock options exercised   101
Issuance of treasury stock for ESPP 361  
Common stock issuance costs (150)  
Net cash provided by (used in) financing activities 862,368 730,980
Net increase (decrease) in cash and cash equivalents 195,308 (49,567)
Cash and cash equivalents, beginning of period 688,537 529,288
Cash and cash equivalents, ending of period 883,845 479,721
Cash payments for:    
Interest 16,257 41,987
Income taxes 9,641 19,395
Non-cash investing and financing activities:    
OREO acquired in settlement of loans $ 228 $ 2,482