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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net Cash Provided by Operating Activities $ 86,596 $ 90,000
INVESTING ACTIVITIES    
Purchases of securities (211,265) (89,038)
Proceeds from maturities, prepayments and calls of securities 44,025 34,715
Proceeds from redemption of FHLB stock 5,818 3,988
Purchases of FHLB stock (5,648) (3,157)
Net decrease in loans 38,449 33,937
Proceeds from sale of portfolio loans 0 640
Proceeds from sale of other real estate owned 6,285 145
Purchases of premises and equipment (660) (811)
Proceeds from the sale of premises and equipment 56 74
Net Cash Used in Investing Activities (122,940) (19,507)
FINANCING ACTIVITIES    
Net increase in core deposits 13,419 522,528
Net decrease in certificates of deposit (49,465) (67,003)
Net (decrease) increase in securities sold under repurchase agreements (14,379) 2,254
Net decrease in short-term borrowings 0 (75,000)
Repayments on long-term borrowings (259) (399)
Treasury shares issued-net (56) (135)
Cash dividends paid to common shareholders (11,374) (10,975)
Net Cash (Used in) Provided by Financing Activities (62,114) 371,270
Net (decrease) increase in cash and cash equivalents (98,458) 441,763
Cash and cash equivalents at beginning of period 922,215 229,666
Cash and Cash Equivalents at End of Period 823,757 671,429
Supplemental Disclosures    
Loans transferred to held for sale 0 2,798
Cash paid for interest 2,507 5,368
Cash paid for income taxes, net of refunds 75 197
Transfers of loans to other real estate owned $ 0 $ 77