XML 28 R8.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 85,834 $ 91,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment, and amortization 4,562 4,829
Amortization of intangible assets 3,090 4,902
Provision for credit losses on loans 4,670 16,415
Amortization of investment securities premium, net 511 433
Loss on sale of investment securities 43 164
Originations of loans for resale (48,197) (33,389)
Proceeds from sale of loans originated for resale 47,476 35,179
Gain on sale of loans (1,198) (883)
Change in fair market value of mortgage servicing rights 468 215
Provision for losses on foreclosed assets 0 679
Gain on transfer of loans to foreclosed assets (38) (114)
Loss (gain) on sale of foreclosed assets 26 (38)
Change in the market value of foreclosed assets 262 0
Operating lease expense payments (4,658) (4,840)
Loss on disposal of fixed assets 12 22
Increase in cash value of life insurance (2,420) (2,274)
Loss (gain) on marketable and trading equity securities (121) 81
Equity compensation vesting expense 3,550 3,054
Change in:    
Interest receivable 3,707 (2,739)
Interest payable 3,219 5,521
Amortization of operating lease ROUA 4,481 4,861
Other assets and liabilities, net (19,812) (21,016)
Net cash from operating activities 85,467 102,377
Investing activities:    
Proceeds from maturities of securities available for sale 315,627 243,245
Proceeds from maturities of securities held to maturity 16,074 21,754
Proceeds from sale of available for sale securities 31,534 24,160
Purchases of securities available for sale (122,873) (34,468)
Loan origination and principal collections, net 107,690 (258,183)
Loans purchased 0 (6,423)
Proceeds from sale of other real estate owned 149 165
Purchases of premises and equipment (3,250) (3,885)
Net cash from investing activities 344,951 (13,635)
Financing activities:    
Net change in deposits 203,053 (319,370)
Net change in other borrowings (365,815) 273,370
Repurchase of common stock, net of option exercises (13,651) (9,108)
Dividends paid (32,766) (29,921)
Exercise of stock options 174 156
Net cash used by financing activities (209,005) (84,873)
Net change in cash and cash equivalents 221,413 3,869
Cash and cash equivalents, beginning of period 98,701 107,230
Cash and cash equivalents, end of period 320,114 111,099
Supplemental disclosure of noncash activities:    
Unrealized gain (loss) on securities available for sale 51,383 (44,738)
Market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes 1,168 2,134
Obligations incurred in conjunction with leased assets 2,226 4,311
Loans transferred to foreclosed assets 458 105
Supplemental disclosure of cash flow activity:    
Cash paid for interest expense 99,233 46,864
Cash paid for income taxes $ 27,200 $ 39,800