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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 90,631 $ 108,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss expense 4,776 3,725
Depreciation and amortization 17,881 17,512
Change in current income tax receivable 634 4,860
Change in deferred income taxes 7,641 (4,108)
Discount accretion, net of premium amortization on securities (1,200) (619)
Gain on sale of mortgages, net (7,711) (8,309)
Origination of loans held for sale, net of repayments (253,078) (326,477)
Proceeds from sales of loans held for sale 261,881 333,329
Originations of mortgage servicing rights (258) (993)
Proceeds from sales of mortgage servicing rights   5,502
Gain on sale of mortgage servicing rights   (1,052)
Impairment on fixed assets related to banking center consolidations   113
Gain on sale of fixed assets (637) (148)
Stock-based compensation 5,666 5,366
Operating lease payments (4,909) (4,674)
Change in other assets (13,761) (23,559)
Change in other liabilities 1,285 12,917
Net cash provided by operating activities 108,841 122,312
Cash flows from investing activities:    
Proceeds from non-marketable securities 42,559 90,293
Proceeds from maturities and paydowns of investment securities available-for-sale 137,632 71,339
Proceeds from maturities and paydowns of investment securities held-to-maturity 47,385 53,947
Proceeds from sales of other real estate owned 2,462 249
Purchases of non-marketable securities (26,238) (93,852)
Purchases of investment securities available-for-sale (199,079) 0
Purchases of investment securities held-to-maturity 0 (2,452)
Purchases of premises and equipment, net (26,375) (24,687)
Net increase in loans (34,044) (254,910)
Net cash activity for acquisitions   (45,300)
Net cash used in investing activities (55,698) (205,373)
Cash flows from financing activities:    
Net increase in deposits 306,464 275,834
Net (decrease) increase in repurchase agreements and other short-term borrowings (110) 59
Net payments to the Federal Home Loan Bank (340,000) (68,230)
Issuance of stock under purchase and equity compensation plans (1,205) (1,054)
Proceeds from exercise of stock options 2,008 106
Payment of dividends (31,830) (29,382)
Net cash (used in) provided by financing activities (64,673) 177,333
(Decrease) increase in cash, cash equivalents and restricted cash(1) (11,530) 94,272
Cash, cash equivalents and restricted cash at beginning of the year(1) 192,326 198,519
Cash, cash equivalents and restricted cash at end of period(1) 180,796 292,791
Supplemental disclosure of cash flow information during the period:    
Cash paid for interest 141,120 76,642
Net tax payments 16,413 24,824
Supplemental schedule of non-cash activities:    
Loans transferred from loans held for sale to loans $ 997 $ 5,176