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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 105,020,000 $ 113,401,000 $ 82,153,000
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and net amortization 11,105,000 11,421,000 12,084,000
Securities premium amortization (discount accretion), net 18,261,000 22,770,000 24,291,000
Loan (discount accretion) premium amortization, net (52,000) (829,000) (1,107,000)
Provision for (reversal of) credit losses 3,241,000 (16,964,000) 20,201,000
Stock compensation expense 3,221,000 3,020,000 3,020,000
Deferred tax expense (benefit) (89,000) 4,752,000 (4,430,000)
Net (gain) loss on sale of AFS securities 3,819,000 (3,862,000) (8,257,000)
Loss on impairment of investments 38,000 0 0
Net loss on premises and equipment 576,000 324,000 877,000
Gross proceeds from sales of loans held for sale 23,774,000 45,803,000 74,814,000
Gross originations of loans held for sale (22,757,000) (43,792,000) (78,126,000)
Net (gain) loss on OREO (40,000) (174,000) 151,000
Retirement plan curtailment expense 0 0 163,000
Retirement plan settlement expense 0 0 215,000
Loss on redemption of subordinated notes 0 1,118,000 0
Net change in:      
Interest receivable (10,205,000) (437,000) (10,256,000)
Other assets (5,447,000) (2,672,000) (6,445,000)
Interest payable 1,378,000 (2,257,000) (3,234,000)
Other liabilities 94,674,000 24,482,000 (15,594,000)
Net cash provided by (used in) operating activities 226,517,000 156,104,000 90,520,000
Securities AFS:      
Purchases (708,307,000) (692,675,000) (916,873,000)
Sales 460,765,000 160,498,000 316,043,000
Maturities, calls and principal repayments 107,787,000 315,455,000 437,098,000
Securities HTM:      
Purchases (1,632,000) 0 0
Maturities, calls and principal repayments 12,002,000 18,304,000 26,044,000
Proceeds from redemption of FHLB stock and equity investments 46,812,000 32,174,000 31,000,000
Purchases of FHLB stock and equity investments (40,967,000) (21,221,000) (5,689,000)
Net loan paydowns (originations) (503,647,000) 11,891,000 (90,206,000)
Purchases of premises and equipment (9,301,000) (8,365,000) (11,435,000)
Purchases of BOLI 0 (13,000,000) (12,500,000)
Proceeds from sales of premises and equipment 1,365,000 1,861,000 1,846,000
Net proceeds from sales of OREO 220,000 816,000 766,000
Proceeds from sales of repossessed assets 124,000 254,000 171,000
Net cash provided by (used in) investing activities (634,779,000) (194,008,000) (223,735,000)
FINANCING ACTIVITIES:      
Net change in deposits 475,629,000 789,968,000 249,321,000
Net change in other borrowings 197,934,000 47,000 (5,186,000)
Proceeds from FHLB borrowings 3,321,000,000 14,998,118,000 21,797,280,000
Repayment of FHLB borrowings (3,511,680,000) (15,486,607,000) (21,937,497,000)
Net proceeds from issuance of subordinated notes 0 (95,000) 98,478,000
Redemption of subordinated notes 0 (100,011,000) 0
Proceeds from stock option exercises 790,000 7,672,000 1,692,000
Cash paid to tax authority related to tax withholding on share-based awards (501,000) (479,000) (393,000)
Purchase of common stock (33,708,000) (34,148,000) (30,989,000)
Proceeds from the issuance of common stock for dividend reinvestment plan 1,233,000 1,353,000 1,424,000
Cash dividends paid (44,936,000) (44,569,000) (43,204,000)
Net cash provided by (used in) financing activities 405,761,000 131,249,000 130,926,000
Net increase (decrease) in cash and cash equivalents (2,501,000) 93,345,000 (2,289,000)
Cash and cash equivalents at beginning of period 201,753,000 108,408,000 110,697,000
Cash and cash equivalents at end of period 199,252,000 201,753,000 108,408,000
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:      
Interest paid 39,262,000 28,687,000 47,201,000
Income taxes paid 11,950,000 10,750,000 12,000,000
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Loans transferred to other repossessed assets and real estate through foreclosure 465,000 740,000 749,000
Transfer of AFS to HTM securities 1,369,639,000 0 0
Unsettled trades to purchase securities 0 (18,995,000) 0
Unsettled trades to repurchase common stock $ (133,000) $ 0 $ 0