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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:      
Net Income $ 176,691 $ 132,217 $ 142,943
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (20,821) 45,571 13,091
Provision for unfunded commitments (1,119) 1,380 0
Depreciation and amortization 5,874 4,696 6,174
Gains on sale of loans (14,045) (22,089) (8,474)
Gain on MSRs (679) (667) 0
Securities premium amortization (discount accretion), net 4,031 8,196 5,186
Origination of loans held for sale (1,156,281) (1,240,682) (665,726)
Proceeds from sale of loans held for sale 1,211,313 1,231,273 636,747
Deferred income tax (benefit) expense 5,770 (8,332) (61)
Net gain on sale of other real estate owned (1,266) (1,180) 0
Net increase in cash surrender value of BOLI (2,059) (2,071) (1,703)
Net gain on sale of investment securities (2,964) (1,815) (1,517)
Stock-based compensation expense 7,811 5,324 7,684
Net tax (expense) benefits from stock compensation 1,097 118 (48)
Increase (decrease) in other assets 1,358 (28,626) (21,421)
Increase in other liabilities 24,823 9,826 19,809
Net cash provided by (used in) operating activities 239,534 133,139 132,684
Cash Flows From Investing Activities:      
Purchases of available-for-sale investment securities (2,029,434) (739,955) (374,648)
Proceeds from maturities of available-for-sale securities 313,921 302,471 214,204
Proceeds from sale/call of available-for-sale securities 201,034 124,144 104,785
Purchases of Federal Reserve and Federal Home Loan Bank stock (218) (9,160) (100,939)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 6,169 4,250 89,250
Net change in loans 511,120 (240,911) (563,771)
Proceeds from sale of SBA PPP loans 170,154 0 0
Purchase of BOLI (30,000) 0 (580)
Purchase of annuities 0 0 (2,589)
Proceeds from sale of other real estate owned 4,618 4,430 0
Purchases of premises and equipment (5,286) (2,945) (2,839)
Net cash (used in) provided by investing activities (857,922) (557,676) (637,127)
Cash Flows From Financing Activities:      
Increase in deposits 792,337 1,964,812 250,106
Increase (decrease) in customer repurchase agreements (2,808) (4,254) 567
Increase in short-term borrowings 0 50,000 250,000
Increase in long-term borrowings 0 50,000 0
Repayment of long-term borrowings (200,000) 0 0
Proceeds from exercise of equity compensation plans 0 63 332
Proceeds from employee stock purchase plan 496 760 782
Common stock repurchased (682) (61,432) (54,903)
Tax equivalent shares withheld on exercise of equity comp plans (1,097) 0 0
Cash dividends paid (44,691) (28,330) (22,332)
Net cash (used in) provided by financing activities 543,555 1,971,619 424,552
Net (Decrease) Increase In Cash and Cash Equivalents (74,833) 1,547,082 (79,891)
Cash and Cash Equivalents at Beginning of Period 1,789,055 241,973 321,864
Cash and Cash Equivalents at End of Period 1,714,222 1,789,055 241,973
Supplemental Cash Flows Information:      
Interest paid 30,989 70,183 105,985
Income taxes paid 54,363 37,400 54,650
Non-Cash Investing Activities      
Initial recognition of operating lease right-of-use assets 9,146 1,696 29,574
Transfers from loans to other real estate owned 149 6,750 93
Change in fair value of cash flow hedge $ (384) $ (904) $ 0