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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net Income (Loss) $ (47,035) $ 100,534 $ 140,930
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Provision for credit losses 66,360 31,536 266
Provision for (reversal of) unfunded commitments (2,127) (267) 1,477
Goodwill impairment 104,168 0 0
Depreciation and amortization 3,198 3,480 3,319
Gains on sale of loans (57) (418) (3,702)
Net (gain) loss on mortgage servicing rights (1,512) 142 (837)
Securities premium amortization, net 5,416 6,189 9,011
Origination of loans held for sale 0 (29,690) (299,317)
Proceeds from sale of loans held for sale 0 36,842 343,503
Deferred income tax (benefit) expense 2,601 (3,377) 6,560
Net gain on sale of other real estate owned 0 (134) (248)
Net increase in cash surrender value of bank owned life insurance (2,885) (2,659) (2,547)
Net (gain) loss on call/sale of investment securities (14) 11 169
Stock-based compensation expense 9,561 10,018 9,899
Increase in other assets (7,703) (14,976) (26,162)
Increase (decrease) in other liabilities (6,201) 58,395 12,581
Net cash provided by operating activities 123,770 195,626 194,902
Cash Flows From Investing Activities:      
Purchases of available-for-sale investment securities 0 0 (425,263)
Proceeds from maturities of available-for-sale investment securities 115,404 123,782 261,999
Proceeds from sale/call of available-for-sale investment securities 141,100 8,303 6,225
Purchase of held-to-maturity investment securities 0 0 (290,740)
Proceeds from maturities of held-to-maturity investment securities 70,235 78,251 115,777
Proceeds from call of held-to-maturity investment securities 11,868 2,906 8,350
Purchases of Federal Reserve Bank stock (2,383) (299) (288)
Net proceeds from (purchases of) Federal Home Loan Bank stock (23,633) 39,618 (30,626)
Proceeds from sale of mortgage servicing rights 4,798 0 0
Net increase in loans (6,982) (351,913) (570,977)
Redemption of bank-owned life insurance 0 736 338
Proceeds from sale of other real estate owned 656 987 241
Purchases of premises and equipment (326) (70) (2,113)
Net cash provided by (used in) investing activities 310,737 (97,699) (927,077)
Cash Flows From Financing Activities:      
Increase (decrease) in deposits 323,039 94,857 (1,268,358)
Increase (decrease) in customer repurchase agreements 2,570 (4,513) 11,182
Net Increase (decrease) in short-term borrowings (880,000) 324,999 675,001
Net proceeds from long-term borrowings 75,812 0 0
Proceeds from exercise of equity compensation plans 0 0 97
Proceeds from employee stock purchase plan 485 586 748
Common stock repurchased 0 (48,033) (33,087)
Cash dividends paid (45,617) (54,993) (55,776)
Net cash provided by (used in) financing activities (523,711) 312,903 (670,193)
Net Increase (Decrease) in Cash and Cash Equivalents (89,204) 410,830 (1,402,368)
Cash and Cash Equivalents at Beginning of Period 722,684 311,854 1,714,222
Cash and Cash Equivalents at End of Period 633,480 722,684 311,854
Supplemental Cash Flow Information:      
Interest paid 438,222 376,841 90,590
Income taxes paid 8,210 21,540 23,453
Supplemental Non-Cash Disclosures:      
Initial recognition of operating lease right-of-use assets 5,786 418 0
Transfers of investment securities from available-for-sale to held-to-maturity 0 0 922,975
Transfer of loans for investment to loans held for sale 5,000 0 0
Transfers from loans to other real estate owned $ 2,370 $ 0 $ 475