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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 44,485 $ 58,085
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,038 6,067
Net amortization of premiums on securities 3,966 3,845
Provision (benefit) for credit losses 7,196 (7,144)
Share-based compensation 2,052 1,316
Deferred income tax benefit (1,532) (6,885)
Proceeds from sale of loans held for sale 28,094 63,331
Originations of loans held for sale (22,921) (62,474)
Income on company owned life insurance (4,667) (2,126)
Net gain on sale of loans held for sale (1,045) (2,468)
Net (loss) gain on investment securities 15 (71)
Net loss (gain) on other assets 15 (286)
Noncash restructuring charges against assets 1,269 76
Increase in other assets (32,242) (2,513)
Increase (decrease) in other liabilities 86,705 (9,286)
Net cash provided by operating activities 117,428 39,467
Cash flows from investing activities:    
Purchases of available for sale securities (75,269) (650,713)
Purchases of held to maturity securities (37,384) (17,009)
Proceeds from principal payments, maturities and calls on available for sale securities 101,014 115,688
Proceeds from principal payments, maturities and calls on held to maturity securities 44,890 69,954
Proceeds from sales of securities available for sale 6,252 51,891
Net loan originations (189,315) (59,841)
Purchases of company owned life insurance (35,521) (20,013)
Proceeds received from surrender of company owned life insurance 25,522 0
Proceeds from sales of other assets 0 3,425
Purchases of premises and equipment (5,641) (8,357)
Cash consideration paid for acquisition, net of cash acquired 0 (1,420)
Net cash used in investing activities (165,452) (516,395)
Cash flows from financing activities:    
Net increase in deposits 78,064 696,596
Net increase (decrease) in short-term borrowings 39,000 (5,300)
Repurchase of preferred stock 0 (43)
Purchases of common stock for treasury (15,327) (5,967)
Cash dividends paid to common and preferred shareholders (14,244) (13,810)
Net cash provided by financing activities 87,493 671,476
Net increase in cash and cash equivalents 39,469 194,548
Cash and cash equivalents, beginning of period 79,112 93,878
Cash and cash equivalents, end of period $ 118,581 $ 288,426