v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 163,986 $ 216,138
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of premises and equipment 10,652 11,992
Writedown of ROU assets, foreclosed properties, and equipment 4,768 1,119
Amortization, net 23,838 24,397
Amortization (accretion) related to acquisitions, net 2,271 (1,792)
Provision for credit losses 12,771 (59,888)
Losses (gains) on securities transactions, net 2 (87)
Gain on sale of DHFB (9,082) 0
BOLI income (8,858) (8,202)
Originations and purchases of loans held for sale (263,162) (491,895)
Proceeds from sales of loans held for sale 270,853 550,683
(Gains) losses on sales of foreclosed properties and former bank premises, net (507) 638
Losses on debt extinguishment 0 14,695
Stock-based compensation expenses 8,065 7,492
Issuance of common stock for services 611 372
Net decrease in other assets (6,489) 108,590
Net increase (decrease) in other liabilities 117,188 (134,336)
Net cash provided by operating activities 326,905 240,003
Investing activities:    
Purchases of AFS securities, restricted stock, and other investments (97,518) (1,142,304)
Purchases of HTM securities (225,026) 0
Proceeds from sales of AFS securities and restricted stock 29,719 45,436
Proceeds from maturities, calls and paydowns of AFS securities 281,542 392,129
Proceeds from maturities, calls and paydowns of HTM securities 8,223 6,642
Net (increase) decrease in loans held for investment (717,591) 891,240
Net increase in premises and equipment (3,054) (9,221)
Proceeds from BOLI settlements 2,876 4,843
Purchases of BOLI policies 0 (100,000)
Proceeds from sales of foreclosed properties and former bank premises 5,965 8,632
Net cash (used in) provided by investing activities (714,864) 97,397
Financing activities:    
Net increase in noninterest-bearing deposits 83,614 960,135
Net (decrease) in interest-bearing deposits (148,497) (60,716)
Net increase (decrease) in short-term borrowings 162,112 (255,707)
Repayments of long-term debt 0 (214,695)
Cash dividends paid - common stock (64,486) (63,125)
Cash dividends paid - preferred stock (8,901) (8,901)
Repurchase of common stock (48,231) (125,000)
Issuance of common stock 3,849 2,955
Vesting of restricted stock, net of shares held for taxes (3,060) (2,390)
Net cash (used in) provided by financing activities (23,600) 232,556
(Decrease) increase in cash and cash equivalents (411,559) 569,956
Cash, cash equivalents, and restricted cash at beginning of the period 802,501 493,294
Cash, cash equivalents, and restricted cash at end of the period 390,942 1,063,250
Cash payments for:    
Interest 34,099 30,749
Income taxes 1,224 1,260
Supplemental schedule of noncash investing and financing activities    
Transfers from loans to foreclosed properties 404 14
Transfers from bank premises to OREO $ 0 $ 1,109

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