Statements of Cash Flows (in Thousands) 2001 2000 1999 Cash flows from operating activities: Net income $116,302 $100,140 $89,226 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed loss of subsidiaries (28,021) (96,225) (27,014) Tax benefit on exercise of stock options 3,408 1,010 3,138 Decrease in other assets (57) 1,239 1,036 Decrease in other liabilities 166 (44) (1,980) Net cash provided by operating activities 91,798 6,120 64,406 Cash flows from investing activities: Proceeds from maturities of available for sale securities - - 9,881 Purchases of available for sale securities (1,961) (1.019) = Investment in subsidiaries (119,309) 3,800 (72,293) Net cash provided (used) by investing activities (121,270) 2.781 (62,412) Cash flows from financing activities: Increase in other borrowings 124,963 (10,000) 13,228 Paydown of other borrowings (95,000) - = Issuance of préferred, common and treasury stock, net 2,745 999 823 Purchase treasury. stock _ (2,633) (1,574) Cash dividends (20) (1) (2,744) Net-cash provided (used) by financing activities 32,688 (14,635) 9,733 Net increase (decrease) in cash and cash equivalents 3,216 (2,734) 11,727 Cash and cash equivalents at beginning of period 9,755 12,489 762 Cash and cash equivalents at end of period $ 12,971 $9,755 $12,489 Payment of dividends in common stock $ 36,371 $ 1,500 $32,192 Cash paid for interest $ 6,726 $7,741 $::5,933