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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net Income $ 93,325 $ 107,487
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 40,654 10,146
Provision for unfunded commitments 974 0
Depreciation and amortization 3,515 5,653
Amortization of operating lease right-of-use assets 5,276 3,022
Gains on sale of loans (16,249) (5,874)
Gains on sale of GNMA loans (2,443) 0
Securities premium amortization (discount accretion), net 5,345 3,966
Origination of loans held for sale (862,171) (437,525)
Proceeds from sale of loans held for sale 856,043 410,454
Net increase in cash surrender value of BOLI (1,655) (1,285)
Deferred income tax (benefit) expense (6,559) 3,305
Net gain on sale of other real estate owned (1,180) 0
Net gain on sale of investment securities (1,650) (1,628)
Stock-based compensation expense 3,874 6,648
Net tax benefits from stock compensation 99 10
(Increase) decrease in other assets (45,493) 7,274
Increase (decrease) in other liabilities 35,880 (19,314)
Net cash provided by operating activities 107,585 92,339
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (465,119) (130,693)
Proceeds from maturities of available-for-sale securities 208,264 129,879
Proceeds from sale/call of available-for-sale securities 130,265 82,982
Purchases of Federal Reserve and Federal Home Loan Bank stock (9,116) (90,219)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 4,250 85,000
Net increase in loans (343,665) (574,177)
Increase (decrease) in premises and equipment (445) (2,171)
Net cash used in investing activities (475,566) (499,399)
Cash Flows From Financing Activities:    
Increase in deposits 954,394 428,228
Decrease in customer repurchase agreements (6,687) (116)
Increase in short-term borrowings 50,000 100,000
Increase in long-term borrowings 50,293 0
Proceeds from exercise of equity compensation plans 0 332
Proceeds from employee stock purchase plan 564 585
Common stock repurchased (44,168) (33,385)
Cash dividends paid (21,280) (14,926)
Net cash provided by financing activities 983,116 480,718
Net Increase In Cash and Cash Equivalents 615,135 73,658
Cash and Cash Equivalents at Beginning of Period 241,973 321,864
Cash and Cash Equivalents at End of Period 857,108 395,522
Supplemental Cash Flows Information:    
Interest paid 59,011 81,834
Income taxes paid 29,850 43,250
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets 998 29,574
Transfers from loans to other real estate owned $ 3,500 $ 93