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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities:      
Net Income $ 132,217 $ 142,943 $ 152,276
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 45,571 13,091 8,660
Provision for unfunded commitments 1,380 0 0
Depreciation and amortization 4,696 6,174 6,969
Gains on sale of loans (22,089) (8,474) (5,963)
Gain on MSRs (667) 0 0
Securities premium amortization (discount accretion), net 8,196 5,186 4,445
Origination of loans held for sale (1,240,682) (665,726) (325,109)
Proceeds from sale of loans held for sale 1,231,273 636,747 337,256
Net increase in cash surrender value of BOLI (2,071) (1,703) (1,507)
Deferred income tax (benefit) expense (8,332) (61) (3,497)
Net gain on sale of other real estate owned (1,180) 0 0
Net gain on sale of investment securities (1,815) (1,517) (97)
Stock-based compensation expense 5,324 7,684 6,494
Net tax (expense) benefits from stock compensation 118 (48) 110
Increase in other assets (28,626) (21,421) (16,643)
Increase in other liabilities 9,826 19,809 2,061
Net cash provided by operating activities 133,139 132,684 165,455
Cash Flows From Investing Activities:      
Purchases of available-for-sale investment securities (739,955) (374,648) (331,884)
Proceeds from maturities of available-for-sale securities 302,471 214,204 93,848
Proceeds from sale/call of available-for-sale securities 124,144 104,785 36,292
Purchases of Federal Reserve and Federal Home Loan Bank stock (9,160) (100,939) (47,872)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 4,250 89,250 60,690
Net increase in loans (240,911) (563,771) (583,393)
Purchase of BOLI 0 (580) (11,000)
Purchase of annuities 0 (2,589) 0
Proceeds from sale of other real estate owned 4,430 0 0
Purchases of premises and equipment (2,945) (2,839) (1,482)
Net cash used in investing activities (557,676) (637,127) (784,801)
Cash Flows From Financing Activities:      
Increase in deposits 1,964,812 250,106 1,120,301
Increase (decrease) in customer repurchase agreements (4,254) 567 (46,148)
Increase (decrease) in short-term borrowings 50,000 250,000 (325,000)
Increase in long-term borrowings 50,000 0 0
Proceeds from exercise of equity compensation plans 63 332 776
Proceeds from employee stock purchase plan 760 782 808
Common stock repurchased (61,432) (54,903) 0
Cash dividends paid (28,330) (22,332) 0
Net cash provided by financing activities 1,971,619 424,552 750,737
Net (Decrease) Increase In Cash and Cash Equivalents 1,547,082 (79,891) 131,391
Cash and Cash Equivalents at Beginning of Period 241,973 321,864 190,473
Cash and Cash Equivalents at End of Period 1,789,055 241,973 321,864
Supplemental Cash Flows Information:      
Interest paid 70,183 105,985 73,806
Income taxes paid 37,400 54,650 55,200
Non-Cash Investing Activities      
Initial recognition of operating lease right-of-use assets 1,696 29,574 0
Transfers from loans to other real estate owned 6,750 93 0
Change in fair value of cash flow hedge (904) 0 0
Change in fair value of investments $ 17,822 $ 0 $ 0