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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities:    
Net Income $ 80,309 $ 98,737
Adjustments to reconcile Net Income to net cash provided by operating activities:    
Provision for credit losses 17,046 730
Provision for credit losses for unfunded commitments 327 1,316
Depreciation and amortization 2,649 2,483
Gain on sale of loans (395) (3,168)
Loss (gain) on mortgage servicing rights 108 (872)
Securities premium amortization, net 4,766 7,191
Origination of loans held for sale (29,690) (264,765)
Proceeds from sale of loans held for sale 36,819 305,764
Net gain on sale of other real estate owned (134) (107)
Net loss on sale of investment securities 14 172
Net increase in cash surrender value of BOLI (1,972) (1,889)
Stock-based compensation expense 7,653 7,587
Increase in other assets (29,589) (19,055)
Increase in other liabilities 51,058 5,503
Net Cash Provided by Operating Activities 138,969 139,627
Investment securities available-for-sale:    
Purchases 0 (414,935)
Proceeds from maturities 92,647 182,767
Proceeds from sale/call 8,303 6,225
Investment securities held-to-maturity:    
Purchases 0 (290,740)
Proceeds from maturities 60,312 82,163
Proceeds from call 2,906 19,944
Proceeds from (purchase of) sale of Federal Reserve stock 39,378 (8,158)
Net increase in loans (287,673) (239,089)
Redemption of BOLI 736 0
Proceeds from sale of OREO 609 241
Net change in premises and equipment (298) (1,518)
Net Cash Used in Investing Activities (83,080) (663,100)
Cash Flows From Financing Activities:    
Decrease in deposits (336,876) (1,218,190)
Decrease in customer repurchase agreements (9,411) (2,453)
Proceeds from short-term borrowings 325,000 215,000
Proceeds from employee stock purchase plan 459 558
Proceeds from exercise of equity compensation plans 0 97
Common stock repurchased (48,035) 0
Cash dividends paid (40,825) (41,586)
Net Cash Used in Financing Activities (109,688) (1,046,574)
Net Decrease in Cash and Cash Equivalents (53,799) (1,570,047)
Cash and Cash Equivalents at Beginning of Period 311,854 1,714,222
Cash and Cash Equivalents at End of Period 258,055 144,175
Supplemental Cash Flows Information:    
Interest paid 266,633 49,273
Income taxes paid 16,940 16,150
Non-Cash Investing Activities    
Transfers of investment securities from available-for-sale to held-to-maturity 0 922,795
Transfers from loans to other real estate owned $ 0 $ 475