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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 111,464,000 $ 142,797,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss 5,216,000 2,336,000
Specific reserve, other real estate owned 16,000 2,065,000
Depreciation of bank premises and equipment 10,930,000 13,235,000
(Gain) loss on sale of bank premises and equipment (3,080,000) 15,000
(Gain) loss on sale of other real estate owned (1,174,000) 519,000
Accretion of investment securities discounts (732,000) (279,000)
Amortization of investment securities premiums 8,773,000 22,329,000
Investment securities transactions, net   4,000
Unrealized loss on equity securities with readily determinable fair values 498,000 65,000
Proceeds from settlements of claims   2,870,000
Stock based compensation expense 229,000 273,000
Earnings from affiliates and other investments (4,079,000) (61,313,000)
Deferred income taxes (589,000) (821,000)
(Increase) decrease in accrued interest receivable (137,000) 4,902,000
(Increase) decrease in other assets (3,774,000) 12,097,000
Increase in other liabilities 43,821,000 24,904,000
Net cash provided by operating activities 167,382,000 165,998,000
Investing activities:    
Proceeds from maturities of securities 2,075,000 1,200,000
Proceeds from sales and calls of available for sale securities 0 2,865,000
Purchases of available for sale securities (818,988,000) (2,129,883,000)
Principal collected on mortgage backed securities 415,801,000 1,009,379,000
Net decrease in loans 177,727,000 134,517,000
Purchases of other investments (68,253,000) (42,037,000)
Distributions from other investments 3,133,000 59,955,000
Purchases of bank premises and equipment (8,571,000) (4,259,000)
Proceeds from sales of bank premises and equipment 10,144,000 1,255,000
Proceeds from sales of other real estate owned 6,237,000 6,320,000
Net cash used in investing activities (280,695,000) (960,688,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 263,524,000 703,414,000
Net increase in savings and interest bearing demand deposits 70,287,000 461,049,000
Net decrease in time deposits (8,436,000) (9,554,000)
Net increase in securities sold under repurchase agreements 73,696,000 2,382,000
Net decrease in other borrowed funds (96,000) (94,000)
Purchase of treasury stock (40,549,000) (48,000)
Proceeds from stock transactions 387,000 1,996,000
Payments of cash dividends (38,026,000) (34,813,000)
Net cash provided by financing activities 320,787,000 1,124,332,000
Increase in cash and cash equivalents 207,474,000 329,642,000
Cash and cash equivalents at beginning of period 3,209,242,000 1,997,238,000
Cash and cash equivalents at end of period 3,416,716,000 2,326,880,000
Supplemental cash flow information:    
Interest paid 12,701,000 13,991,000
Income taxes paid 3,643,000 16,130,000
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 1,277,000 $ 16,587,000
Net transfers from bank premises and equipment to other assets $ 2,476,000