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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Interest and dividends received $ 301,634 $ 331,953
Service charges and other fees received 29,918 31,441
Interest paid (10,975) (16,155)
Net cash paid to vendors, employees and others (136,948) (140,482)
Income taxes (45,610) (59,347)
Net cash provided by operating activities 138,019 147,410
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions (41,436) 1,997
Proceeds from sale of investment securities held-for-sale 0 152,644
Proceeds from repayment of investment securities available-for-sale 426,684 268,766
Proceeds from maturity of investment securities available-for-sale 3,506 6,059
Purchases of investment securities available-for-sale (870,934) (225,416)
Proceeds from repayment and maturity of investment securities held-to-maturity 106,491 81,001
Purchases of investment securities held-to-maturity (11,210) (42,917)
Net increase in equity investments (2,890) (3,511)
Net (increase) decrease in loan and lease finance receivables (815,151) 289,490
Proceeds on eminent domain condemnation, net 0 5,685
Proceeds from sale of building, net of selling costs 2,131 5,487
Purchase of premises and equipment (2,444) (3,061)
Proceeds from BOLI death benefit 4,589 1,509
Proceeds from sales of other real estate owned 0 523
Net cash (used in) provided by investing activities (1,200,664) 538,256
Cash Flows from Financing Activities    
Net increase in other deposits 2,465,066 37,061
Net decrease in time deposits (1,160) (70,221)
Net increase (decrease) in other borrowings 10,000 (275,086)
Net increase (decrease) in customer repurchase agreements 54,761 (34,405)
Cash dividends on common stock (74,068) (70,092)
Repurchase of common stock (92,687) (1,535)
Proceeds from exercise of stock options 168 2,212
Net cash provided by (used in) financing activities 2,362,080 (412,066)
Net increase in cash and cash equivalents 1,299,435 273,600
Cash and cash equivalents, beginning of period 185,518 163,948
Cash and cash equivalents, end of period 1,484,953 437,548
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 127,103 156,546
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of investment securities, net 0 (5)
Gain on eminent domain condemnation, net 0 (5,685)
Gain on sale of building, net (1,680) (4,545)
Gain on sale of other real estate owned 0 (105)
Increase in BOLI (4,028) (5,592)
Net amortization of premiums and discounts on investment securities 10,181 7,593
Accretion of discount for acquired loans, net (13,106) (22,369)
Provision for credit losses 23,500 5,000
Valuation allowance on other real estate owned 700 0
Stock-based compensation 4,373 3,792
Depreciation and amortization, net 2,173 16,993
Change in other assets and liabilities (11,197) (4,213)
Total adjustments 10,916 (9,136)
Net cash provided by operating activities 138,019 147,410
Supplemental Disclosure of Non-cash Investing Activities    
Transfer of loans to other real estate owned $ 0 $ 9,450