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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Interest and dividends received $ 95,475 $ 105,673
Service charges and other fees received 8,636 9,644
Interest paid (1,859) (4,589)
Net cash paid to vendors, employees and others (56,221) (35,201)
Income taxes 907 0
Net cash provided by operating activities 46,938 75,527
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions 15,815 (20,868)
Proceeds from repayment of investment securities available-for-sale 224,104 92,519
Proceeds from maturity of investment securities available-for-sale 0 2,390
Purchases of investment securities available-for-sale (661,857) 0
Proceeds from repayment and maturity of investment securities held-to-maturity 35,766 33,297
Purchases of investment securities held-to-maturity (545,681) (1,509)
Net increase in equity investments (4,961) (2,985)
Net decrease in loan and lease finance receivables 64,167 103,890
Proceeds from sale of building, net of selling costs 1,157 0
Purchase of premises and equipment (662) (882)
Proceeds from BOLI death benefit 5,062 138
Proceeds from sales of other real estate owned 2,216 0
Net cash (used in) provided by investing activities (864,874) 205,990
Cash Flows from Financing Activities    
Net increase in other deposits 336,518 403,546
Net increase in time deposits 5,636 5,130
Net increase (decrease) in customer repurchase agreements 66,940 (59,744)
Cash dividends on common stock (24,408) (25,252)
Repurchase of common stock (502) (85,018)
Proceeds from exercise of stock options 891 42
Net cash provided by financing activities 385,075 238,704
Net (decrease) increase in cash and cash equivalents (432,861) 520,221
Cash and cash equivalents, beginning of period 1,958,160 185,518
Cash and cash equivalents, end of period 1,525,299 705,739
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 63,893 37,980
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of building, net (189) 0
Gain on sale of other real estate owned (399) 0
Increase in BOLI (4,624) (1,344)
Net amortization of premiums and discounts on investment securities 6,411 2,620
Accretion of discount for acquired loans, net (4,028) (4,776)
(Recapture of) provision for credit losses (19,500) 12,000
Stock-based compensation 1,282 1,617
Depreciation and amortization, net (3,526) 5,176
Change in other assets and liabilities 7,618 22,254
Total adjustments (16,955) 37,547
Net cash provided by operating activities 46,938 75,527
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled $ 80,973 $ 0