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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 199,738 $ 157,870 $ 98,387
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 44,027 47,854 31,290
Depreciation of premises, furniture, and equipment 16,366 15,865 13,995
Net amortization of premium on securities 15,731 15,348 16,142
Net securities losses 0 0  
Net securities losses     1,876
Gains on sales of 1-4 family mortgages and corporate loans held-for-sale (9,992) (5,562) (7,078)
Net losses (gains) on sales and valuation adjustments of OREO 373 (347) 585
Amortization of the FDIC indemnification asset 1,208 1,208 1,208
Net losses (gains) on sales and valuation adjustments of premises, furniture, and equipment 879 5,227 (125)
BOLI income (8,394) (5,835) (5,946)
Net pension (income) cost (489) 1,447 981
Share-based compensation expense [1] 13,183 12,062 11,223
Tax benefit related to share-based compensation 364 258 349
Provision for deferred income tax expense (benefit) 10,944 26,309 (4,077)
Amortization of other intangible assets 10,481 7,444 7,865
Originations of mortgage loans held-for-sale (499,318) (224,303) (254,030)
Proceeds from sales of mortgage loans held-for-sale 474,384 245,967 258,626
Net (increase) decrease in equity securities (4,364) 964 0
Net increase in trading securities 0 0 (2,527)
Net (increase) decrease in accrued interest receivable and other assets (146,968) (44,246) 121,577
Net increase (decrease) in accrued interest payables and other liabilities 108,956 (4,346) (56,055)
Net cash provided by operating activities 227,109 253,184 234,266
Investing Activities      
Proceeds from maturities, repayments, and calls of securities available-for-sale 531,032 331,026 349,444
Proceeds from sales of securities available-for-sale 93,332 24,974 629,843
Purchases of securities available-for-sale (916,564) (735,701) (733,440)
Proceeds from maturities, repayments, and calls of securities held-to-maturity 4,460 3,584 8,546
Purchases of securities held-to-maturity (2,855) 0 (15)
Net purchases of FHLB stock (33,626) (10,040) (7,330)
Net increase in loans (719,676) (770,039) (457,501)
Proceeds from claims on BOLI, net of premiums paid 8,776   1,722
Proceeds from claims on BOLI, net of premiums paid   (49)  
Proceeds from sales of OREO 10,645 16,953 19,326
Proceeds from sales of premises, furniture, and equipment 4,145 4,561 18,031
Purchases of premises, furniture, and equipment (20,330) (27,800) (16,123)
Net cash (paid for) received from acquisitions (13,532)    
Net cash (paid for) received from acquisitions   160,145 41,717
Net cash used in investing activities (1,054,193) (1,002,386) (145,780)
Financing Activities      
Net increase in deposit accounts 180,412 567,627 200,848
Net increase (decrease) in borrowed funds 750,933 172,977  
Net increase (decrease) in borrowed funds     (164,124)
Repurchases of common stock 33,928 0 0
Cash dividends paid (56,540) (44,293) (37,129)
Restricted stock activity (3,830) (4,421) (3,659)
Net cash provided by (used in) financing activities 837,047 691,890 (4,064)
Net increase (decrease) in cash and cash equivalents 9,963 (57,312) 84,422
Cash and cash equivalents at beginning of year 289,258 346,570 262,148
Cash and cash equivalents at end of year 299,221 289,258 346,570
Supplemental Disclosures of Cash Flow Information:      
Income taxes paid (refunded) 48,899 (1,108) 15,191
Interest paid to depositors and creditors 109,760 60,569 36,424
Dividends declared, but unpaid 15,283 12,674 10,185
Common stock issued for acquisitions, net of issuance costs 101,496 83,303 534,090
Non-cash transfers of loans to OREO 944 6,027 6,255
Non-cash transfers of loans to other assets 13,175 0 0
Non-cash transfers of loans held-for-investment to loans held-for-sale 9,472 15,060 48,999
Non-cash transfer of trading securities and securities available-for-sale to equity securities 0 $ 27,855 $ 0
Non-cash recognition of right-of-use asset $ 143,561    
[1] Comprised of restricted stock, restricted stock unit, and performance share awards expense.