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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 19,606,000 $ 46,058,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 39,532,000 10,444,000
Depreciation of premises, furniture, and equipment 4,169,000 4,050,000
Net amortization of premium on securities 5,727,000 2,672,000
Net securities losses 1,005,000 0
Gains on sales of 1-4 family mortgages and corporate loans held-for-sale (2,629,000) (1,410,000)
Net losses (gains) on sales and valuation adjustments of OREO 128,000 (792,000)
Amortization of the FDIC indemnification asset 302,000 302,000
Net losses on sales and valuation adjustments of premises, furniture, and equipment 105,000 391,000
BOLI income (1,982,000) (1,826,000)
Share-based compensation expense 3,922,000 3,679,000
Tax benefit related to share-based compensation 62,000 55,000
Amortization of other intangible assets 2,770,000 2,363,000
Originations of mortgage loans held-for-sale (104,694,000) (62,895,000)
Proceeds from sales of mortgage loans held-for-sale 119,159,000 58,783,000
Net decrease (increase) in equity securities 2,038,000 (2,498,000)
Net (increase) decrease in accrued interest receivable and other assets (114,028,000) 27,948,000
Net decrease in accrued interest payables and other liabilities (40,870,000) (37,870,000)
Net cash (used in) provided by operating activities (65,678,000) 49,454,000
Investing Activities    
Proceeds from maturities, repayments, and calls of securities available-for-sale 229,391,000 77,601,000
Proceeds from sales of securities available-for-sale 39,095,000 0
Purchases of securities available-for-sale (586,292,000) (131,707,000)
Proceeds from maturities, repayments, and calls of securities held-to-maturity 2,268,000 162,000
Purchases of securities held-to-maturity (16,000) (2,828,000)
Net purchases of FHLB stock (38,948,000) (5,488,000)
Net increase in loans (373,138,000) (131,221,000)
Premiums paid on BOLI, net of proceeds from claims 2,003,000 2,660,000
Proceeds from sales of OREO 230,000 2,795,000
Proceeds from sales of premises, furniture, and equipment 0 557,000
Purchases of premises, furniture, and equipment (3,168,000) (5,081,000)
Net cash received from (paid for) acquisition 142,282,000 (11,489,000)
Net cash used in investing activities (586,293,000) (204,039,000)
Financing Activities    
Net (decrease) increase in deposit accounts (102,404,000) 76,870,000
Net increase in borrowed funds 977,920,000 67,773,000
Repurchases of common stock (22,557,000) 0
Cash dividends paid (15,431,000) (12,782,000)
Restricted stock activity (3,166,000) (3,775,000)
Net cash provided by financing activities 834,362,000 128,086,000
Net increase (decrease) in cash and cash equivalents 182,391,000 (26,499,000)
Cash and cash equivalents at beginning of period 299,221,000 289,258,000
Cash and cash equivalents at end of period 481,612,000 262,759,000
Supplemental Disclosures of Cash Flow Information:    
Income taxes paid 1,029,000 321,000
Interest paid to depositors and creditors 28,285,000 23,707,000
Dividends declared, but unpaid 15,854,000 12,728,000
Stock issued for acquisitions, net of issuance costs 71,883,000 3,284,000
Non-cash transfers of loans to OREO 121,000 0
Non-cash transfers of loans held-for-investment to loans held-for-sale 3,155,000 2,630,000
Non-cash recognition of right-of-use asset/liability $ 0 $ 143,561,000