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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net income $ 74,345 $ 119,240
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 15,053 13,171
Amortization of other intangible assets 7,388 8,797
Amortization of tax credit investments 5,802 828
Net premium amortization on investment securities 10,145 6,852
Accretion income related to acquired loans (12,406) (20,257)
Share-based compensation expense 4,228 3,746
Excess tax (benefit) expense on share-based compensation (734) (1,053)
Provision for loan losses [1] 39,495 2,046
Debt securities (gains) losses, net (5,685) (1,062)
Net (gains) losses on sales of loans and other assets 7,760 227
Increase in cash surrender value of company-owned life insurance (6,048) (5,899)
Residential real estate loans originated for sale (672,393) (282,134)
Proceeds from sales of residential real estate loans 602,671 263,028
(Increase) decrease in interest receivable 737 (1,079)
(Increase) decrease in other assets (87,642) 12,344
Increase (decrease) in accrued expenses and other liabilities (19,284) (45,426)
Net cash flows provided by (used in) operating activities (36,568) 73,369
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (1,154,055) (1,038,437)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (10,025) (14,439)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 948,093 335,035
Proceeds from sales of investment securities available-for-sale 256,438 267,632
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 0 35,958
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 21 19
Proceeds from sales of equity securities 956 130
Loan originations and payments, net (1,488,360) 216,356
Proceeds from company-owned life insurance death benefits 1,899 4,374
Proceeds from sales of premises and equipment and other assets 6,363 2,534
Purchases of premises and equipment and other assets (18,714) (24,002)
Net cash flows provided by (used in) investing activities (1,457,384) (214,840)
Net increase (decrease) in:    
Deposits 1,766,049 13,152
Federal funds purchased and interbank borrowings (349,613) 139,901
Securities sold under agreements to repurchase 39,962 (27,754)
Other borrowings (5,407) 3,864
Payments for maturities of Federal Home Loan Bank advances (250,005) (325,999)
Proceeds from Federal Home Loan Bank advances 455,770 425,000
Cash dividends paid on common stock (46,648) (45,288)
Common stock repurchased (82,295) (58,142)
Proceeds from exercise of stock options 0 280
Common stock issued 296 278
Net cash flows provided by (used in) financing activities 1,528,109 125,292
Net increase (decrease) in cash and cash equivalents 34,157 (16,179)
Cash and cash equivalents at beginning of period 276,337 317,165
Cash and cash equivalents at end of period 310,494 300,986
Supplemental cash flow information:    
Total interest paid 42,278 66,419
Total taxes paid (net of refunds) 1,999 1,204
Investment securities purchased but not settled 36,681 1,424
Operating lease right-of-use assets obtained in exchange for lease obligations (992)  
Operating lease right-of-use assets obtained in exchange for lease obligations   117,751
Finance lease right-of-use assets obtained in exchange for lease obligations $ 5,225 $ 7,871
[1] Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on incurred loss methodology.