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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flow From Operating Activities:    
Net income $ 116,630 $ 117,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,300 5,563
Depreciation and amortization 6,737 6,630
Change in deferred taxes (1,097) 3,750
Share-based compensation 2,887 2,546
Loans originated for sale (361,054) (277,312)
Proceeds from sales of loans held for sale 362,084 285,297
Gains on sales of loans held for sale (4,162) (3,791)
Gains on sales of securities available for sale (3,376) (4,016)
Increase in cash surrender of life insurance (3,060) (2,946)
Gains on life insurance benefits (19) (198)
Change in interest receivable (1,681) (1,401)
Change in interest payable 2,191 1,530
Other adjustments 18,149 3,077
Net cash provided by operating activities 136,529 136,155
Cash Flows from Investing Activities:    
Net change in interest-bearing deposits 88,090 (31,736)
Purchases of:    
Securities available for sale (435,804) (341,433)
Securities held to maturity (397,166) 0
Proceeds from sales of securities available for sale 102,840 126,136
Proceeds from maturities of:    
Securities available for sale 89,603 56,533
Securities held to maturity 67,791 52,258
Change in Federal Home Loan Bank stock 0 (763)
Net change in loans (352,716) (347,054)
Net cash and cash equivalents received in acquisition 10,207 0
Proceeds from the sale of other real estate owned 1,571 2,069
Proceeds from life insurance benefits 816 2,836
Other adjustments (6,064) 2,708
Net cash used in investing activities (830,832) (478,446)
Net change in :    
Demand and savings deposits 729,495 342,471
Certificates of deposit and other time deposits 175,437 118,151
Borrowings 535,239 1,451,467
Repayment of borrowings (626,971) (1,552,068)
Cash dividends on common stock (36,793) (30,732)
Stock issued under employee benefit plans 518 515
Stock issued under dividend reinvestment and stock purchase plans 1,109 879
Stock options exercised 121 1,093
Stock redeemed (1,675) (1,889)
Repurchase of common stock (19,041) 0
Net cash provided by financing activities 757,439 329,887
Net Change in Cash and Cash Equivalents 63,136 (12,404)
Cash and Cash Equivalents, January 1 139,247 154,905
Cash and Cash Equivalents, September 30 202,383 142,501
Additional cash flow information:    
Interest paid 78,260 46,788
Income tax paid (refunded) 19,335 13,719
Loans transferred to other real estate owned 6,902 405
Fixed assets transferred to other real estate owned 965 374
Non-cash investing activities using trade date accounting 13,893 828
Investments transferred from held to maturity to available for sale in accordance with ASU 2017-12 0 30,794
ROU assets obtained in exchange for new operating lease liabilities 23,496 0
In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired 1,450,741 0
Cash paid in acquisition (15) 0
Less: Common stock issued 229,926 0
Liabilities assumed $ 1,220,800 $ 0