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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 166,068,000 $ 175,892,000 $ 83,651,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) credit losses 23,788,000 (1,668,000) 86,850,000
Depreciation, amortization and accretion 42,744,000 47,350,000 34,633,000
Deferred income tax expense (benefit) 2,280,000 11,411,000 (13,662,000)
Proceeds from sale of mortgage servicing rights 18,525,000 0 0
Gain on sale of mortgage servicing rights (2,960,000) 0 0
Funding of mortgage loans held for sale (1,679,356,000) (4,059,927,000) (4,479,421,000)
Proceeds from sales of mortgage loans held for sale 2,043,360,000 4,116,106,000 4,530,328,000
Gains on sales of mortgage loans held for sale (15,803,000) (82,399,000) (150,406,000)
Valuation adjustment to mortgage servicing rights 0 (13,561,000) 11,726,000
Gains on sales of securities 0 (2,170,000) (46,000)
Debt prepayment penalty 0 6,123,000 121,000
(Gains) losses on sales of premises and equipment (239,000) (840,000) 38,000
Stock-based compensation 11,505,000 10,074,000 10,577,000
Increase in other assets (29,671,000) (20,812,000) (59,224,000)
(Decrease) increase in other liabilities (6,196,000) (42,920,000) 27,077,000
Net cash provided by operating activities 574,045,000 142,659,000 82,242,000
Investing activities      
Purchases of securities available for sale (713,096,000) (2,107,934,000) (515,657,000)
Proceeds from sales of securities available for sale 0 176,455,000 44,906,000
Proceeds from call/maturities of securities available for sale 385,507,000 458,020,000 437,981,000
Purchases of securities held to maturity (91,803,000) (52,135,000) 0
Proceeds from call/maturities of securities held to maturity 67,448,000 2,246,000 0
Net (increase) decrease in loans (1,456,119,000) 910,063,000 (1,233,232,000)
Purchases of premises and equipment (14,838,000) (20,516,000) (28,270,000)
Proceeds from sales of premises and equipment 1,234,000 9,813,000 0
Purchase of bank-owned life insurance (80,000,000) (50,000,000) 0
Net change in FHLB stock (27,807,000) 3,980,000 18,840,000
Proceeds from sales of other assets 3,578,000 6,342,000 8,438,000
Net cash paid in acquisitions (120,888,000) 0 0
Other, net 3,127,000 3,663,000 1,446,000
Net cash used in investing activities (2,043,657,000) (660,003,000) (1,265,548,000)
Financing activities      
Net (decrease) increase in noninterest-bearing deposits (159,368,000) 1,033,076,000 1,133,278,000
Net (decrease) increase in interest-bearing deposits (259,390,000) 813,567,000 712,781,000
Net increase (decrease) in short-term borrowings 668,805,000 (7,393,000) (467,872,000)
Proceeds from long-term debt 0 197,061,000 98,266,000
Repayment of long-term debt (32,417,000) (202,873,000) (171,000)
Cash paid for dividends (49,991,000) (50,017,000) (50,134,000)
Repurchase of shares in connection with stock repurchase program 0 (21,315,000) (24,569,000)
Net cash provided by financing activities 167,639,000 1,762,106,000 1,401,579,000
Net (decrease) increase in cash and cash equivalents (1,301,973,000) 1,244,762,000 218,273,000
Cash and cash equivalents at beginning of year 1,877,965,000 633,203,000 414,930,000
Cash and cash equivalents at end of year 575,992,000 1,877,965,000 633,203,000
Supplemental disclosures      
Cash paid for interest 54,562,000 45,745,000 73,686,000
Cash paid for income taxes 41,764,000 50,977,000 39,989,000
Noncash transactions:      
Transfers of loans to other real estate 2,207,000 3,180,000 8,588,000
Financed sales of other real estate owned 0 577,000 148,000
Recognition of operating right-of-use assets 3,475,000 8,142,000 9,393,000
Recognition of operating lease liabilities 3,475,000 8,142,000 9,393,000
Available for sale securities transferred to held to maturity securities $ 882,927,000 $ 366,886,000 $ 0