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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 46,852 $ 66,679  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 25,000 0  
Provision for losses on other real estate owned 336 72  
Deferred tax provision (149) 4,333  
Depreciation and amortization 1,797 1,626  
Amortization of right-of-use asset 2,115 2,071  
Change in operating lease liabilities (1,083) (1,802)  
Net (gains)/loss on sale and transfer of other real estate owned (4,538) 19  
Net gains on sale of loans (3) 0  
Proceeds from sales of loans 239 0  
Originations of loans held for sale (236) 0  
Amortization on alternative energy partnerships, venture capital and other investments 13,923 10,812  
Net gain on sales and calls of securities (6) 0  
Amortization/accretion of security premiums/discounts, net 1,676 439  
Unrealized loss/(gain) on equity securities 6,102 (4,163)  
Stock based compensation and stock issued to officers as compensation 1,543 1,534  
Net change in accrued interest receivable and other assets 4,126 14,787  
Net change in other liabilities (2,661) (9,209)  
Net cash provided by operating activities 95,033 87,198  
Cash Flows from Investing Activities      
Purchase of investment securities available-for-sale (89,989) (154,924)  
Proceeds from sale of investment securities available-for-sale 74,935 0  
Proceeds from sale of equity securities 3,113 0  
Proceeds from repayments, maturities and calls of investment securities available-for-sale 126,878 74,637  
Purchase of Federal Home Loan Bank stock 0 (975)  
Redemptions of Federal Home Loan Bank stock 840 975  
Net increase in loans (458,616) (281,193)  
Purchase of premises and equipment (867) (1,502)  
Proceeds from sales of other real estate owned 881 61  
Net increase in investment in affordable housing and alternative energy partnerships (18,696) (10,744)  
Net cash used for investing activities (361,521) (373,665)  
Cash Flows from Financing Activities      
Net increase in deposits 397,669 383,883  
Advances from Federal Home Loan Bank 1,065,000 1,910,000  
Repayment of Federal Home Loan Bank borrowings (1,240,000) (2,020,000)  
Cash dividends paid (24,659) (24,967)  
Repayment of other borrowings 58 (15,000)  
Purchases of treasury stock (12,880) (8,601)  
Repayment of short-term borrowings (12,785) 0  
Proceeds from shares issued under Dividend Reinvestment Plan 846 835  
Taxes paid related to net share settlement of RSUs (523) (1,593)  
Net cash provided by financing activities 172,726 224,557  
Decrease in cash, cash equivalents, and restricted cash (93,762) (61,910)  
Cash, cash equivalents, and restricted cash, beginning of the period 593,778 600,290 $ 600,290
Cash, cash equivalents, and restricted cash, end of the period 500,016 538,380 $ 593,778
Supplemental disclosure of cash flow information      
Interest 51,248 41,754  
Income taxes paid 2,642 2,500  
Non-cash investing and financing activities:      
Net change in unrealized holding loss on securities available-for-sale, net of tax 11,853 8,799  
Net change in unrealized holding loss on cash flow hedge derivatives $ (4,278) $ (1,224)