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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income $ 181,272 $ 159,909
Adjustments to reconcile net income to net cash provided by operating activities    
Recapture for credit losses (450) (6,300)
Stock-based compensation expense 12,059 10,835
Depreciation, amortization and accretion 35,971 11,383
Investment securities gain, net 0 314
Net realized gain on sale of premises and equipment and loans held for investment 4,985 268
Net realized loss on sale and valuation adjustments of OREO (181) (40)
Gain on bank owned life insurance death benefit 610 209
Originations of loans held for sale 105,392 263,367
Proceeds from sales of loans held for sale 113,698 278,187
Change in fair value of loans held for sale 217 306
Net change in:    
Interest receivable (5,633) 1,945
Interest payable (79) (52)
Other assets (27,620) 15,761
Other liabilities 25,088 (18,755)
Net cash provided by operating activities 223,717 189,101
Cash Flows From Investing Activities    
Loans originated, net of principal collected (1,069,862) 108,551
Investment in low income housing tax credit partnerships (1,229) (1,106)
Purchases of Debt Securities, Available-for-sale 185,800 2,408,578
Purchases of debt securities held to maturity (97,658) (112,372)
Purchases of loans held for investment 0 176,545
Purchases of premises and equipment (5,557) (4,334)
Payments to Acquire Federal Home Loan Bank Stock 7,441 1
Proceeds from Sale of Debt Securities, Available-for-sale 0 26,914
Proceeds from principal repayments and maturities of debt securities available for sale 613,046 586,288
Proceeds from repayments and maturities of securities held to maturity 149,562 42,653
Proceeds from sales of premises and equipment 36,973 4,287
Proceeds from redemption of Federal Home Loan Bank stock 7,161 1
Proceeds from sales of other real estate and other personal property owned 200 132
Proceeds from bank owned life insurance death benefit 1,108 671
Net cash used in investing activities (559,497) (1,933,439)
Cash Flows From Financing Activities    
Net increase (decrease) in deposits (68,238) 2,083,537
Net decrease in sweep repurchase agreements (37,280) (33,819)
Proceeds from FHLB advances 186,030 20
Proceeds from FRB borrowings 30 10
Proceeds from employee stock purchase plan 2,110 2,351
Repayment of FHLB advances (179,030) (20)
Repayment of FRB borrowings (30) (10)
Payments of Common Stock Dividends 70,876 59,922
Payments for purchase and retirement of common stock 3,975 4,100
Net cash provided by (used in) financing activities (171,259) 1,988,047
Increase (decrease) in cash and cash equivalents (507,039) 243,709
Cash and cash equivalents at beginning of period 824,714 653,766
Cash and cash equivalents at end of period 317,675 897,475
Supplemental Information:    
Cash paid for interest 10,282 6,085
Income Taxes Paid, Net 48,952 45,122
Non-cash investing and financing activities    
Securities transfer from AFS to HTM, fair value 0 2,012,123
Premises and equipment expenditures incurred but not yet paid 51 87
Change in dividends payable included in other liabilities $ (151) $ 23,927