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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 254,904 $ 238,167 $ 215,713
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 49,038 36,257 28,412
Provision for credit losses 74,973 43,240 38,148
Gain on sale of investments (54,806) (13,314) (61)
Net accretion of investment securities and assets (56,771) (53,619) (48,684)
Net amortization (accretion) on borrowings 541 394 (380)
Stock-based compensation expense 13,197 12,921 9,725
Gain on sale of premises and equipment, net of impairment (14) 0 0
Gain on sale of foreclosed assets and other real estate owned (391) (33) (650)
Gain on sale of mortgage loans held for sale (44,864) (20,064) (12,844)
Gain on sale of other intangibles (301) 0 0
Gain on sale of branches (8,094) 0 0
Loss (gain) on sale of loans 0 4,451 (10)
Gain on sale of Visa, Inc. class B common stock 0 (42,860)  
Fair value write-down of closed branches 434 0 836
Deferred income taxes (122) 34,911 8,412
Income from bank owned life insurance (7,206) (4,854) (5,003)
Originations of mortgage loans held for sale (1,206,818) (755,500) (546,676)
Proceeds from sale of mortgage loans held for sale 1,172,406 756,642 556,759
Changes in assets and liabilities:      
Interest receivable (10,846) 3,231 (6,227)
Other assets (7,480) 31,920 (35,113)
Accrued interest and other liabilities 50,508 (35,886) 33,978
Income taxes payable (15,745) 20,074 (9,355)
Net cash provided by operating activities 202,543 256,078 226,980
INVESTING ACTIVITIES      
Net collections (originations) of loans 1,327,248 23,806 (912,793)
Proceeds from sale of loans 49,736 104,587 24,977
Decrease (increase) in due from banks - time 2,975 1,130 (1,620)
Purchases of premises and equipment, net (13,272) (67,831) (29,740)
Proceeds from sale of premises and equipment 369 0 0
Proceeds from sale of foreclosed assets and other real estate owned 10,788 17,986 27,751
Proceeds from sale of available-for-sale securities 1,717,364 1,226,578 0
Proceeds from maturities of available-for-sale securities 2,346,930 793,270 258,182
Purchases of available-for-sale securities (4,140,963) (1,708,948) (784,113)
Proceeds from maturities of held-to-maturity securities 13,970 31,969 80,803
Purchases of held-to-maturity securities (308,854) 0 (1,172)
Proceeds from bank owned life insurance death benefits 2,018 2,435 1,814
Purchases of bank owned life insurance 0 0 (4,000)
Cash received in business combinations 0 178,260 0
Disposition of assets and liabilities held for sale 181,560 1,235 (55,211)
Net cash provided by (used in) investing activities 1,189,869 604,477 (1,395,122)
FINANCING ACTIVITIES      
Net change in deposits 1,086,713 (404,826) 1,305,877
Proceeds from issuance of subordinated notes and other borrowings 0 25,500 326,355
Repayments of subordinated debentures and subordinated debt (7,442) 0 (113,990)
Dividends paid on preferred stock (52) (339) 0
Dividends paid on common stock (74,593) (63,921) (55,646)
Net change in other borrowed funds 45,983 (240,806) (34,574)
Net change in federal funds purchased and securities sold under agreements to repurchase 148,966 40,207 (26,652)
Net shares (cancelled) issued under stock compensation plans (4,087) (2,389) 1,162
Shares issued under employee stock purchase plan 956 1,312 1,026
Repurchase of common stock (113,327) (10,128) 0
Retirement of preferred stock 0 (42,000) 0
Net cash provided by (used in) financing activities 1,083,117 (697,390) 1,403,558
INCREASE IN CASH EQUIVALENTS 2,475,529 163,165 235,416
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 996,623 833,458 598,042
CASH AND CASH EQUIVALENTS, END OF YEAR $ 3,472,152 $ 996,623 $ 833,458