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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 175,057 $ 256,412 $ 271,156
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 47,877 48,962 47,220
Provision for credit losses 42,028 14,074 (32,704)
Loss (gain) on sale of investments 20,609 278 (15,498)
Net amortization (accretion) of investment securities and assets 14,982 (39,031) (52,781)
Net amortization on borrowings 152 313 1,257
Stock-based compensation expense 12,189 15,317 15,868
Gain on sale of premises and equipment, net of impairment 0 0 (591)
Gain on sale of foreclosed assets and other real estate owned (182) (390) (932)
Gain on sale of mortgage loans held for sale (7,379) (7,945) (36,434)
Gain on sale of branches 0 0 (5,316)
Gain on sale of loans 0 (282) 0
Deferred income taxes (2,460) 14,933 10,937
Income from bank owned life insurance (12,905) (11,164) (9,477)
Loss from early retirement of TruPS 0 365 0
Originations of mortgage loans held for sale (262,901) (497,815) (1,034,716)
Proceeds from sale of mortgage loans held for sale 264,393 538,630 1,190,891
Changes in assets and liabilities:      
Interest receivable (19,538) (22,107) 4,423
Other assets 263,969 (7,214) (33,495)
Accrued interest and other liabilities (3,908) 10,417 (50,620)
Income taxes payable 8,996 8,445 8,592
Net cash provided by operating activities 540,979 322,198 277,780
INVESTING ACTIVITIES      
Net change in loans (786,775) (1,900,325)  
Net change in loans     2,333,893
Proceeds from sale of loans 69,760 73,746 28,033
Decrease in due from banks - time 695 1,087 292
Purchases of premises and equipment, net (33,086) (35,268) (47,861)
Proceeds from sale of premises and equipment 0 0 5,621
Proceeds from sale of foreclosed assets and other real estate owned 2,071 4,754 21,983
Proceeds from sale of available-for-sale securities 247,948 0 342,577
Proceeds from maturities of available-for-sale securities 302,802 1,137,923 1,001,669
Purchases of available-for-sale securities (7,518) (261,375) (5,266,148)
Proceeds from maturities of held-to-maturity securities 85,192 86,229 15,712
Purchases of held-to-maturity securities (68,368) (331,273) (708,580)
Proceeds from bank owned life insurance death benefits 3,686 1,873 3,814
Purchases of bank owned life insurance 0 0 (160,000)
Cash received in business combinations, net 0 276,396 25,425
Disposition of assets and liabilities held for sale 0 0 (134,166)
Net cash used in investing activities (183,593) (946,233) (2,537,736)
FINANCING ACTIVITIES      
Net change in deposits (302,747) 462,530 847,494
Repayments of subordinated debentures 0 (56,189) (1,563)
Dividends paid on preferred stock 0 0 (47)
Dividends paid on common stock (100,962) (94,096) (78,845)
Net change in other borrowed funds 113,070 (516,726) (80,254)
Net change in federal funds purchased and securities sold under agreements to repurchase (92,434) (25,000) (116,562)
Net shares (cancelled) issued under stock compensation plans (2,854) (5,033) 290
Shares issued under employee stock purchase plan 833 1,151 1,170
Repurchase of common stock (40,322) (111,133) (132,459)
Retirement of preferred stock 0 0 (767)
Net cash (used in) provided by financing activities (425,416) (344,496) 438,457
DECREASE IN CASH AND CASH EQUIVALENTS (68,030) (968,531) (1,821,499)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 682,122 1,650,653 3,472,152
CASH AND CASH EQUIVALENTS, END OF YEAR $ 614,092 $ 682,122 $ 1,650,653