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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES:    
Net income $ 69,984 $ 62,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization on investment securities 805 1,154
Net accretion on loans and amortization of core deposit intangible and operating lease components (12,650) (3,261)
Unrealized losses on equity securities with readily determinable fair value 505 118
Depreciation of premises and equipment 6,747 7,420
Amortization of mortgage servicing rights 2,617 2,701
Impairment of mortgage servicing rights (500) 500
Provision for on-balance sheet exposures for continuing operations 4,381 15,555
Provision for on-balance sheet exposures for discontinued operations 7,850 15,239
Provision for off-balance sheet exposures (52) 467
Net gain on sale of mortgage loans held for sale (16,339) (25,030)
Origination of mortgage loans held for sale (525,246) (547,556)
Proceeds from sale of mortgage loans held for sale 562,661 546,950
Net gain on sale of consumer loans held for sale (7,889) (3,751)
Origination of consumer loans held for sale (561,062) (391,688)
Proceeds from sale of consumer loans held for sale 558,972 395,791
Net gain realized on sale of other real estate owned (51) (43)
Writedowns of other real estate owned 158 53
Deferred compensation expense - Class A Common Stock 808 640
Stock-based awards and ESPP expense - Class A Common Stock 1,178 445
Net gain on sale of bank premises and equipment (399) (353)
Increase in cash surrender value of bank owned life insurance (1,616) (1,184)
Net change in other assets and liabilities:    
Accrued interest receivable 3,573 810
Accrued interest payable (162) (2,074)
Other assets (4,743) (13,126)
Other liabilities (1,381) (623)
Net cash provided by operating activities 88,149 62,044
INVESTING ACTIVITIES:    
Purchases of available-for-sale debt securities (141,571) (278,878)
Proceeds from calls, maturities and paydowns of available-for-sale debt securities 164,280 207,397
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities 8,444 7,952
Net change in outstanding warehouse lines of credit 212,114 (311,217)
Net change in other loans from continuing operations 235,993 (282,185)
Net change in loans from discontinued operations 23,717 14,132
Proceeds from redemption of Federal Home Loan Bank stock 7,086 20,197
Purchase of Federal Home Loan Bank stock   (9,000)
Proceeds from sales of other real estate owned 611 156
Proceeds from sale of bank premises and equipment 637 894
Purchase of bank owned life insurance (30,000)  
Net purchases of premises and equipment (4,972) (2,711)
Net cash provided by (used in) investing activities 476,339 (633,263)
FINANCING ACTIVITIES:    
Net change in deposits from continuing operations 200,580 1,153,770
Net change in deposits from discontinued operations 14,186 52,551
Net change in securities sold under agreements to repurchase and other short-term borrowings 49,557 (41,445)
Payments of Federal Home Loan Bank advances (235,000) (1,067,500)
Proceeds from Federal Home Loan Bank advances 25,000 450,000
Payoff of subordinated note, net of common security interest (40,000)  
Repurchase of Class A Common Stock (34,907) (2,852)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan 435 461
Net proceeds from option exercises and equity awards vested - Class A Common Stock (142) 251
Cash dividends paid (18,537) (17,292)
Net cash (used in) provided by financing activities (38,828) 527,944
NET CHANGE IN CASH AND CASH EQUIVALENTS 525,660 (43,275)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 485,587 385,303
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,011,247 342,028
Cash paid during the period for:    
Interest 4,790 19,167
Income taxes 16,736 16,204
SUPPLEMENTAL NONCASH DISCLOSURES:    
Mortgage servicing rights capitalized 3,889 3,987
Transfers from loans to real estate acquired in settlement of loans 64 2,109
Transfers from loans held for investment to held for sale 24  
Unfunded commitments in low-income-housing investments   10,000
Right-of-use assets recorded $ 263 14,144
Allowance for credit losses recorded upon adoption of ASC 326   $ 7,241