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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income $ 201,048 $ 115,928 $ 146,278
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation 17,345 18,130 17,282
Deferred income/expense, net of amortization (38,786) (15,040) (1,543)
Capitalized loan servicing rights, net of amortization (1,805) (894) 662
Amortization of core deposit intangibles 6,571 7,732 8,151
Gain on sale of securities, net (482) (1,012) (33)
Net change in valuation of financial instruments carried at fair value (4,616) 656 208
Reinvested dividends – equity securities 0 (353) 0
Decrease (increase) in deferred taxes 16,357 (13,963) 7,290
(Decrease) increase in current taxes payable (3,643) (2,193) 607
Stock-based compensation   9,168 7,142
Net change in cash surrender value of BOLI (4,685) (5,030) (4,246)
Gain on sale of loans, excluding capitalized servicing rights (26,140) (43,304) (15,993)
(Gain) loss on disposal of real estate held for sale and property and equipment, net (2,305) 859 1,075
(RECAPTURE)/PROVISION FOR CREDIT LOSSES (33,388) 67,875 10,000
Provision for losses on real estate held for sale 0 45 0
Loss on extinguishment of debt 2,284 0 735
Origination of loans held for sale (1,102,663) (1,461,872) (1,094,237)
Proceeds from sales of loans held for sale 1,276,111 1,471,828 1,070,814
Net change in:      
Other assets 2,200 (27,559) (10,171)
Other liabilities (11,083) 4,385 5,588
Net cash provided from operating activities 301,578 125,386 149,609
INVESTING ACTIVITIES:      
Purchases of securities—available-for-sale (2,805,251) (1,361,132) (277,503)
Principal repayments and maturities of securities—available-for-sale 1,314,484 474,876 321,510
Proceeds from sales of securities—available-for-sale 83,663 150,374 86,083
Purchases of securities—held-to-maturity (135,615) (222,094) (54,850)
Principal repayments and maturities of securities—held-to-maturity 32,487 33,848 50,962
Purchases of equity securities (4,750) (1,060,000) 0
Proceeds from sales of equity securities 4,796 1,060,695 0
Loan repayments (originations), net 795,892 (561,338) (304,191)
Purchases of loans and participating interest in loans (5,086) (2,510) (9,798)
Proceeds from sales of other loans 46,028 19,469 27,560
Net cash received related to branch divestitures 0 0 26,944
Purchases of property and equipment (10,493) (12,803) (24,700)
Proceeds from sale of real estate held for sale and sale of other property 11,759 8,893 7,815
Proceeds from FHLB stock repurchase program 4,358 52,169 175,998
Purchase of FHLB stock 0 (40,185) (170,380)
Purchase of securities purchased under agreements to resell (300,000) 0 0
Investment in bank-owned life insurance (50,053) (83) (75)
Other 2,355 5,197 1,511
Net cash used by investing activities (1,015,426) (1,454,624) (143,114)
FINANCING ACTIVITIES:      
Increase in deposits, net 1,759,638 2,518,654 272,625
Proceeds from FHLB advances 0 0 450,000
Repayment of long term FHLB borrowing (100,000) 0 (281,150)
Repayments of overnight and short-term FHLB borrowings, net 0 (300,000) (300,000)
Increase (decrease) in other borrowings, net 79,704 66,311 (520)
Net proceeds from issuance of subordinated notes 0 98,027 0
Repayment of junior subordinated debentures (8,248) 0 0
Proceeds from redemption of trust securities related to junior subordinated debentures 248 0 0
Cash dividends paid (57,621) (94,078) (56,074)
Cash paid for repurchase of common stock (56,528) (31,775) (53,922)
Taxes paid related to net share settlement for equity awards (3,228) (1,453) (1,915)
Net cash provided from financing activities 1,613,965 2,255,686 29,044
NET CHANGE IN CASH AND CASH EQUIVALENTS 900,117 926,448 35,539
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 1,234,183 307,735 272,196
CASH AND CASH EQUIVALENTS, END OF YEAR 2,134,300 1,234,183 307,735
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest paid in cash 24,278 40,942 58,239
Taxes paid in cash 29,017 39,672 27,329
NON-CASH INVESTING AND FINANCING TRANSACTIONS:      
Transfer of loans to real estate owned and other repossessed assets 512 1,602 303
Dividends accrued but not paid until after period end 1,338 1,357 51,199
ACQUISITIONS (DISPOSITIONS):      
Assets acquired 0 0  
Assets Disposed     426,609
Liabilities assumed $ 0 $ 0  
Liabilities assumed     $ 373,016