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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net income $ 91,928,000 $ 101,237,000
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation 8,304,000 8,709,000
Deferred income/expense, net of amortization (3,422,000) (21,100,000)
Capitalized loan servicing rights, net of amortization (282,000) (321,000)
Amortization of core deposit intangibles 2,849,000 3,422,000
Gain on sale of securities, net (467,000) (562,000)
Net change in valuation of financial instruments carried at fair value (118,000) (117,000)
Gain on sale of branches, including related deposits (7,804,000) 0
Decrease in deferred taxes (5,469,000) (5,772,000)
Increase in current taxes payable 11,935,000 365,000
Stock-based compensation 4,417,000 4,651,000
Net change in cash surrender value of BOLI (3,176,000) (2,247,000)
Gain on sale of loans, excluding capitalized servicing rights (4,370,000) (14,904,000)
Gain on disposal of real estate held for sale and property and equipment, net (65,000) (1,765,000)
Recapture of provision for credit losses (2,427,000) (19,507,000)
Loss on extinguishment of debt 765,000 0
Origination of loans held for sale (299,105,000) (504,319,000)
Proceeds from sales of loans held for sale 314,427,000 691,277,000
Net change in:    
Other assets (22,956,000) (375,000)
Other liabilities 19,475,000 69,508,000
Net cash provided from operating activities 115,377,000 319,724,000
INVESTING ACTIVITIES:    
Purchases of securities—available-for-sale 469,135,000 1,875,578,000
Principal repayments and maturities of securities—available-for-sale 204,222,000 826,609,000
Proceeds from sales of securities—available-for-sale 24,491,000 51,495,000
Purchases of securities—held-to-maturity (194,897,000) (52,440,000)
Principal repayments and maturities of securities—held-to-maturity 26,052,000 17,142,000
Purchases of equity securities 0 (4,750,000)
Proceeds from sales of equity securities 0 4,796,000
Loan (originations) repayments, net (279,298,000) 209,844,000
Purchases of loans and participating interest in loans (75,919,000) (33,000)
Proceeds from sales of other loans 9,962,000 31,297,000
Net cash received (paid) related to branch divestitures (168,137,000) 0
Purchases of property and equipment (7,414,000) (5,198,000)
Proceeds from sale of real estate held for sale and sale of other property 5,870,000 7,255,000
Proceeds from FHLB stock repurchase program 2,000,000 2,358,000
Purchase of securities purchased under agreements to resell 0 (300,000,000)
Investment in bank-owned life insurance (50,043,000) (47,000)
Other 3,601,000 1,381,000
Net cash used by investing activities (968,645,000) (1,085,869,000)
FINANCING ACTIVITIES:    
Increase in deposits, net 63,833,000 1,069,412,000
Repayment of long term FHLB advances 50,000,000 50,000,000
(Decrease) increase in other borrowings, net (29,752,000) 52,950,000
Repayment of junior subordinated debentures (50,518,000) 0
Proceeds from redemption of trust securities related to junior subordinated debentures 1,518,000 0
Cash dividends paid (30,967,000) (29,393,000)
Cash paid for repurchase of common stock 10,960,000 39,879,000
Taxes paid related to net share settlement of equity awards 3,339,000 3,197,000
Net Cash Provided by (Used in) Financing Activities, Total (110,185,000) 999,893,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (963,453,000) 233,748,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,134,300,000 1,234,183,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,170,847,000 1,467,931,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid in cash 8,704,000 13,339,000
Tax paid (refunds received) 1,540,000 (15,975,000)
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Transfer of loans to real estate owned and other repossessed assets 0 423,000
Dividends Payable 816,000 1,011,000
Fair Value of Assets Acquired (1,539,000) 0
Liabilities Assumed $ (178,209,000) $ 0