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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 70,698 $ 82,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,080 5,872
Amortization of intangible assets 2,045 2,286
Provision for credit losses - expense (benefit) 15,502 (13,802)
Deferred income tax expense (benefit) 1,564 31,707
Stock-based compensation 2,075 1,182
Unrealized loss (gain) on derivative instruments 3 (618)
Net gain on disposals or sales, and impairments of premises and equipment and other assets (8) (26)
Net gain on sales of loans and valuation adjustments (766) (2,461)
Net amortization of discounts, premiums, and deferred loan fees and costs 283 (2,933)
Originations and purchases of loans held for sale (38,500) (86,802)
Sales and repayments of loans held for sale 34,836 93,739
Amortization of broker placement fees 44 35
Net amortization of premiums and discounts on investment securities 630 1,690
Decrease in accrued interest receivable 8,566 3,919
Increase (decrease) in accrued interest payable 3,752 (906)
(Increase) decrease in other assets 168 352
Increase (decrease) in other liabilities 9,443 (1,000)
Net cash provided by operating activities 115,415 114,834
Cash flows from investing activities:    
Net disbursements on loans held for investment (71,193) (48,370)
Proceeds from sales of loans held for investment 2,552 1,306
Proceeds from sales of repossessed assets 12,347 9,361
Purchases of available-for-sale securities 0 (497,327)
Proceeds from principal repayments and maturities of available-for-sale debt securities 113,218 208,397
Proceeds from principal repayments and maturities of held-to-maturity debt securities 6,652 400
Additions to premises and equipment (1,689) (6,764)
Proceeds from sales of premises and equipment and other assets 8 26
Net (purchases) redemptions of other investments securities (11,360) (21)
Net cash provided by (used in) investing activities 50,535 (332,992)
Cash flows from financing activities:    
Net decrease in deposits (92,354) (456,211)
Net proceeds from short-term borrowings 47,849 0
Repayments of long-term borrowings 0 (100,000)
Proceeds from long-term borrowings 300,000 0
Repurchase of outstanding common stock (53,217) (52,713)
Dividends paid on common stock (25,132) (19,727)
Net cash provided by (used in) financing activities 177,146 (628,651)
Net increase (decrease) in cash and cash equivalents 343,096 (846,809)
Cash and cash equivalents at beginning of year 480,505 2,543,058
Cash and cash equivalents at end of year 823,601 1,696,249
Cash and cash equivalents include:    
Cash and due from banks 822,542 1,694,066
Money market instruments 1,059 2,183
Cash and Cash Equivalents, at Carrying Value, Total $ 823,601 $ 1,696,249