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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 47,268,000 $ 47,452,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 436,000 336,000
Provision for loan losses 1,947,000 3,021,000
Gain on sale of securities (124,000)  
Gain on sale of loans (20,059,000) (27,548,000)
Proceeds from sales of loans 20,483,906,000 13,387,330,000
Loans and participations originated and purchased for sale (22,133,767,000) (13,374,161,000)
Change in mortgage servicing rights for paydowns and fair value adjustments 10,492,000 1,854,000
Net change in:    
Trading securities (64,495,000) 66,721,000
Other assets and receivables (4,839,000) (4,718,000)
Other liabilities 9,979,000 3,441,000
Other 4,249,000 1,050,000
Net cash provided by (used in) operating activities (1,665,007,000) 104,778,000
Investing activities:    
Net change in securities purchased under agreements to resell 115,000 130,000
Purchases of available-for-sale securities (382,385,000) (36,284,000)
Proceeds from the sale of available-for-sale securities 31,083,000 6,431,000
Proceeds from calls, maturities and paydowns of available-for-sale securities 375,095,000 171,319,000
Purchases of loans (61,848,000) (112,219,000)
Net change in loans receivable (637,957,000) (403,900,000)
Purchase of Federal Home Loan Bank stock (14,085,000) (233,000)
Proceeds from sale of Federal Home Loan Bank stock 3,251,000 218,000
Proceeds from sale of assets   10,000
Purchases of premises and equipment (12,273,000) (5,440,000)
Purchases of mortgage servicing rights   (790,000)
Purchase of limited partnership interests   (3,005,000)
Cash received in acquisition of subsidiary   6,505,000
Other investing activities 124,000 (74,000)
Net cash used in investing activities (698,880,000) (377,332,000)
Financing activities:    
Net change in deposits 2,268,637,000 321,931,000
Proceeds from Federal Home Loan Bank borrowings 6,887,077,000 536,367,000
Repayment of Federal Home Loan Bank borrowings (6,899,275,000) (536,379,000)
Proceeds from notes payable 6,118,000 9,534,000
Payments on notes payable (29,700,000)  
Proceeds from issuance of preferred stock 192,958,000  
Redemption of preferred stock (21,850,000)  
Dividends (11,626,000) (7,662,000)
Net cash provided by financing activities 2,392,339,000 323,791,000
Net Change in Cash and Cash Equivalents 28,452,000 51,237,000
Cash and Cash Equivalents, Beginning of Period 336,524,000 359,519,000
Cash and Cash Equivalents, End of Period 364,976,000 410,756,000
Additional Cash Flows Information:    
Interest paid 54,522,000 31,694,000
Income taxes paid $ 13,871,000 13,023,000
The Company purchased all of the capital stock of FMBI on January 2, 2018 for $5,472. In conjunction with the acquisitions, liabilities were assumed as follows:    
Fair value of assets acquired   44,217,000
Cash paid for the capital stock/fair value common stock issued   5,472,000
Fair value of liabilities assumed   $ 38,745,000