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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 286,981 $ 275,497 $ 178,040
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 28,021 (14,600) 76,920
Depreciation and amortization of premises and equipment 30,201 28,802 28,803
Net amortization of investment securities premiums 12,824 16,031 12,222
Investment securities losses (gains), net 27 (33,516) (3,053)
Loss (gain) on sales of mortgage loans held for sale (8,816) (24,379) (53,599)
Proceeds from sales of mortgage loans held for sale 455,607 1,050,943 1,536,174
Originations of mortgage loans held for sale (418,287) (978,446) (1,528,633)
Intangible amortization 1,731 589 529
Amortization of issuance costs and discounts on long-term borrowings 724 1,846 1,128
Debt extinguishment costs 0 33,249 2,877
Stock-based compensation 14,000 8,402 7,529
Increase (Decrease) in Deferred Income Taxes (117,849) (417) (29,173)
Change in life insurance cash surrender value (92,228) (90,105) (26,348)
Other changes, net 405,331 68,376 (46,051)
Total adjustments 311,285 66,775 (20,675)
Net cash provided by (used in) operating activities 598,266 342,272 157,365
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of AFS securities 196,411 359,137 215,150
Proceeds from principal repayments and maturities of AFS securities 583,444 469,393 430,845
Proceeds from principal repayments and maturities of HTM securities 109,759 117,958 93,823
Purchase of AFS securities (845,744) (1,309,470) (1,134,380)
Purchase of HTM securities (30,959) (443,081) 0
Sale of Visa Shares 0 33,962 0
Decrease (increase) of FRB and FHLB stock (72,551) 34,494 5,293
Net decrease (increase) in loans (1,407,289) 561,664 (2,072,831)
Net purchases of premises and equipment (21,246) (17,679) (20,237)
Net cash paid for acquisition (21,811) (1,982) (1,884)
Net change in tax credit investments (29,071) (18,363) (15,259)
Net cash provided by (used in) investing activities (1,539,058) (213,967) (2,499,480)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in demand and savings deposits (1,198,319) 1,315,139 3,951,905
Net increase (decrease) in time deposits (257,823) (580,847) (506,611)
Proceeds from (Repayments of) Short-Term Debt 1,629,870 (212,682) (132,277)
Repayments of Senior Debt 81,496 710,633 85,410
Proceeds from Issuance of Senior Long-Term Debt 0 0 375,000
Net proceeds from issuance of preferred stock 0 0 192,878
Net proceeds from issuance of common stock 7,876 7,437 7,375
Dividends paid (116,009) (112,028) (90,956)
Acquisition of treasury stock 0 (43,909) (39,748)
Net cash provided by (used in) financing activities (15,901) (337,523) 3,672,156
Net Increase in Cash and Cash Equivalents (956,693) (209,218) 1,330,041
Cash and Cash Equivalents at Beginning of Year 1,638,614 1,847,832 517,791
Cash and Cash Equivalents at End of Year 681,921 1,638,614 1,847,832
Cash paid during period for:      
Interest 80,019 63,047 112,140
Income taxes 32,669 27,870 16,190
Supplemental schedule of certain noncash activities      
Transfer of AFS securities to HTM securities $ 479,008 $ 376,165 $ 0