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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net income $ 22,640 $ 56,276
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 8,594 6,443
Amortization of other intangible assets 3,776 4,472
Amortization of tax credit investments 5,515 260
Net premium amortization on investment securities 5,146 3,154
Accretion income related to acquired loans (6,649) (8,668)
Share-based compensation expense 2,748 1,800
Excess tax (benefit) expense on share-based compensation (818) (1,013)
Provision for loan losses [1] 16,950 1,043
Debt securities (gains) losses, net (5,174) 103
Net (gains) losses on sales of loans and other assets 11,826 (1,564)
Increase in cash surrender value of company-owned life insurance (3,080) (3,188)
Residential real estate loans originated for sale (223,961) (94,632)
Proceeds from sales of residential real estate loans 219,626 97,010
(Increase) decrease in interest receivable 7,313 3,184
(Increase) decrease in other assets (87,826) 13,618
Increase (decrease) in accrued expenses and other liabilities 2,242 (45,288)
Net cash flows provided by (used in) operating activities (21,132) 33,010
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (446,819) (530,677)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (10,025) (14,439)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 436,742 145,356
Proceeds from sales of investment securities available-for-sale 236,410 8,681
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 0 21,689
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 11 19
Proceeds from sales of equity securities 133 130
Loan originations and payments, net (262,497) 182,638
Proceeds from company-owned life insurance death benefits 1,899 2,861
Proceeds from sales of premises and equipment and other assets 0 84
Purchases of premises and equipment and other assets (7,938) (11,684)
Net cash flows provided by (used in) investing activities (52,084) (195,342)
Net increase (decrease) in:    
Deposits (248,035) 79,321
Federal funds purchased and interbank borrowings 210,356 54,895
Securities sold under agreements to repurchase (9,715) (19,814)
Other borrowings (7,339) 3,650
Payments for maturities of Federal Home Loan Bank advances (200,005) (325,070)
Proceeds from Federal Home Loan Bank advances 500,000 425,000
Cash dividends paid on common stock (23,535) (22,812)
Common stock repurchased (81,822) (27,297)
Proceeds from exercise of stock options 0 280
Common stock issued 151 130
Net cash flows provided by (used in) financing activities 140,056 168,283
Net increase (decrease) in cash and cash equivalents 66,840 5,951
Cash and cash equivalents at beginning of period 276,337 317,165
Cash and cash equivalents at end of period 343,177 323,116
Supplemental cash flow information:    
Total interest paid 26,387 33,779
Total taxes paid (net of refunds) 1,212 150
Investment securities purchased but not settled 102,459 10,912
Operating lease right-of-use assets obtained in exchange for lease obligations (310)  
Operating lease right-of-use assets obtained in exchange for lease obligations   117,739
Finance lease right-of-use assets obtained in exchange for lease obligations $ 0 $ 7,542
[1] Net income per common share - basic