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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities      
Net income $ 57,908,000 $ 2,008,000  
Adjustments to reconcile net income to net cash used in operating activities:      
Provision for loan losses 0 26,350,000  
Depreciation, amortization and accretion 10,059,000 4,937,000  
Deferred income tax expense (benefit) 5,542,000 (2,791,000)  
Funding of mortgage loans held for sale (1,143,349,000) (715,760,000)  
Proceeds from sales of mortgage loans held for sale 1,082,538,000 607,017,000  
Gains on sales of mortgage loans held for sale (33,901,000) (21,782,000)  
Valuation adjustment to mortgage servicing rights (13,561,000) 9,571,000 $ 11,726,000
Gains on sales of securities (1,357,000) 0  
Gains on sales of premises and equipment (22,000) 0  
Stock-based compensation expense 2,756,000 2,750,000  
Increase in other assets (11,800,000) (70,631,000)  
(Decrease) increase in other liabilities (11,601,000) 35,331,000  
Net cash used in operating activities (56,788,000) (123,000,000)  
Investing activities      
Purchases of securities available for sale (465,245,000) (123,670,000)  
Proceeds from sales of securities available for sale 155,391,000 0  
Proceeds from call/maturities of securities available for sale 95,382,000 76,269,000  
Net decrease (increase) in loans 243,250,000 (69,337,000)  
Purchases of premises and equipment (2,630,000) (1,941,000)  
Proceeds from sales of premises and equipment 34,000 0  
Net change in FHLB stock (24,000) (12,432,000)  
Proceeds from sales of other assets 1,962,000 770,000  
Other, net 1,346,000 0  
Net cash provided by (used in) investing activities 29,466,000 (130,341,000)  
Financing activities      
Net increase in noninterest-bearing deposits 450,312,000 90,289,000  
Net increase in interest-bearing deposits 227,515,000 109,115,000  
Net (decrease) increase in short-term borrowings (9,186,000) 313,946,000  
Repayment of long-term debt (42,000) (43,000)  
Cash paid for dividends (12,564,000) (12,555,000)  
Repurchase of shares in connection with stock repurchase program 0 (24,569,000)  
Net cash provided by financing activities 656,035,000 476,183,000  
Net increase in cash and cash equivalents 628,713,000 222,842,000  
Cash and cash equivalents at beginning of period 633,203,000 414,930,000 414,930,000
Cash and cash equivalents at end of period 1,261,916,000 637,772,000 $ 633,203,000
Supplemental disclosures      
Cash paid for interest 15,108,000 26,264,000  
Cash paid for income taxes 18,032,000 4,176,000  
Noncash transactions:      
Transfers of loans to other real estate owned 2,039,000 1,641,000  
Financed sales of other real estate owned 0 159,000  
Recognition of operating right-of-use assets 3,601,000 1,968,000  
Recognition of operating lease liabilities $ 3,601,000 $ 2,034,000