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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 98,775,000 $ 22,138,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 53,250,000
Depreciation, amortization and accretion 22,459,000 13,247,000
Deferred income tax expense (benefit) 4,975,000 (9,812,000)
Funding of mortgage loans held for sale (2,222,822,000) (2,023,834,000)
Proceeds from sales of mortgage loans held for sale 2,249,240,000 2,070,701,000
Gains on sales of mortgage loans held for sale (51,482,000) (68,342,000)
Valuation adjustment to mortgage servicing rights (13,561,000) 14,522,000
Gains on sales of securities (1,357,000) (31,000)
Penalty on prepayment of debt 0 90,000
(Gains) losses on sales of premises and equipment (687,000) 35,000
Stock-based compensation expense 5,142,000 5,748,000
Increase in other assets (15,117,000) (68,031,000)
(Decrease) increase in other liabilities (25,985,000) 45,232,000
Net cash provided by operating activities 49,580,000 54,913,000
Investing activities    
Purchases of securities available for sale (1,190,400,000) (182,745,000)
Proceeds from sales of securities available for sale 155,391,000 8,773,000
Proceeds from call/maturities of securities available for sale 195,114,000 183,807,000
Net decrease (increase) in loans 783,838,000 (1,296,880,000)
Purchases of premises and equipment (12,953,000) (3,856,000)
Proceeds from sales of premises and equipment 8,715,000 0
Purchase of bank-owned life insurance (45,000,000) 0
Net change in FHLB stock (1,207,000) (496,000)
Proceeds from sales of other assets 3,378,000 2,228,000
Other, net 2,803,000 0
Net cash used in investing activities (100,321,000) (1,289,169,000)
Financing activities    
Net increase in noninterest-bearing deposits 664,087,000 1,188,526,000
Net increase in interest-bearing deposits 392,183,000 444,810,000
Net decrease in short-term borrowings (6,407,000) (147,281,000)
Repayment of long-term debt (1,733,000) (177,000)
Cash paid for dividends (25,104,000) (25,080,000)
Repurchase of shares in connection with stock repurchase program 0 (24,569,000)
Net cash provided by financing activities 1,023,026,000 1,436,229,000
Net increase in cash and cash equivalents 972,285,000 201,973,000
Cash and cash equivalents at beginning of period 633,203,000 414,930,000
Cash and cash equivalents at end of period 1,605,488,000 616,903,000
Supplemental disclosures    
Cash paid for interest 24,146,000 43,564,000
Cash paid for income taxes 31,443,000 16,163,000
Noncash transactions:    
Transfers of loans to other real estate owned 2,503,000 4,259,000
Financed sales of other real estate owned 130,000 154,000
Recognition of operating right-of-use assets 3,624,000 4,235,000
Recognition of operating lease liabilities $ 3,624,000 $ 2,766,000