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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 138,838,000 $ 52,130,000
Adjustments to reconcile net income to net cash provided by operating activities:    
(Recovery of) provision for loan losses (1,200,000) 76,350,000
Depreciation, amortization and accretion 34,421,000 22,727,000
Deferred income tax expense (benefit) 5,071,000 (8,494,000)
Funding of mortgage loans held for sale (3,189,474,000) (3,277,576,000)
Proceeds from sales of mortgage loans held for sale 3,230,039,000 3,310,402,000
Gains on sales of mortgage loans held for sale (71,598,000) (114,327,000)
Valuation adjustment to mortgage servicing rights (13,561,000) 13,694,000
Gains on sales of securities (2,121,000) (31,000)
Penalty on prepayment of debt 0 118,000
(Gains) losses on sales of premises and equipment (519,000) 35,000
Stock-based compensation expense 7,736,000 8,153,000
Increase in other assets (16,429,000) (87,405,000)
(Decrease) increase in other liabilities (31,032,000) 48,269,000
Net cash provided by operating activities 90,171,000 44,045,000
Investing activities    
Purchases of securities available for sale (1,743,105,000) (304,955,000)
Proceeds from sales of securities available for sale 176,406,000 8,773,000
Proceeds from call/maturities of securities available for sale 329,520,000 314,363,000
Net decrease (increase) in loans 917,343,000 (1,383,382,000)
Purchases of premises and equipment (16,797,000) (6,824,000)
Proceeds from sales of premises and equipment 8,715,000 0
Purchase of bank-owned life insurance (50,000,000) 0
Net change in FHLB stock (1,226,000) 10,607,000
Proceeds from sales of other assets 4,081,000 6,020,000
Other, net 2,803,000 0
Net cash used in investing activities (372,260,000) (1,355,398,000)
Financing activities    
Net increase in noninterest-bearing deposits 807,602,000 1,206,472,000
Net increase in interest-bearing deposits 388,146,000 514,646,000
Net decrease in short-term borrowings (10,087,000) (446,467,000)
Proceeds from the issuance of long-term debt, net of issuance costs 0 98,299,000
Repayment of long-term debt (1,742,000) (246,000)
Cash paid for dividends (37,578,000) (37,607,000)
Repurchase of shares in connection with stock repurchase program (21,314,000) (24,569,000)
Net cash provided by financing activities 1,125,027,000 1,310,528,000
Net increase (decrease) in cash and cash equivalents 842,938,000 (825,000)
Cash and cash equivalents at beginning of period 633,203,000 414,930,000
Cash and cash equivalents at end of period 1,476,141,000 414,105,000
Supplemental disclosures    
Cash paid for interest 37,827,000 61,351,000
Cash paid for income taxes 41,248,000 26,148,000
Noncash transactions:    
Transfers of loans to other real estate owned 3,171,000 7,887,000
Financed sales of other real estate owned 442,000 151,000
Recognition of operating right-of-use assets 6,718,000 4,151,000
Recognition of operating lease liabilities $ 6,718,000 $ 4,151,000