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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 73,225,000 $ 98,775,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses on loans 3,500,000 0
Depreciation, amortization and accretion 23,947,000 22,459,000
Deferred income tax expense 5,150,000 4,975,000
Funding of mortgage loans held for sale (1,076,613,000) (2,222,822,000)
Proceeds from sales of mortgage loans held for sale 1,345,924,000 2,249,240,000
Gains on sales of mortgage loans held for sale (9,537,000) (51,482,000)
Valuation adjustment to mortgage servicing rights 0 (13,561,000)
Gains on sales of securities 0 (1,357,000)
Gains on sales of premises and equipment (236,000) (687,000)
Stock-based compensation expense 6,290,000 5,142,000
Decrease in other assets (2,867,000) (15,117,000)
Decrease in other liabilities (19,077,000) (25,985,000)
Net cash provided by operating activities 349,706,000 49,580,000
Investing activities    
Purchases of securities available for sale (609,752,000) (1,190,400,000)
Proceeds from sales of securities available for sale 0 155,391,000
Proceeds from call/maturities of securities available for sale 249,394,000 195,114,000
Purchases of securities held to maturity (91,803,000) 0
Proceeds from call/maturities of securities held to maturity 17,262,000 0
Net (increase) decrease in loans (555,936,000) 783,838,000
Purchases of premises and equipment (5,865,000) (12,953,000)
Proceeds from sales of premises and equipment 933,000 8,715,000
Purchase of bank-owned life insurance (80,000,000) (45,000,000)
Net change in FHLB stock (3,526,000) (1,207,000)
Proceeds from sales of other assets 1,524,000 3,378,000
Net cash paid in acquisition of businesses (10,066,000) 0
Other, net 622,000 2,803,000
Net cash used in investing activities (1,087,213,000) (100,321,000)
Financing activities    
Net increase in noninterest-bearing deposits 23,273,000 664,087,000
Net (decrease) increase in interest-bearing deposits (165,068,000) 392,183,000
Net increase (decrease) in short-term borrowings 69,215,000 (6,407,000)
Repayment of long-term debt (32,417,000) (1,733,000)
Cash paid for dividends (24,993,000) (25,104,000)
Net cash (used in) provided by financing activities (129,990,000) 1,023,026,000
Net (decrease) increase in cash and cash equivalents (867,497,000) 972,285,000
Cash and cash equivalents at beginning of period 1,877,965,000 633,203,000
Cash and cash equivalents at end of period 1,010,468,000 1,605,488,000
Supplemental disclosures    
Cash paid for interest 19,959,000 24,146,000
Cash paid for income taxes 6,367,000 31,443,000
Noncash transactions:    
Transfers of loans to other real estate owned 1,284,000 2,503,000
Recognition of operating right-of-use assets 1,595,000 3,624,000
Recognition of operating lease liabilities $ 1,595,000 $ 3,624,000