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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 144,678,000 $ 166,068,000 $ 175,892,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) credit losses 15,593,000 23,871,000 (2,168,000)
Depreciation, amortization and accretion 35,231,000 42,744,000 47,350,000
Deferred income tax (benefit) expense (5,005,000) 2,280,000 11,411,000
Impairment losses on securities 19,352,000 0 0
Proceeds from sale of mortgage servicing rights 0 18,525,000 0
Gain on sale of mortgage servicing rights (547,000) (2,960,000) 0
Funding of mortgage loans held for sale (1,330,912,000) (1,679,356,000) (4,059,927,000)
Proceeds from sales of mortgage loans held for sale 1,277,363,000 2,043,360,000 4,116,106,000
Gains on sales of mortgage loans held for sale (14,573,000) (15,803,000) (82,399,000)
Valuation adjustment to mortgage servicing rights 0 0 (13,561,000)
Losses (gains) on sales of securities 22,438,000 0 (2,170,000)
Debt prepayment penalty 0 0 6,123,000
Gain on debt extinguishment (620,000) 0 0
Gains on sales of premises and equipment (173,000) (239,000) (840,000)
Stock-based compensation 13,716,000 11,505,000 10,074,000
Increase in other assets (51,986,000) (29,671,000) (20,812,000)
Increase (decrease) in other liabilities 23,998,000 (6,279,000) (42,420,000)
Net cash provided by operating activities 148,553,000 574,045,000 142,659,000
Investing activities      
Purchases of securities available for sale (11,899,000) (713,096,000) (2,107,934,000)
Proceeds from sales of securities available for sale 488,981,000 0 176,455,000
Proceeds from call/maturities of securities available for sale 149,025,000 385,507,000 458,020,000
Purchases of securities held to maturity 0 (91,803,000) (52,135,000)
Proceeds from call/maturities of securities held to maturity 109,953,000 67,448,000 2,246,000
Net (increase) decrease in loans (791,803,000) (1,456,119,000) 910,063,000
Purchases of premises and equipment (21,634,000) (14,838,000) (20,516,000)
Proceeds from sales of premises and equipment 943,000 1,234,000 9,813,000
Purchase of bank-owned life insurance 0 (80,000,000) (50,000,000)
Net change in FHLB stock 16,076,000 (27,807,000) 3,980,000
Proceeds from sales of other assets 3,115,000 3,578,000 6,342,000
Net cash paid in acquisitions 0 (120,888,000) 0
Other, net 1,844,000 3,127,000 3,663,000
Net cash used in investing activities (55,399,000) (2,043,657,000) (660,003,000)
Financing activities      
Net (decrease) increase in noninterest-bearing deposits (975,081,000) (159,368,000) 1,033,076,000
Net increase (decrease) in interest-bearing deposits 1,564,900,000 (259,390,000) 813,567,000
Net (decrease) increase in short-term borrowings (404,655,000) 668,805,000 (7,393,000)
Proceeds from long-term debt 0 0 197,061,000
Repayment of long-term debt (2,680,000) (32,417,000) (202,873,000)
Cash paid for dividends (50,279,000) (49,991,000) (50,017,000)
Repurchase of shares in connection with stock repurchase program 0 0 (21,315,000)
Net cash provided by financing activities 132,205,000 167,639,000 1,762,106,000
Net increase (decrease) in cash and cash equivalents 225,359,000 (1,301,973,000) 1,244,762,000
Cash and cash equivalents at beginning of year 575,992,000 1,877,965,000 633,203,000
Cash and cash equivalents at end of year 801,351,000 575,992,000 1,877,965,000
Supplemental disclosures      
Cash paid for interest 239,611,000 54,562,000 45,745,000
Cash paid for income taxes 42,047,000 41,764,000 50,977,000
Noncash transactions:      
Transfers of loans to other real estate 10,738,000 2,207,000 3,180,000
Financed sales of other real estate owned 0 0 577,000
Recognition of operating right-of-use assets 3,126,000 3,475,000 8,142,000
Recognition of operating lease liabilities 3,126,000 3,475,000 8,142,000
Available for sale securities transferred to held to maturity securities $ 0 $ 882,927,000 $ 366,886,000