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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 195,457,000 $ 144,678,000 $ 166,068,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 9,273,000 15,593,000 23,871,000
Depreciation, amortization and accretion 32,284,000 35,231,000 42,744,000
Deferred income tax expense (benefit) 4,649,000 (5,005,000) 2,280,000
Impairment losses on securities 0 19,352,000 0
Proceeds from sale of mortgage servicing rights 23,011,000 0 18,525,000
Gain on sale of mortgage servicing rights (3,472,000) (547,000) (2,960,000)
Gain on sale of insurance agency (53,349,000) 0 0
Funding of mortgage loans held for sale (1,400,467,000) (1,330,912,000) (1,679,356,000)
Proceeds from sales of mortgage loans held for sale 1,347,659,000 1,277,363,000 2,043,360,000
Gains on sales of mortgage loans held for sale (16,611,000) (14,573,000) (15,803,000)
Losses on sales of securities 0 22,438,000 0
Gain on debt extinguishment (56,000) (620,000) 0
Losses (gains) on sales of premises and equipment 33,000 (173,000) (239,000)
Stock-based compensation 13,883,000 13,716,000 11,505,000
Increase in other assets (15,014,000) (51,986,000) (29,671,000)
(Decrease) increase in other liabilities (7,854,000) 23,998,000 (6,279,000)
Net cash provided by operating activities 129,426,000 148,553,000 574,045,000
Investing activities      
Purchases of securities available for sale (174,229,000) (11,899,000) (713,096,000)
Proceeds from sales of securities available for sale 177,185,000 488,981,000 0
Proceeds from call/maturities of securities available for sale 88,830,000 149,025,000 385,507,000
Purchases of securities held to maturity 0 0 (91,803,000)
Proceeds from call/maturities of securities held to maturity 102,178,000 109,953,000 67,448,000
Net increase in loans (543,495,000) (791,803,000) (1,456,119,000)
Purchases of premises and equipment (13,645,000) (21,634,000) (14,838,000)
Proceeds from sales of premises and equipment 344,000 943,000 1,234,000
Net cash received from sale of insurance agency 55,333,000 0 0
Purchase of bank-owned life insurance 0 0 (80,000,000)
Net change in FHLB stock 4,795,000 16,076,000 (27,807,000)
Proceeds from sales of other assets 3,350,000 3,115,000 3,578,000
Net cash paid in acquisitions 0 0 (120,888,000)
Other, net 1,313,000 1,844,000 3,127,000
Net cash used in investing activities (298,041,000) (55,399,000) (2,043,657,000)
Financing activities      
Net decrease in noninterest-bearing deposits (179,694,000) (975,081,000) (159,368,000)
Net increase (decrease) in interest-bearing deposits 675,521,000 1,564,900,000 (259,390,000)
Net (decrease) increase in short-term borrowings (199,559,000) (404,655,000) 668,805,000
Repayment of long-term debt (245,000) (2,680,000) (32,417,000)
Cash paid for dividends (53,727,000) (50,279,000) (49,991,000)
Proceeds from equity offering 217,000,000 0 0
Net cash provided by financing activities 459,296,000 132,205,000 167,639,000
Net increase (decrease) in cash and cash equivalents 290,681,000 225,359,000 (1,301,973,000)
Cash and cash equivalents at beginning of year 801,351,000 575,992,000 1,877,965,000
Cash and cash equivalents at end of year 1,092,032,000 801,351,000 575,992,000
Supplemental disclosures      
Cash paid for interest 381,004,000 239,611,000 54,562,000
Cash paid for income taxes 29,065,000 42,047,000 41,764,000
Noncash transactions:      
Transfers of loans to other real estate 5,037,000 10,738,000 2,207,000
Recognition of operating right-of-use assets 4,630,000 3,126,000 3,475,000
Recognition of operating lease liabilities 4,630,000 3,126,000 3,475,000
Available for sale securities transferred to held to maturity securities $ 0 $ 0 $ 882,927,000