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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 126,467 $ 123,478
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,565 7,177
Provision for credit losses 6,020 (22,527)
Gain on other real estate and foreclosed assets (20) (3,014)
Loss on sale of securities   87
Deferred tax (benefit) expense (801) 10,099
Increase in cash surrender value of life insurance contracts (2,995) (634)
Loss on disposal of assets 30  
Net decrease in loans held for sale 3,028 27,250
Net amortization of securities premium/discount 5,103 11,356
Amortization of intangible assets 3,114 3,748
Stock-based compensation expense 5,726 5,292
Net change in derivative collateral liability 76,152 15,828
Net (decrease) increase in interest payable and other liabilities (28,313) 18,512
(Increase) decrease in other assets (112,916) 91,643
Other, net (3,272) (7,761)
Net cash provided by operating activities 85,888 280,534
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities   73,219
Proceeds from maturities of securities available for sale 77,339 167,949
Purchases of securities available for sale   (228,454)
Proceeds from maturities of securities held to maturity 30,900 28,125
Purchases of securities held to maturity (6,023) (391,761)
Proceeds received upon termination of fair value hedge instruments 16,550  
Net (increase) decrease in short-term investments (1,964,089) 697,625
Net purchases of Federal Home Loan Bank stock (68,057)  
Proceeds from sales of loans and leases 11,006 18,890
Net increase in loans (306,873) (227,948)
Purchase of life insurance contracts   (60,000)
Purchases of property and equipment (5,498) (11,353)
Proceeds from sales of other real estate and foreclosed assets 235 6,227
Other, net (4,252) 3,002
Net cash provided by (used in) investing activities (2,218,762) 75,521
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 542,721 33,812
Net increase (decrease) in short-term borrowings 1,648,226 (44,759)
Repayments of long-term debt   (79)
Dividends paid (26,173) (23,804)
Payroll tax remitted on net share settlement of equity awards (2,922) (1,396)
Proceeds from dividend reinvestment and stock purchase plans 935 881
Repurchase of common stock   (18,490)
Net cash provided by (used in) financing activities 2,162,787 (53,835)
NET INCREASE IN CASH AND DUE FROM BANKS 29,913 302,220
CASH AND DUE FROM BANKS, BEGINNING 564,459 401,201
CASH AND DUE FROM BANKS, ENDING 594,372 703,421
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 202 $ 118