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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net income $ 57,829,000 $ 71,163,000
Reconciliation of net income to net cash provided by operating activities:    
Provision for loan losses 31,008,000 (913,000)
Net security premium amortization 2,832,000 1,827,000
Loan discount accretion (4,789,000) (4,473,000)
Other purchase accounting accretion and amortization, net 55,000 (16,000)
Foreclosed property losses and write-downs, net 284,000 899,000
Gains on securities available for sale (8,024,000) (97,000)
Other losses 157,000 331,000
Increase (decrease) in net deferred loan costs 7,380,000 (261,000)
Depreciation of premises and equipment 4,392,000 4,326,000
Amortization of operating lease right-of-use assets 1,522,000 1,372,000
Repayments of lease obligations (1,392,000) (1,250,000)
Stock-based compensation expense 2,013,000 1,748,000
Amortization of intangible assets 2,961,000 3,737,000
Amortization of SBA servicing assets 1,231,000 975,000
Fees/gains from sale of presold mortgages and SBA loans (15,266,000) (9,725,000)
Origination of presold mortgage loans in process of settlement (294,270,000) (108,723,000)
Proceeds from sales of presold mortgage loans in process of settlement 290,657,000 99,606,000
Origination of SBA loans for sale (117,412,000) (125,982,000)
Proceeds from sales of SBA loans 82,998,000 101,349,000
Increase in accrued interest receivable (2,998,000) (293,000)
Increase in other assets (7,454,000) (4,061,000)
(Decrease) increase in accrued interest payable (849,000) 193,000
Increase in other liabilities 1,180,000 1,690,000
Net cash provided by operating activities 34,045,000 33,422,000
Cash Flows From Investing Activities    
Purchases of securities available for sale (701,201,000) (339,030,000)
Purchases of securities held to maturity (69,899,000) 0
Proceeds from maturities/issuer calls of securities available for sale 156,108,000 114,003,000
Proceeds from maturities/issuer calls of securities held to maturity 26,989,000 26,316,000
Proceeds from sales of securities available for sale 219,697,000 39,797,000
Redemptions of FRB and FHLB stock, net 9,853,000 4,088,000
Net increase in loans (327,496,000) (116,664,000)
Proceeds from sales of foreclosed properties 1,880,000 4,628,000
Purchases of premises and equipment (8,983,000) (2,714,000)
Proceeds from sales of premises and equipment 189,000 1,148,000
Net cash paid in acquisition (9,559,000) 0
Net cash used by investing activities (702,422,000) (268,428,000)
Cash Flows From Financing Activities    
Net increase in deposits 1,128,951,000 216,195,000
Net decrease in short-term borrowings (148,000,000) (55,000,000)
Proceeds from long-term borrowings 150,000,000 0
Payments on long-term borrowings (252,003,000) (51,089,000)
Cash dividends paid – common stock (15,798,000) (10,108,000)
Repurchases of common stock (28,701,000) (10,000,000)
Proceeds from stock option exercises 0 129,000
Payment of taxes related to stock withheld (178,000) (558,000)
Net cash provided by financing activities 834,271,000 89,569,000
Increase (decrease) in cash and cash equivalents 165,894,000 (145,437,000)
Cash and cash equivalents, beginning of period 231,302,000 462,898,000
Cash and cash equivalents, end of period 397,196,000 317,461,000
Supplemental Disclosures of Cash Flow Information:    
Cash paid during the period for interest 17,094,000 25,397,000
Cash paid during the period for income taxes 21,302,000 20,106,000
Non-cash: Unrealized gain (loss) on securities available for sale, net of taxes 18,143,000 15,137,000
Non-cash: Foreclosed loans transferred to other real estate 1,032,000 2,676,000
Non-cash: Initial recognition of operating lease right-of-use assets and operating lease liabilities 253,000 19,406,000
Non-cash: Equity issued related to acquisitions 494,000 3,070,000
Non-cash: Loans acquired 14,633,000 0
Non-cash: Other assets acquired 451,000 0
Non-cash: Borrowings assumed $ 11,671,000 $ 0