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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 116,433 $ 100,864 $ 53,209
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,398 12,516 7,976
Provision for loan losses 4,684 9,023 2,977
Share based compensation expense 3,042 2,645 2,164
Deferred income tax expense 1,719 5,655 6,089
Origination of loans held for sale (887,216) (416,337) (142,877)
Proceeds from sales of loans held for sale 869,294 441,023 149,367
Gains on sales of loans held for sale (13,006) (11,699) (3,403)
(Gains) losses on sales of other real estate owned 173 200 (68)
Investment securities gains (77) (190) (1,273)
Loss on sales of premises and equipment 269 0 0
Tax benefits associated with share based compensation 92 299 1,809
Increase (Decrease) in Operating Capital [Abstract]      
Net (increase) decrease in accrued interest receivable 1,327 (2,622) (891)
Net decrease (increase) in other assets (3,664) 5,020 (9,829)
Net decrease in accrued expenses and other liabilities (5,804) (2,721) (1,007)
Other - net (721) 3,970 5,174
Net cash provided by operating activities 99,943 147,646 69,417
Investing activities:      
(Purchases) of other equity securities   (8,784)  
Proceeds from other equity securities 21,586   576
Purchases of investments available-for-sale (326,604) (161,349) (125,028)
Proceeds from sales of investment available-for-sale 2,926 117,354 2,251
Proceeds from maturities, calls and principal payments of investments available-for-sale 199,652 106,114 123,762
Net increase in loans (134,012) (641,521) (427,773)
Proceeds from the sales of other real estate owned 324 1,151 1,275
Proceeds from sale of loans held for investment 0 59,945 40,031
Acquisition of business activity, net of cash acquired 0 32,487 0
Expenditures for premises and equipment (5,148) (10,401) (7,441)
Net cash used in investing activities (241,276) (505,004) (392,347)
Financing activities:      
Net increase in deposits 525,439 340,376 386,118
Net increase/(decrease) in retail repurchase agreements and federal funds purchased (113,824) 201,184 (5,760)
Proceeds from advances from borrowings 2,298,000 5,477,000 3,965,000
Repayment of advances from borrowings (2,457,834) (5,633,579) (3,989,167)
Retirement of subordinated debt 0 0 (30,000)
Proceeds from issuance of common stock 1,433 1,395 1,200
Stock tendered for payment of withholding taxes (703) (760) (952)
Repurchase of common stock (24,284) 0 0
Dividends paid (42,272) (39,277) (25,134)
Net cash provided by financing activities 185,955 346,339 301,305
Net increase (decrease) in cash and cash equivalents 44,622 (11,019) (21,625)
Cash and cash equivalents at beginning of period 101,481 112,500 134,125
Cash and cash equivalents at end of period 146,103 101,481 112,500
Supplemental Disclosures:      
Interest payments 84,448 60,504 26,377
Income tax payments 33,795 25,664 31,738
Transfer from loans to residential mortgage loans held for sale 0 60,043 39,744
Transfers from loans to other real estate owned $ 414 $ 289 $ 1,588