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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 31,884 $ 44,262
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,894 6,373
Provision for credit losses 22,191 3,300
Stock based compensation 2,492 1,985
Deferred income tax expense 1,292 658
Securities losses, net 0 267
Gains from sales of other loans (1,674) (1,303)
Changes in assets and liabilities:    
Other assets and accrued interest receivable (45,851) (6,251)
Accrued expenses and other liabilities 8,456 (5,994)
Loans held for sale (31,475) (7,406)
Net cash (used in) provided by operating activities (10,791) 35,891
Debt securities held-to-maturity:    
Proceeds from maturities and calls 9,085 9,049
Purchases (15,989) 0
Debt securities available-for-sale and equity securities:    
Proceeds from sales 1,000 178,604
Proceeds from maturities and calls 105,247 60,779
Purchases (70,075) (34,729)
Net increase in loans (110,222) (90,380)
Proceeds from sales of premises and equipment 102 105
Purchases of premises and equipment (2,596) (11,686)
Proceeds from sale of other real estate 63 974
Other investing activities, net (1,600) 0
Net cash (used in) provided by investing activities (84,985) 112,716
Financing activities:    
Net increase in deposits 137,783 117
Repayment of long-term debt 0 (10,110)
Proceeds from FHLB advances 5,000 780,000
Repayment of FHLB advances (5,000) (900,000)
Proceeds from issuance of common stock for dividend reinvestment and employee benefit plans 199 186
Proceeds from exercise of stock options 0 197
Cash paid for shares withheld to cover payroll taxes upon vesting of restricted stock (1,674) (549)
Repurchase of common stock (20,782) (7,342)
Cash dividends on common stock (14,454) (12,876)
Net cash provided by (used in) financing activities 101,072 (150,377)
Net change in cash and cash equivalents, including restricted cash 5,296 (1,770)
Cash and cash equivalents, including restricted cash, at beginning of period 515,206 327,265
Cash and cash equivalents, including restricted cash, at end of period 520,502 325,495
Significant non-cash investing and financing transactions:    
Unsettled government guaranteed loan sales 485 13,934
Transfers of loans to foreclosed properties 127 751
Unsettled repurchases of common stock $ 0 $ 498