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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 45,169 $ 27,879 $ 76,666 $ 51,147  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     16,315 14,273  
Provision for loan losses 4,918 4,831 6,553 9,094  
Net amortization of premium on securities     10,927 12,587  
Securities gains, net (3,580) 259 (5,155) (1,182)  
Unrealized gain on equity securities, net     (370) (43)  
Stock based compensation     3,602 2,770  
Loans originated for sale     (165,249) (317,979)  
Proceeds on sales of loans held for sale     161,625 346,083  
Net gains on sale of loans held for sale     (7,177) (8,178)  
(Increase) decrease in accrued interest receivable     2,421 (35)  
Decrease in prepaid expenses     229 2,263  
Increase (decrease) in accrued interest payable     1,021 (25)  
Capitalization of servicing rights     (415) (2,694)  
Valuation allowance on servicing rights 364 216 953 218  
(Gain)/loss on sales/valuations of assets, net     (10,735) 1,331  
Net excess tax benefit from stock based compensation     272 660  
Other, net     (29,184) (16,605)  
NET CASH PROVIDED BY OPERATING ACTIVITIES     62,299 93,685  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of time deposits in other financial institutions     (248) (1,000)  
Proceeds from the sale of securities available for sale 760,743 243,489 1,194,897 635,735  
Proceeds from the redemption of time deposits in other financial institutions     0 8,767  
Proceeds from the maturity of and principal paydowns on securities available for sale     178,930 112,166  
Proceeds from the maturity of and principal paydowns on securities held to maturity     2,406 8,897  
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions     490 4,862  
Proceeds from the sale, maturity of and principal paydowns on other investments     7,992 1,400  
Purchase of securities available for sale     (1,148,238) (733,030)  
Purchase of other investments     (4,899) (1,842)  
Net (increase) decrease in loans     77,147 (86,466)  
Purchase of bank owned life insurance policies     (16) 0  
Proceeds from bank owned life insurance policies     421 0  
Proceeds from sale of mortgage servicing rights     33,823 0  
Capital expenditures     (3,909) (9,788)  
Net cash and cash equivalents received in acquisitions     38,650 212,197  
Proceeds from the sale of equipment     829 622  
Net cash expended in divestitures     (49,264) 0  
Proceeds on sale of OREO and other repossessed assets     3,825 2,091  
NET CASH PROVIDED BY INVESTING ACTIVITIES     332,836 154,611  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Net increase in demand deposits     4,675 117,456  
Net increase in savings deposits     110,498 5,408  
Net increase (decrease) in time deposit accounts     29,924 (31,789)  
Proceeds on short-term revolving credit line     0 25,000  
Net decrease in short-term borrowings     (44,326) (155,403)  
Proceeds from short term FHLB advances     430,888 302,102  
Repayments of short term FHLB advances     (531,725) (266,500)  
Proceeds from other borrowings     50 0  
Repayments of other borrowings     (15,621) (44,654)  
Purchase of treasury stock     0 (97)  
Proceeds from issuance of common stock     408 156  
Dividends paid     (11,397) (7,972)  
NET CASH USED BY FINANCING ACTIVITIES     (26,626) (56,293)  
Net increase in cash and cash equivalents     368,509 192,003  
Cash and cash equivalents at beginning of year     273,630 196,003 $ 196,003
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 642,139 $ 388,006 642,139 388,006 $ 273,630
Supplemental disclosures:          
Cash paid for income/franchise taxes     19,495 8,254  
Cash paid for interest     37,099 21,655  
Loans transferred to OREO     4,655 2,264  
Transfer of premises from premises, furniture and equipment, net, to premises, furniture and equipment held for sale     2,568 2,501  
Transfer of premises from premises, furniture and equipment held for sale to premises, furniture and equipment, net,     1,564 0  
Deposits transferred to held for sale     76,968 0  
Loans transferred to held for sale     32,111 0  
Securities transferred from held to maturity to available for sale     148,030 0  
Purchases of securities available for sale, accrued, not settled     37,373 0  
Stock consideration granted for acquisitions     $ 92,258 $ 238,075