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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES:    
Net income $ 65,931 $ 60,546
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization on investment securities (95) (204)
Net accretion on loans and amortization of core deposit intangible and operating lease components (2,622) (2,744)
Unrealized (gains) losses on equity securities with readily determinable fair value (561) 211
Depreciation of premises and equipment 6,989 7,020
Amortization of mortgage servicing rights 1,275 1,092
Provision for loan and lease losses 24,844 26,264
Net gain on sale of mortgage loans held for sale (6,452) (2,985)
Origination of mortgage loans held for sale (247,071) (133,273)
Proceeds from sale of mortgage loans held for sale 229,755 134,157
Net gain on sale of consumer loans held for sale (3,869) (4,429)
Origination of consumer loans held for sale (534,268) (582,871)
Proceeds from sale of consumer loans held for sale 532,471 576,646
Net gain realized on sale of other real estate owned (487) (700)
Impairment of premises held for sale 198 356
Deferred compensation expense - Class A Common Stock 457 449
Stock-based awards expense - Class A Common Stock 883 730
Increase in cash surrender value of bank owned life insurance (1,154) (1,135)
Net change in other assets and liabilities:    
Accrued interest receivable 269 (1,614)
Accrued interest payable 1,278 6
Other assets (6,011) 2,314
Other liabilities (1,836) 5,870
Net cash provided by operating activities 59,924 85,706
INVESTING ACTIVITIES:    
Purchases of available-for-sale debt securities (350,036) (159,880)
Purchases of held-to-maturity debt securities   (4,934)
Proceeds from calls, maturities and paydowns of available-for-sale debt securities 259,569 236,138
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities 1,897 3,213
Net change in outstanding warehouse lines of credit (504,893) (35,242)
Net change in other loans (163,133) (108,750)
Proceeds from redemption of Federal Home Loan Bank stock 2,102  
Purchase of Federal Home Loan Bank stock (2,277)  
Proceeds from sales of other real estate owned 1,892 1,153
Net purchases of premises and equipment (9,102) (7,716)
Net cash used in investing activities (763,981) (76,018)
FINANCING ACTIVITIES:    
Net change in deposits 420,991 133,527
Net change in securities sold under agreements to repurchase and other short-term borrowings (15,041) (40,253)
Payments of Federal Home Loan Bank advances (590,000) (417,500)
Proceeds from Federal Home Loan Bank advances 950,000 395,000
Repurchase of Class A Common Stock (580)  
Net proceeds from Class A Common Stock purchased through employee stock purchase plan 372 124
Net proceeds from Class A Common Stock options exercised (174) 83
Cash dividends paid (15,913) (14,508)
Net cash provided by financing activities 749,655 56,473
NET CHANGE IN CASH AND CASH EQUIVALENTS 45,598 66,161
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 351,474 299,351
CASH AND CASH EQUIVALENTS AT END OF PERIOD 397,072 365,512
Cash paid during the period for:    
Interest 33,348 21,491
Income taxes 11,506 10,196
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers from loans to real estate acquired in settlement of loans 1,414 408
Transfers from loans held for sale to held for investment   2,237
Transfers from loans held for investment to held for sale 130,770 1,392
Unfunded commitments in low-income-housing investments   $ 12,574
Right-of-use assets recorded upon adoption of ASU 2016-02 $ 41,726