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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 26,697 $ 29,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Net accretion (amortization) on investment securities 330 (8)
Net accretion on loans and amortization of core deposit intangible and operating lease components (799) (596)
Unrealized (gains) losses on equity securities with readily determinable fair value 381 (289)
Depreciation of premises and equipment 2,549 2,263
Amortization of mortgage servicing rights 585 322
Impairment of mortgage servicing rights 100  
Credit loss expense for on-balance sheet exposures 22,760 17,231
Credit loss expense for off-balance sheet exposures 102  
Net gain on sale of mortgage loans held for sale (4,805) (1,260)
Origination of mortgage loans held for sale (125,273) (40,714)
Proceeds from sale of mortgage loans held for sale 109,918 39,632
Net gain on sale of consumer loans held for sale (2,337) (1,405)
Origination of consumer loans held for sale (195,121) (146,087)
Proceeds from sale of consumer loans held for sale 194,182 147,466
Net gain realized on sale of other real estate owned (3) (130)
Impairment of premises held for sale   66
Deferred compensation expense - Class A Common Stock 222 233
Stock-based awards expense - Class A Common Stock 280 244
Net gain on sale of bank premises and equipment (353)  
Increase in cash surrender value of bank owned life insurance (389) (382)
Net change in other assets and liabilities:    
Accrued interest receivable 900 (28)
Accrued interest payable 635 536
Other assets (7,381) (2,026)
Other liabilities 4,998 (297)
Net cash provided by operating activities 28,178 44,287
INVESTING ACTIVITIES:    
Purchases of available-for-sale debt securities (138,894)  
Proceeds from calls, maturities and paydowns of available-for-sale debt securities 73,716 48,775
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities 690 600
Net change in outstanding warehouse lines of credit (132,996) (90,092)
Net change in other loans 50,510 (63,922)
Proceeds from redemption of Federal Home Loan Bank stock 931 2,102
Purchase of Federal Home Loan Bank stock (9,000)  
Proceeds from sales of other real estate owned 31 229
Proceeds from sale of bank premises and equipment 894  
Net purchases of premises and equipment (1,109) (1,036)
Net cash used in investing activities (155,227) (103,344)
FINANCING ACTIVITIES:    
Net change in deposits 285,449 318,171
Net change in securities sold under agreements to repurchase and other short-term borrowings (41,537) (9,822)
Payments of Federal Home Loan Bank advances (602,500) (520,000)
Proceeds from Federal Home Loan Bank advances 425,000 270,000
Repurchase of Class A Common Stock (2,852) (379)
Net proceeds from Class A Common Stock purchased through employee stock purchase plan 155 121
Net proceeds from Class A Common Stock options exercised and PSUs awarded (242)  
Cash dividends paid (5,464) (4,996)
Net cash provided by financing activities 58,009 53,095
NET CHANGE IN CASH AND CASH EQUIVALENTS (69,040) (5,962)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 385,303 351,474
CASH AND CASH EQUIVALENTS AT END OF PERIOD 316,263 345,512
Cash paid during the period for:    
Interest 7,786 9,798
Income taxes 465 387
SUPPLEMENTAL NONCASH DISCLOSURES:    
Transfers from loans to real estate acquired in settlement of loans   155
Right-of-use assets recorded 626 $ 40,104
Allowance for credit losses recorded upon adoption of ASC 326 $ 7,241