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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 146,949 $ 24,110
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,475 7,853
(Recovery) provision for credit losses (58,420) 36,533
Deferred income taxes 21,037 (4,878)
Share-based compensation expense 6,092 2,007
Accretion of discount related to acquired loans (10,416) (10,931)
Losses (gains) on disposal of premises and equipment 753 (263)
Losses on sale of bank premises and other repossessed real estate 2,349 69
Net amortization of premiums on investment securities 9,481 2,055
Bank premises and other repossessed real estate write downs 469 111
Fair value adjustment for loans held for sale 5,852 (926)
Originations and purchases of loans held for sale (842,796) (239,736)
Proceeds from sales of loans held for sale 795,124 232,520
Gains on sales of loans held for sale (20,709) (4,214)
Bank owned life insurance income (3,280) (1,373)
Net change in:    
Accrued interest receivable 4,169 (923)
Prepaid assets 1,685 651
Operating leases 1,638 268
Bank owned life insurance 24 2,090
Trading securities (41,412)  
Derivative assets 397,570 (45,690)
Miscellaneous other assets (172,197) (9,803)
Accrued interest payable 1,394 (853)
Accrued income taxes 19,436 9,131
Derivative liabilities (402,575) 38,143
Miscellaneous other liabilities 421,343 5,132
Net cash provided by operating activities 299,035 41,083
Cash flows from investing activities:    
Proceeds from maturities and calls of investment securities held to maturity 16,746  
Proceeds from maturities and calls of investment securities available-for-sale 217,712 113,381
Proceeds from sales of other investment securities 155  
Purchases of investment securities available for sale (850,593) (90,134)
Purchases of investment securities held to maturity (276,725)  
Purchases of other investment securities (1,181) (13,869)
Net decrease (increase) in loans 178,078 (129,458)
Net cash paid from acquisitions (39,929)  
Recoveries of loans previously charged off 3,396 1,909
Purchases of premises and equipment (5,580) (2,193)
Proceeds from sale of bank premises and other repossessed real estate 6,599 988
Proceeds from sale of premises and equipment 952 9
Net cash used in investing activities (750,370) (119,367)
Cash flows from financing activities:    
Net increase in deposits 1,749,783 167,451
Net increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 98,915 26,982
Proceeds from borrowings   500,000
Repayment of borrowings   (2)
Common stock repurchases (804) (26,578)
Dividends paid (33,448) (15,840)
Stock options exercised 1,771 403
Net cash provided by financing activities 1,816,217 652,416
Net increase in cash and cash equivalents 1,364,882 574,132
Cash and cash equivalents at beginning of period 4,609,255 688,704
Cash and cash equivalents at end of period 5,974,137 1,262,836
Cash paid for:    
Interest 15,083 20,640
Income taxes 2,072 845
Recognition of operating lease assets in exchange for lease liabilities 1,298 458
Acquisitions:    
Fair value of tangible assets acquired 34,838  
Liabilities assumed 2,343  
Net identifiable assets acquired over liabilities assumed 15,816  
Real estate acquired in full or in partial settlement of loans $ 1,631 $ 2,048