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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net income $ 86,818 $ 22,640
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 7,079 8,594
Amortization of other intangible assets 3,075 3,776
Amortization of tax credit investments 1,202 5,515
Net premium amortization on investment securities 3,606 5,146
Accretion income related to acquired loans (4,695) (6,649)
Share-based compensation expense 1,747 2,748
Excess tax (benefit) expense on share-based compensation (915) (818)
Provision for credit losses (17,356) 16,950
Debt securities (gains) losses, net (1,993) (5,174)
Net (gains) losses on sales of loans and other assets (10,330) 11,826
Increase in cash surrender value of company-owned life insurance (2,714) (3,080)
Residential real estate loans originated for sale (326,118) (223,961)
Proceeds from sales of residential real estate loans 349,730 219,626
(Increase) decrease in interest receivable 4,465 7,313
(Increase) decrease in other assets 33,562 (87,826)
Increase (decrease) in accrued expenses and other liabilities (43,966) 2,242
Net cash flows provided by (used in) operating activities 83,197 (21,132)
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (1,245,673) (446,819)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock 0 (10,025)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 428,614 436,742
Proceeds from sales of investment securities available-for-sale 52,468 236,410
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 16 11
Proceeds from sales of equity securities 227 133
Loan originations and payments, net (134,082) (262,497)
Proceeds from company-owned life insurance death benefits 2,042 1,899
Proceeds from sales of premises and equipment and other assets 7,632 0
Purchases of premises and equipment and other assets (12,879) (7,938)
Net cash flows provided by (used in) investing activities (901,635) (52,084)
Net increase (decrease) in:    
Deposits 812,302 (248,035)
Federal funds purchased and interbank borrowings (244) 210,356
Securities sold under agreements to repurchase (35,924) (9,715)
Other borrowings 13,441 (7,339)
Payments for maturities of Federal Home Loan Bank advances (125,004) (200,005)
Payments for modification of Federal Home Loan Bank advances (2,156) 0
Proceeds from Federal Home Loan Bank advances 50,000 500,000
Cash dividends paid on common stock (23,195) (23,535)
Common stock repurchased (2,856) (81,822)
Common stock issued 139 151
Net cash flows provided by (used in) financing activities 686,503 140,056
Net increase (decrease) in cash and cash equivalents (131,935) 66,840
Cash and cash equivalents at beginning of period 589,712 276,337
Cash and cash equivalents at end of period 457,777 343,177
Supplemental cash flow information:    
Total interest paid 13,302 26,387
Total taxes paid (net of refunds) 1,400 1,212
Investment securities purchased but not settled 112,489 102,459
Operating lease right-of-use assets obtained in exchange for lease obligations $ 988 $ (310)