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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 119,339 $ 169,748
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
(Accretion) amortization of investment (discounts) premiums, net (26,954) 3,771
Gain on sale of investment securities, net 0 (2)
Provision for credit losses 121,553 23,496
Change in cash surrender value of bank owned life insurance (2,992) (4,270)
Depreciation, amortization and accretion 63,111 14,681
Gain on sale of premises and equipment (644) (1,865)
Additions to residential mortgage servicing rights carried at fair value (2,769) (15,203)
Change in fair value of residential mortgage servicing rights carried at fair value 14,857 (40,740)
Stock-based compensation 8,979 4,737
Net (increase) decrease in equity and other investments (395) 1,131
(Gain) loss on equity securities, net (1,719) 4,736
(Gain) loss on sale of loans and leases, net (4,940) 5,376
Change in fair value of loans held for sale 520 6,852
Origination of loans held for sale (251,202) (1,225,654)
Proceeds from sales of loans held for sale 258,802 1,323,515
Change in other assets and liabilities:    
Net (increase) decrease in other assets (14,072) 204,548
Net (decrease) increase in other liabilities (54,115) 105,658
Net cash provided by operating activities 227,359 580,515
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (919,933) (175,656)
Proceeds from investment securities available for sale 1,369,809 236,066
Purchases of restricted equity securities (220,066) 0
Redemption of restricted equity securities 110,696 67
Net change in loans and leases (581,350) (1,947,302)
Proceeds from sales of loans and leases 435,939 70,503
Change in premises and equipment (3,512) (4,971)
Proceeds from bank owned life insurance death benefits 3,305 3,251
Cash received in the Merger 274,587 0
Other 340 191
Net cash provided by (used in) investing activities 469,815 (1,817,851)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposit liabilities (1,423,793) (462,251)
Net decrease in federal funds purchased (14,000) 0
Net (decrease) increase in securities sold under agreements to repurchase (83,880) 35,714
Proceeds from borrowings 9,850,000 0
Repayment of borrowings (6,786,522) 0
Net proceeds from issuance of common stock 0 54
Dividends paid on common stock (120,448) (91,112)
Repurchase and retirement of common stock (5,958) (4,109)
Net cash provided by (used in) financing activities 1,415,399 (521,704)
Net increase (decrease) in cash and cash equivalents 2,112,573 (1,759,040)
Cash and cash equivalents, beginning of period 1,294,643 2,761,621
Cash and cash equivalents, end of period 3,407,216 1,002,581
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 228,995 17,535
Income taxes 78,528 31,477
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Changes in unrealized gains and losses on investment securities available for sale, net of taxes (238) (289,281)
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 8,269 (20,625)
Net change in pension plan liability adjustment 71 0
Transfer of loans to loans held for sale 118,085 0
Umpqua Bank and Columbia Banking System Merger    
Asset Acquisition [Line Items]    
Assets acquired 19,230,586 0
Liabilities assumed (17,920,542) 0
Net assets acquired $ 1,310,044 $ 0