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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 110,426,000 $ 124,694,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and core deposit intangibles amortization 7,923,000 6,807,000
Provision for credit losses 0 0
Net amortization of premium on investments 5,822,000 7,384,000
Net gain on sale of investment securities (298,000)  
Net gain on sale of other real estate and repossessed assets (137,000) (13,000)
Net loss (gain) on sale or write down of premises and equipment 35,000 (121,000)
Net accretion of discount on loans (1,860,000) (872,000)
Net amortization of premium on deposits (97,000) (53,000)
Net gain on sale of loans (612,000) (239,000)
Proceeds from sale of loans held for sale 24,475,000 8,470,000
Originations of loans held for sale (24,509,000) (9,280,000)
Stock based compensation expense 3,379,000 3,166,000
Decrease (increase) in accrued interest receivable and other assets 2,811,000 (66,156,000)
Increase in accrued interest payable and other liabilities 60,042,000 105,986,000
Net cash provided by operating activities 187,400,000 179,773,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities and principal paydowns of held to maturity securities 391,803,000 412,524,000
Purchase of held to maturity securities (18,947,000) (3,028,000)
Proceeds from maturities, sales and principal paydowns of available for sale securities 5,631,402,000 2,515,280,000
Purchase of available for sale securities (5,508,208,000) (2,527,704,000)
Originations of Warehouse Purchase Program loans (3,021,378,000) (2,468,101,000)
Proceeds from pay-offs of Warehouse Purchase Program loans 2,978,699,000 2,409,606,000
Net increase in loans held for investment (42,737,000) (434,029,000)
Purchase of bank premises and equipment (7,184,000) (10,224,000)
Proceeds from sale of bank premises, equipment and other real estate 838,000 741,000
Proceeds from insurance claims 1,049,000 2,811,000
Net cash provided by (used in) investing activities 405,337,000 (102,124,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in noninterest-bearing deposits (250,037,000) (807,100,000)
Net increase (decrease) in interest-bearing deposits 245,843,000 (722,142,000)
Net proceeds from other short-term borrowings 175,000,000 1,515,000,000
Net (decrease) increase in securities sold under repurchase agreements (47,606,000) 6,127,000
Repurchase of common stock (35,282,000) (38,040,000)
Payments of cash dividends (52,374,000) (50,074,000)
Net cash provided by (used in) financing activities 35,544,000 (96,229,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 628,281,000 (18,580,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 458,413,000 424,133,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,086,694,000 405,553,000
NONCASH ACTIVITIES:    
Acquisition of real estate through foreclosure of collateral 969,000 468,000
SUPPLEMENTAL INFORMATION:    
Income taxes paid 487,000 327,000
Interest paid $ 102,618,000 $ 79,968,000