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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 392,929 $ 305,262 $ 319,021
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation & amortization 30,929 31,856 19,481
Decrease (increase) in value of equity securities 1,094 1,272 (7,178)
Amortization of securities, net 16,491 20,335 28,516
Accretion of purchased loans (10,587) (16,341) (20,151)
Share-based compensation 9,274 9,133 8,848
Gain on assets (2,117) (698) (4,497)
Provision for credit losses - loans 11,950 50,170 0
Provision for credit losses - unfunded commitments (1,500) 11,410 (4,752)
Provision for credit losses - investment securities 1,683 2,005 0
Deferred income taxes (4,077) 2,213 3,868
Increase in cash value of life insurance (4,655) (3,800) (2,049)
Originations of mortgage loans held for sale (480,847) (510,136) (783,293)
Proceeds from sales of mortgage loans held for sale 437,248 503,020 825,397
Changes in assets and liabilities:      
Accrued interest receivable (15,767) (24,473) 13,792
Other assets (1,654) 9,342 1,756
Accrued interest payable and other liabilities (724) 22,602 (9,379)
Net cash provided by operating activities 379,670 413,172 389,380
Investing Activities      
Net increase in federal funds sold (5,100) 0 0
Net (increase) decrease in loans, excluding loans acquired (9,037) (673,883) 1,328,378
Purchases of investment securities – available-for-sale (9,894) (1,258,403) (1,390,405)
Purchases of investment securities - held-to-maturity 0 (674,178) 0
Proceeds from maturities of investment securities – available-for-sale 597,912 496,551 652,403
Proceeds from maturities of investment securities – held-to-maturity 5,897 501,529 0
Proceeds from sale of investment securities – available-for-sale 0 67,349 18,112
Purchases of equity securities 0 (49,975) (13,276)
Proceeds from sales of equity securities 1,522 13,778 16,381
Purchases of other investments (3,364) (60,889) (9,784)
Proceeds from foreclosed assets held for sale 1,292 2,319 7,599
Proceeds from sale of SBA loans 3,968 4,304 25,116
Purchases of premises and equipment, net (8,550) (9,016) (10,282)
Return of investment on cash value of life insurance 3,813 277 418
Purchase of marine loan portfolio 0 (242,617) 0
Net cash proceeds received (paid) – market acquisitions 0 858,584 0
Net cash provided by (used in) investing activities 578,459 (1,024,270) 624,660
Financing Activities      
Net (decrease) increase in deposits, excluding deposits acquired (1,151,072) (2,177,058) 1,534,780
Net increase (decrease) in securities sold under agreements to repurchase 10,939 (9,740) (28,045)
Increase in FHLB and other borrowed funds 6,476,550 601,000 0
Decrease in FHLB and other borrowed funds (5,825,250) (429,330) 0
Retirement of subordinated debentures 0 (300,000) 0
Proceeds from issuance of subordinated debentures 0 296,324 0
Redemption of trust preferred securities 0 (96,499) 0
Proceeds from exercise of stock options 802 156 2,374
Repurchase of common stock (48,771) (70,856) (44,480)
Dividends paid on common stock (145,904) (128,424) (92,142)
Net cash (used in) provided by financing activities (682,706) (2,314,427) 1,372,487
Net change in cash and cash equivalents 275,423 (2,925,525) 2,386,527
Cash and cash equivalents – beginning of year 724,790 3,650,315 1,263,788
Cash and cash equivalents – end of year $ 1,000,213 $ 724,790 $ 3,650,315