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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income $ 119,090 $ 153,370
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss 36,595 15,363
Specific reserve, other real estate owned 702 154
Depreciation of bank premises and equipment 21,348 21,140
Gain on sale of bank premises and equipment (248) (207)
Gain on sale of other real estate owned (361) (1,246)
Accretion of investment securities discounts (367) (311)
Amortization of investment securities premiums 26,673 13,678
Investment securities transactions, net 5 12
Unrealized gain on equity securities with readily determinable fair values (87) (235)
Stock based compensation expense 571 744
Losses (earnings) from affiliates and other investments 1,270 (2,869)
Deferred income taxes (17,443) 330
Increase in accrued interest receivable 576 1,444
Decrease (increase) in other assets 10,724 (17,430)
Increase in other liabilities 15,799 27,250
Net cash provided by operating activities 214,847 211,187
Investing activities:    
Proceeds from maturities of securities 1,075  
Proceeds from sales and calls of available for sale securities 28,795 92,980
Purchases of available for sale securities (1,336,445) (380,095)
Principal collected on mortgage backed securities 1,397,733 566,455
Net increase in loans (684,471) (372,121)
Purchases of other investments (38,985) (33,940)
Distributions from other investments 64,870 52,693
Purchases of bank premises and equipment (6,245) (23,809)
Proceeds from sales of bank premises and equipment 879 1,830
Proceeds from sales of other real estate owned 4,248 3,685
Net cash used in investing activities (568,546) (92,322)
Financing activities:    
Net increase in non-interest bearing demand deposits 976,195 121,090
Net increase (decrease) in savings and interest bearing demand deposits 423,075 (13,475)
Net increase in time deposits 81,429 7,901
Net increase in securities sold under repurchase agreements 139,313 59,345
Net decrease in other borrowed funds (190,138) (249,109)
Redemption of long-term debt   (25,774)
Purchase of treasury stock (48,878) (17,817)
Proceeds from stock transactions 407 1,517
Payments of cash dividends (35,128) (32,821)
Net cash provided by (used in) financing activities 1,346,275 (149,143)
Increase (decrease) in cash and cash equivalents 992,576 (30,278)
Cash and cash equivalents at beginning of period 256,820 316,797
Cash and cash equivalents at end of period 1,249,396 286,519
Supplemental cash flow information:    
Interest paid 33,880 43,262
Income taxes paid 34,826 38,591
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 4,526 21,381
Dividends declared, not yet paid on common stock 34,800 35,848
Establishment of lease liability and right-of-use asset   $ 6,171
Net transfers from bank premises and equipment to other assets $ 4,260