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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 50,771,000 $ 34,838,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss 1,192,000 16,836,000
Specific reserve, other real estate owned 150,000 537,000
Depreciation of bank premises and equipment 6,799,000 7,109,000
Gain on sale of bank premises and equipment (34,000) (358,000)
Gain on sale of other real estate owned (219,000) (79,000)
Accretion of investment securities discounts (138,000) (120,000)
Amortization of investment securities premiums 11,576,000 7,373,000
Investment securities transactions, net 4,000 5,000
Unrealized gain (loss) on equity securities with readily determinable fair values 77,000 (30,000)
Proceeds from settlements of claims 2,870,000  
Stock based compensation expense 159,000 219,000
Earnings losses from affiliates and other investments (2,448,000) 521,000
Deferred income taxes (64,000) (14,123,000)
Decrease (increase) in accrued interest receivable 6,091,000 (450,000)
Decrease (increase) in other assets 9,931,000 (228,000)
Decrease in other liabilities 8,788,000 4,571,000
Net cash provided by operating activities 95,505,000 56,621,000
Investing activities:    
Proceeds from maturities of securities 556,199,000 1,075,000
Proceeds from sales and calls of available for sale securities 2,510,000 18,920,000
Purchases of available for sale securities (2,017,685,000) (421,017,000)
Principal collected on mortgage backed securities 568,011,000 257,223,000
Net decrease (increase) in loans 60,966,000 (120,789,000)
Purchases of other investments (34,086,000) (6,760,000)
Distributions from other investments 2,201,000 26,382,000
Purchases of bank premises and equipment (1,614,000) (2,769,000)
Proceeds from sales of bank premises and equipment 34,000 370,000
Proceeds from sales of other real estate owned 1,544,000 2,034,000
Net cash used in investing activities (861,920,000) (245,331,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 506,083,000 118,934,000
Net increase in savings and interest bearing demand deposits 262,432,000 22,127,000
Net (decrease) increase in time deposits (9,395,000) 42,793,000
Net increase in securities sold under repurchase agreements 11,185,000 29,936,000
Net decrease in other borrowed funds (47,000) 101,954,000
Purchase of treasury stock (48,000) (29,371,000)
Proceeds from stock transactions 1,550,000 225,000
Payments of cash dividends - common (34,813,000)  
Net cash provided by financing activities 736,947,000 286,598,000
(Decrease) increase in cash and cash equivalents (29,468,000) 97,888,000
Cash and cash equivalents at beginning of period 1,997,238,000 256,820,000
Cash and cash equivalents at end of period 1,967,770,000 354,708,000
Supplemental cash flow information:    
Interest paid 7,984,000 13,353,000
Income taxes paid   206,000
Non-cash investing and financing activities:    
Purchases of available-for-sale securities not yet settled 100,933,000  
Net transfers from loans to other real estate owned $ 16,587,000 486,000
Dividends declared, not yet paid on common stock   35,128,000
Net transfers from bank premises and equipment to other assets   $ 7,546,000