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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 142,797,000 $ 76,348,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit loss 2,336,000 27,825,000
Specific reserve, other real estate owned 2,065,000 537,000
Depreciation of bank premises and equipment 13,235,000 14,299,000
Loss (gain) on sale of bank premises and equipment 15,000 (155,000)
Loss on sale of other real estate owned 519,000 13,000
Accretion of investment securities discounts (279,000) (241,000)
Amortization of investment securities premiums 22,329,000 14,877,000
Investment securities transactions, net 4,000 5,000
Unrealized loss (gain) on equity securities with readily determinable fair values 65,000 (99,000)
Proceeds from settlements of claims 2,870,000  
Stock based compensation expense 273,000 395,000
(Earnings) losses from affiliates and other investments (61,313,000) 203,000
Deferred income taxes (821,000) (14,861,000)
Decrease (increase) in accrued interest receivable 4,902,000 (11,064,000)
Decrease in other assets 12,097,000 244,000
Decrease in other liabilities 24,904,000 28,186,000
Net cash provided by operating activities 165,998,000 136,512,000
Investing activities:    
Proceeds from maturities of securities 1,501,881,000 1,075,000
Proceeds from sales and calls of available for sale securities 2,865,000 18,920,000
Purchases of available for sale securities (3,630,564,000) (458,184,000)
Principal collected on mortgage backed securities 1,009,379,000 753,483,000
Net decrease (increase) in loans 134,517,000 (598,176,000)
Purchases of other investments (42,037,000) (25,329,000)
Distributions from other investments 59,955,000 26,688,000
Purchases of bank premises and equipment (4,259,000) (4,593,000)
Proceeds from sales of bank premises and equipment 1,255,000 786,000
Proceeds from sales of other real estate owned 6,320,000 3,625,000
Net cash used in investing activities (960,688,000) (281,705,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 703,414,000 870,839,000
Net increase in savings and interest bearing demand deposits 461,049,000 290,105,000
Net (decrease) increase in time deposits (9,554,000) 48,745,000
Net increase in securities sold under repurchase agreements 2,382,000 150,559,000
Net decrease in other borrowed funds (94,000) (190,092,000)
Purchase of treasury stock (48,000) (48,737,000)
Proceeds from stock transactions 1,996,000 288,000
Payments of cash dividends (34,813,000) (35,128,000)
Net cash provided by financing activities 1,124,332,000 1,086,579,000
(Decrease) increase in cash and cash equivalents 329,642,000 941,386,000
Cash and cash equivalents at beginning of period 1,997,238,000 256,820,000
Cash and cash equivalents at end of period 2,326,880,000 1,198,206,000
Supplemental cash flow information:    
Interest paid 13,991,000 23,555,000
Income taxes paid 16,130,000 370,000
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned $ 16,587,000 2,234,000
Net transfers from bank premises and equipment to other assets   $ 4,260,000