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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 305,409,000 $ 294,083,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense 9,554,000 30,351,000
Specific reserve, other real estate owned 1,275,000 371,000
Depreciation of bank premises and equipment 16,796,000 16,938,000
Gain on sale of bank premises and equipment (21,000) (353,000)
Loss on sale of other real estate owned 446,000 166,000
Accretion of investment securities discounts (3,277,000) (1,977,000)
Amortization of investment securities premiums 3,388,000 4,185,000
Investment securities transactions, net 1,000 1,000
Unrealized gain on equity securities with readily determinable fair values (152,000) (121,000)
Stock based compensation expense 86,000 169,000
Earnings from affiliates and other investments (2,276,000) (5,562,000)
Deferred tax expense 4,599,000 10,259,000
Increase in accrued interest receivable (5,288,000) (7,573,000)
Decrease (increase) in other assets 19,349,000 (5,546,000)
Increase in other liabilities 1,224,000 23,675,000
Net cash provided by operating activities 351,113,000 359,066,000
Investing activities:    
Proceeds from maturities of securities 1,325,000 2,075,000
Proceeds from sales and calls of available for sale securities 15,490,000 3,750,000
Purchases of available for sale securities (535,924,000) (610,182,000)
Principal collected on mortgage backed securities 674,726,000 581,867,000
Net increase in loans (603,275,000) (562,585,000)
Purchases of other investments (41,702,000) (33,077,000)
Distributions from other investments 1,713,000 29,158,000
Purchases of bank premises and equipment (14,176,000) (15,793,000)
Proceeds from sales of bank premises and equipment 21,000 583,000
Proceeds from sales of other real estate owned 4,970,000 1,249,000
Net cash used in investing activities (496,832,000) (602,955,000)
Financing activities:    
Net decrease in non-interest bearing demand deposits (33,431,000) (308,918,000)
Net increase in savings and interest bearing demand deposits 143,103,000 208,835,000
Net increase in time deposits 234,174,000 376,584,000
Net increase in securities sold under repurchase agreements 129,058,000 175,842,000
Paydowns on long-term other borrowed funds (157,000) (152,000)
Purchase of treasury stock (4,546,000) (742,000)
Proceeds from stock transactions 1,248,000 3,296,000
Payments of cash dividends (87,061,000) (82,078,000)
Net cash provided by financing activities 382,388,000 372,667,000
Increase in cash and cash equivalents 236,669,000 128,778,000
Cash and cash equivalents at beginning of period 352,652,000 651,058,000
Cash and cash equivalents at end of period 589,321,000 779,836,000
Supplemental cash flow information:    
Interest paid 164,217,000 149,295,000
Income taxes paid 64,822,000 49,239,000
Non-cash investing and financing activities:    
Purchases of available-for-sale securities not yet settled   60,000,000
Net transfers from loans to other real estate owned $ 1,547,000 $ 3,200,000