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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 82,600 $ 61,150
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,872 6,808
Amortization of intangible assets 2,286 2,954
Provision for credit losses - (benefit) (13,802) (15,252)
Deferred income tax expense 31,707 23,044
Stock-based compensation 1,182 1,415
Unrealized gain on derivative instruments (618) (1,617)
Net gain on disposals or sales of premises and equipment and other assets (26) (26)
Net gain on sale of loans (2,461) (4,371)
Net amortization/accretion of discounts, premiums, and deferred loan fees and costs (2,933) (5,774)
Originations and purchases of loans held for sale (86,802) (144,910)
Sales and repayments of loans held for sale 93,739 155,573
Amortization of broker placement fees 35 73
Net amortization of premiums and discounts on investment securities 1,690 9,435
Decrease in accrued interest receivable 3,919 7,981
Decrease in accrued interest payable (906) (174)
Decrease in other assets 352 18,569
Decrease in other liabilities (1,000) (2,200)
Net cash provided by operating activities 114,834 112,678
Cash flows from investing activities:    
Net (disbursements) repayments on loans held for investment (48,370) 98,926
Proceeds from sales of loans held for investment 1,306 13,985
Proceeds from sales of repossessed assets 9,361 11,583
Purchases of available-for-sale securities (497,327) (1,413,370)
Proceeds from principal repayments and maturities of available-for-sale securities 208,397 531,096
Proceeds from principal repayments and maturities of held-to-maturity securities 400 142
Additions to premises and equipment (6,764) (3,318)
Proceeds from sale of premises and equipment and other assets 26 245
Net purchases of other investment securities (21) (4,000)
Payment related to previous acquisition 0 (3,382)
Net cash used in investing activities (332,992) (768,093)
Cash flows from financing activities:    
Net (decrease) increase in deposits (456,211) 697,974
Repayments of long-term borrowings (100,000) 0
Repurchase of outstanding common stock (52,713) (2,375)
Dividends paid on common stock (19,727) (15,184)
Dividends paid on preferred stock 0 (669)
Net cash (used in) provided by financing activities (628,651) 679,746
Net (decrease) increase in cash and cash equivalents (846,809) 24,331
Cash and cash equivalents at beginning of year 2,543,058 1,493,833
Cash and cash equivalents at end of year 1,696,249 1,518,164
Cash and cash equivalents include:    
Cash and due from banks 1,694,066 1,515,232
Money market instruments 2,183 2,932
Cash and Cash Equivalents, at Carrying Value, Total $ 1,696,249 $ 1,518,164