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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 $ 64,288 $ 73,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (6,950) (5,500)
Depreciation and amortization of premises and equipment 7,510 6,870
Net amortization of investment securities premiums 3,356 3,716
Investment securities gains, net (19) (33,475)
Gain on sales of mortgage loans held for sale (3,026) (8,656)
Proceeds from sales of mortgage loans held for sale 169,010 294,478
Originations of mortgage loans held for sale (157,891) (236,028)
Intangible amortization 176 115
Amortization of issuance costs and discounts on long-term borrowings 206 1,146
Debt extinguishment costs 0 32,163
Stock-based compensation 2,635 1,902
Change in deferred federal income tax (55,200) (11,846)
Change in accrued salaries and benefits (15,924) (3,750)
Change in life insurance cash surrender value (27,347) (1,772)
Other changes, net (88,605) 90,986
Total adjustments (172,069) 130,349
Net cash (used in) provided by operating activities (107,781) 203,412
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 108,961 59,342
Proceeds from principal repayments and maturities of AFS securities 92,338 134,684
Proceeds from principal repayments and maturities of HTM securities 25,688 29,066
Purchase of AFS securities (335,199) (304,493)
Purchase of HTM securities (9,541) (227,687)
Sale of Visa Shares 0 33,962
Sale (purchase) of FRB and FHLB stock (94) 25,920
Net increase in loans (149,715) (96,347)
Net purchases of premises and equipment (5,410) (4,425)
Net change in tax credit investments (15,951) (977)
Net cash (used in) provided by investing activities (288,923) (350,955)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in demand and savings deposits 38,376 971,180
Net (decrease) increase in time deposits (70,701) (176,549)
Net (decrease) increase in short-term borrowings 35,676 (109,077)
Repayments of long-term borrowings (65,057) (703,165)
Net proceeds from issuance of common stock 2,793 2,468
Dividends paid (25,032) (23,270)
Net cash (used in) provided by financing activities (83,945) (38,413)
Net (decrease) increase in Cash and Cash Equivalents (480,649) (185,956)
Cash and Cash Equivalents at Beginning of Period 1,638,614 1,847,832
Cash and Cash Equivalents at End of Period 1,157,965 1,661,876
Cash paid during the period for:    
Interest 13,978 25,235
Income taxes 7,926 477
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 0 $ 376,165