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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 134,277 $ 138,027
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (5,450) (9,000)
Depreciation and amortization of premises and equipment 14,963 13,775
Net amortization of investment securities premiums 7,027 7,546
Investment securities gains, net (27) (33,511)
Gain on sales of mortgage loans held for sale (5,568) (14,094)
Proceeds from sales of mortgage loans held for sale 297,511 554,406
Originations of mortgage loans held for sale (273,704) (498,350)
Intangible amortization 353 293
Amortization of issuance costs and discounts on long-term borrowings 379 1,378
Debt extinguishment costs 0 32,575
Stock-based compensation 6,375 4,000
Change in deferred federal income tax (96,703) (4,503)
Change in accrued salaries and benefits 1,274 4,746
Change in life insurance cash surrender value (28,742) (13,736)
Other changes, net (67,652) 50,032
Total adjustments (149,964) 95,557
Net cash (used in) provided by operating activities (15,687) 233,584
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 109,252 125,811
Proceeds from principal repayments and maturities of AFS securities 316,037 246,740
Proceeds from principal repayments and maturities of HTM securities 67,230 58,470
Purchase of AFS securities (501,642) (766,574)
Purchase of HTM securities (9,541) (227,687)
Sale of Visa Shares 0 33,962
(Increase) decrease of FRB and FHLB stock (4,511) 29,498
(Increase) decrease of federal funds sold (30,500) 0
Net increase in loans (590,797) 300,929
Net purchases of premises and equipment (6,245) (10,648)
Net cash paid for acquisition 0 292
Net change in tax credit investments (18,735) (8,065)
Net cash (used in) provided by investing activities (669,452) (217,272)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in demand and savings deposits (253,864) 1,234,732
Net (decrease) increase in time deposits (175,769) (349,627)
Net (decrease) increase in short-term borrowings 39,421 (96,317)
Proceeds from long-term borrowings 546 620
Repayments of long-term borrowings (65,140) (703,624)
Net proceeds from issuance of common stock 2,698 2,715
Dividends paid (51,693) (48,584)
Net cash (used in) provided by financing activities (503,801) 39,915
Net (decrease) increase in Cash and Cash Equivalents (1,188,940) 56,227
Cash and Cash Equivalents at Beginning of Period 1,638,614 1,847,832
Cash and Cash Equivalents at End of Period 449,674 1,904,059
Cash paid during the period for:    
Interest 24,149 37,805
Income taxes 15,692 8,127
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 479,008 $ 376,165