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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 68,314 $ 64,288
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 24,544 (6,950)
Depreciation and amortization of premises and equipment 7,319 7,510
Net amortization of investment securities premiums 2,981 3,356
Investment securities gains, net (23) (19)
Gain on sales of mortgage loans held for sale (656) (3,026)
Proceeds from sales of mortgage loans held for sale 41,928 169,010
Originations of mortgage loans held for sale (40,515) (157,891)
Intangible amortization 674 176
Amortization of issuance costs and discounts on long-term borrowings 180 206
Stock-based compensation 1,668 2,635
Net change in deferred federal income tax 28,174 (55,200)
Net change in accrued salaries and benefits (24,436) (15,924)
Net change in life insurance cash surrender value (2,830) (27,347)
Other changes, net (61,359) (88,605)
Total adjustments (22,351) (172,069)
Net cash provided by (used in) operating activities 45,963 (107,781)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 80,362 108,961
Proceeds from principal repayments and maturities of AFS securities 28,627 92,338
Proceeds from principal repayments and maturities of HTM securities 15,103 25,688
Purchase of AFS securities (64,996) (335,199)
Purchase of HTM securities 0 (9,541)
Net change in FRB and FHLB stock 22,581 (94)
Net change in loans (404,842) (149,715)
Net purchases of premises and equipment (2,437) (5,410)
Net change in tax credit investments (12,412) (15,951)
Net cash used in investing activities (338,014) (288,923)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits (390,376) 38,376
Net change in time deposits 1,057,432 (70,701)
Net change in other borrowings (424,617) 35,676
Repayments of senior debt and subordinated debt 0 (65,057)
Net proceeds from issuance of common stock 2,595 2,793
Dividends paid (27,702) (25,032)
Acquisition of treasury stock (40,449) 0
Net cash provided by (used in) financing activities 176,883 (83,945)
Net decrease in Cash and Cash Equivalents (115,168) (480,649)
Cash and Cash Equivalents at Beginning of Period 681,921 1,638,614
Cash and Cash Equivalents at End of Period 566,753 1,157,965
Cash paid during the period for:    
Interest 72,526 13,978
Income taxes $ 7,308 $ 7,926