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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 75,382 $ 86,961
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,995 7,680
Amortization of intangible assets 7,191 8,034
Net accretion on securities, loans and borrowings (5,902) (3,462)
Stock-based compensation 3,233 2,757
Provision for credit losses 15,368 3,822
Amortization of mortgage servicing rights 166 188
Gain on sale of investment securities, net 0 (4,882)
Unrealized loss (gain) on equity securities 18 (18)
Income from bank-owned life insurance policies (866) (769)
Net (gain) loss on sale of loans and other assets (529) 19
Change in other assets and other liabilities (6,701) (10,406)
Net cash provided by operating activities 95,355 89,924
Investing activities:    
Proceeds from sales of available-for-sale investment securities 0 590,179
Proceeds from maturities, calls, and paydowns of available-for-sale investment securities 130,739 99,105
Proceeds from maturities and redemptions of equity and other investment securities 406 2,537
Purchases of available-for-sale investment securities (65,211) (60,826)
Purchases of equity and other securities (24) (144)
Net increase in loans (296,873) (8,457)
Cash received (paid) for acquisitions, net of cash acquired of $55,973 and $0, respectively 34,360 (1,200)
Purchases of premises and equipment, net (4,641) (3,963)
Real estate tax credit investments (550) (564)
Net cash (used in) provided by investing activities (201,794) 616,667
Financing activities:    
Net increase in deposits 1,335,437 165,834
Net decrease in borrowings (83,563) (171,453)
Issuance of common stock 13,023 1,221
Purchases of treasury stock (139) (145)
Sales of treasury stock 85 3,340
Increase in deferred compensation arrangements 139 145
Cash dividends paid (42,609) (39,381)
Withholding taxes paid on share-based compensation (1,084) (3,150)
Net cash provided by (used in) financing activities 1,221,289 (43,589)
Change in cash and cash equivalents 1,114,850 663,002
Cash and cash equivalents at beginning of period 205,030 211,834
Cash and cash equivalents at end of period 1,319,880 874,836
Supplemental disclosures of cash flow information:    
Cash paid for interest 12,336 11,725
Cash paid for income taxes 10,459 21,775
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 22,104 19,663
Transfers from loans to other real estate 990 1,179
Acquisitions:    
Common stock issued 76,942 0
Fair value of assets acquired, excluding acquired cash and intangibles 549,983 0
Fair value of liabilities assumed $ 530,767 $ 0