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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Interest and dividends received $ 202,574 $ 221,542
Service charges and other fees received 19,935 21,368
Interest paid (7,840) (10,889)
Net cash paid to vendors, employees and others (88,778) (106,919)
Income taxes (28,810) (42,500)
Net cash provided by operating activities 97,081 82,602
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions (35,680) 1,245
Proceeds from repayment of investment securities available-for-sale 243,397 164,571
Proceeds from maturity of investment securities available-for-sale 3,490 4,255
Proceeds from repayment and maturity of investment securities held-to-maturity 71,597 51,690
Purchases of investment securities held-to-maturity (1,509) (37,110)
Net increase in equity investments (3,040) (2,811)
Net (increase) decrease in loan and lease finance receivables (821,352) 247,450
Proceeds on eminent domain condemnation, net 0 5,685
Proceeds from sale of building, net 0 5,487
Purchase of premises and equipment (1,550) (2,628)
Proceeds from BOLI death benefit 3,159 175
Proceeds from sales of other real estate owned 0 523
Net cash (used in) provided by investing activities (541,488) 438,532
Cash Flows from Financing Activities    
Net increase (decrease) in other deposits 2,265,270 (112,317)
Net increase (decrease) in time deposits 13,382 (52,350)
Net increase (decrease) in other borrowings 10,000 (280,000)
Net increase (decrease) in customer repurchase agreements 39,497 (20,984)
Cash dividends on common stock (49,668) (44,836)
Repurchase of common stock (92,430) (812)
Proceeds from exercise of stock options 121 2,057
Net cash provided by (used in) financing activities 2,186,172 (509,242)
Net increase in cash and cash equivalents 1,741,765 11,892
Cash and cash equivalents, beginning of period 185,518 163,948
Cash and cash equivalents, end of period 1,927,283 175,840
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 79,611 106,123
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on eminent domain condemnation, net 0 (5,685)
Gain on sale of building, net 0 (4,545)
Gain on sale of other real estate owned 0 (105)
Increase in BOLI (2,578) (3,589)
Net amortization of premiums and discounts on investment securities 5,931 5,054
Accretion of discount for acquired loans, net (8,795) (15,215)
Provision for credit losses 23,500 3,500
Stock-based compensation 2,966 1,971
Depreciation and amortization, net 3,685 7,832
Change in other assets and liabilities (7,239) (12,739)
Total adjustments 17,470 (23,521)
Net cash provided by operating activities 97,081 82,602
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled 162,090 0
Transfer of loans to other real estate owned $ 0 $ 2,275