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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Interest and dividends received $ 200,495 $ 202,574
Service charges and other fees received 18,083 19,935
Interest paid (3,572) (7,840)
Net cash paid to vendors, employees and others (97,222) (88,778)
Income taxes (47,085) (28,810)
Net cash provided by operating activities 70,699 97,081
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions 17,305 (35,680)
Proceeds from repayment of investment securities available-for-sale 424,999 243,397
Proceeds from maturity of investment securities available-for-sale 0 3,490
Purchases of investment securities available-for-sale (949,645) 0
Proceeds from repayment and maturity of investment securities held-to-maturity 82,937 71,597
Purchases of investment securities held-to-maturity (545,681) (1,509)
Net increase in equity investments (5,692) (3,040)
Net decrease (increase) in loan and lease finance receivables 297,796 (821,352)
Proceeds from sale of building, net of selling costs 1,157 0
Purchase of premises and equipment (2,299) (1,550)
Purchase of BOLI (25,000) 0
Proceeds from BOLI death benefit 11,121 3,159
Proceeds from sales of other real estate owned 3,869 0
Net cash used in investing activities (689,133) (541,488)
Cash Flows from Financing Activities    
Net increase in other deposits 968,729 2,265,270
Net (decrease) increase in time deposits (36,173) 13,382
Net (decrease) increase in other borrowings (5,000) 10,000
Net increase in customer repurchase agreements 138,801 39,497
Repayment of junior subordinated debentures (25,774) 0
Cash dividends on common stock (48,874) (49,668)
Repurchase of common stock (534) (92,430)
Proceeds from exercise of stock options 964 121
Net cash provided by financing activities 992,139 2,186,172
Net increase in cash and cash equivalents 373,705 1,741,765
Cash and cash equivalents, beginning of period 1,958,160 185,518
Cash and cash equivalents, end of period 2,331,865 1,927,283
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 115,072 79,611
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of building, net (189) 0
Gain on sale of other real estate owned (477) 0
Increase in BOLI (5,864) (2,578)
Net amortization of premiums and discounts on investment securities 14,908 5,931
Accretion of discount for acquired loans, net (7,511) (8,795)
(Recapture of) provision for credit losses (21,500) 23,500
(Recapture of) provision for unfunded loan commitments (1,000) 0
Stock-based compensation 2,672 2,966
Depreciation and amortization, net (4,838) 3,685
Change in other assets and liabilities (20,574) (7,239)
Total adjustments (44,373) 17,470
Net cash provided by operating activities 70,699 97,081
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled $ 110,430 $ 162,090