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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Interest and dividends received $ 308,061 $ 301,634
Service charges and other fees received 27,427 29,918
Interest paid (4,866) (10,975)
Net cash paid to vendors, employees and others (135,640) (136,948)
Income taxes (58,402) (45,610)
Net cash provided by operating activities 136,580 138,019
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions 16,303 (41,436)
Proceeds from repayment of investment securities available-for-sale 599,139 426,684
Proceeds from maturity of investment securities available-for-sale 0 3,506
Purchases of investment securities available-for-sale (1,247,286) (870,934)
Proceeds from repayment and maturity of investment securities held-to-maturity 113,134 106,491
Purchases of investment securities held-to-maturity (830,886) (11,210)
Net increase in equity investments (4,934) (2,890)
Net decrease (increase) in loan and lease finance receivables 529,771 (815,151)
Proceeds from sale of building, net of selling costs 1,157 2,131
Purchase of premises and equipment (2,278) (2,444)
Purchase of BOLI (25,000) 0
Proceeds from BOLI death benefit 11,121 4,589
Proceeds from sales of other real estate owned 3,869 0
Net cash used in investing activities (835,890) (1,200,664)
Cash Flows from Financing Activities    
Net increase in other deposits 1,250,970 2,465,066
Net decrease in time deposits (57,255) (1,160)
Net (decrease) increase in other borrowings (5,000) 10,000
Net increase in customer repurchase agreements 220,173 54,761
Repayment of junior subordinated debentures (25,774) 0
Cash dividends on common stock (73,341) (74,068)
Repurchase of common stock (8,246) (92,687)
Proceeds from exercise of stock options 986 168
Net cash provided by financing activities 1,302,513 2,362,080
Net increase in cash and cash equivalents 603,203 1,299,435
Cash and cash equivalents, beginning of period 1,958,160 185,518
Cash and cash equivalents, end of period 2,561,363 1,484,953
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 164,825 127,103
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of building, net (189) (1,680)
Gain on sale of other real estate owned (477) 0
Increase in BOLI (7,093) (4,028)
Net amortization of premiums and discounts on investment securities 23,221 10,181
Accretion of discount for acquired loans, net (10,158) (13,106)
(Recapture of) provision for credit losses (25,500) 23,500
(Recapture of) provision for unfunded loan commitments (1,000) 0
Valuation allowance on other real estate owned 0 700
Stock-based compensation 4,049 4,373
Depreciation and amortization, net (7,143) 2,173
Change in other assets and liabilities (3,955) (11,197)
Total adjustments (28,245) 10,916
Net cash provided by operating activities 136,580 138,019
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled $ 421,751 $ 0