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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 56,384 $ 86,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangibles 7,799 7,962
Provision for credit losses 32,017 10,200
Provision for credit loss for off-balance sheet credit exposure 5,714 0
Deferred tax benefit (7,531) (112)
Amortization of operating lease right-of-use assets 6,565 6,303
Income on Bank-owned life insurance (4,290) (4,253)
Net amortization of premiums and discounts on securities 6,881 5,619
Accretion of net deferred loan fees (6,079) (3,872)
Amortization of premiums on purchased loans, net 779 584
Net increase in loans originated for sale (13,559) (14,414)
Proceeds from sales of loans originated for sale 14,347 15,235
Proceeds from sales and paydowns of foreclosed assets 3,491 1,063
ESOP expense 2,127 3,121
Allocation of stock award shares 3,866 4,884
Allocation of stock options 142 135
Net gain on sale of loans (788) (821)
Net gain on securities transactions (55) (29)
Net gain on sale of premises and equipment (806) 0
Net gain on sale of foreclosed assets (859) (182)
Decrease in accrued interest receivable 5,989 2,384
Increase in other assets (145,561) (50,146)
Increase in other liabilities 78,047 38,291
Net cash provided by operating activities 44,620 108,634
Cash flows from investing activities:    
Proceeds from maturities, calls and paydowns of held to maturity debt securities 49,422 30,789
Purchases of held to maturity debt securities (31,686) (15,976)
Proceeds from sales of securities 13,905 0
Proceeds from maturities and paydowns of available for sale debt securities 247,660 151,632
Purchases of available for sale debt securities (137,879) (116,972)
Proceeds from redemption of Federal Home Loan Bank stock 88,909 125,894
Purchases of Federal Home Loan Bank stock (90,370) (125,802)
Cash received, net of cash consideration paid for acquisition 78,089 (15,022)
BOLI claim benefits received 6,527 1,891
Net increase in loans (668,612) (13,967)
Proceeds from sales of premises and equipment 806 0
Purchases of premises and equipment (6,977) (2,796)
Net cash (used in) provided by investing activities (450,206) 19,671
Cash flows from financing activities:    
Net increase in deposits 698,854 131,249
Increase in mortgage escrow deposits 706 404
Cash dividends paid to stockholders (49,106) (59,591)
Shares issued dividend reinvestment plan 451 1,764
Purchase of treasury stock (7,256) (19,867)
Purchase of employee restricted shares to fund statutory tax withholding (974) (1,985)
Stock options exercised 0 139
Proceeds from long-term borrowings 1,810,999 1,009,000
Payments on long-term borrowings (1,649,915) (891,955)
Net decrease in short-term borrowings (74,783) (179,264)
Net cash provided by (used in) financing activities 728,976 (10,106)
Net increase in cash and cash equivalents 323,390 118,199
Cash and cash equivalents at beginning of period 186,748 142,661
Cash and cash equivalents at end of period 510,138 260,860
Cash paid during the period for:    
Interest on deposits and borrowings 37,506 55,474
Income taxes 22,534 21,137
Non-cash investing activities:    
Initial recognition of operating lease right-of-use assets 0 44,946
Initial recognition of operating lease liabilities 0 46,050
Transfer of loans receivable to foreclosed assets 2,516 850
Non-cash assets acquired at fair value:    
Investment securities 255,242 0
Loans, net 1,752,529 0
Bank-owned life insurance 37,237 0
Goodwill and other intangible assets 32,404 21,562
Bank premises and equipment 16,620 0
Other assets 19,786 71
Total non-cash assets acquired at fair value 2,113,818 $ 21,633
Liabilities assumed    
Deposits 1,757,777  
Borrowings and subordinated debt 226,656  
Other Liabilities 26,648  
Total liabilities assumed $ 2,011,081  
Common stock issued for acquisitions 180,828,000