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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 $ 35,081 $ 59,682
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses [1] 48,480 13,084
Depreciation and amortization of premises and equipment 4,952 4,732
Net amortization on securities 1,596 1,619
Amortization of intangible assets 1,717 1,861
Amortization of operating lease right-of use assets 3,702 3,590
Excess tax benefit on stock-based compensation (178) (311)
Stock-based compensation expense 3,309 3,140
Bank owned life insurance income (2,755) (2,563)
Amortization of subordinated debt issuance costs 17 0
Proceeds from sale of loans held for sale 101,286 65,099
Originations of loans held for sale (106,381) (73,562)
Net gains on sale of loans held for sale (829) (256)
Net security losses 632 12
Net gains on sale of other real estate owned (85) (155)
Net change in other assets and other liabilities (13,502) (14,151)
Net cash provided by operating activities 77,042 61,821
Investing activities    
Net cash used in acquisitions (3,899) 0
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 148,658 136,764
Proceeds from sales 0 26,203
Purchases (255,143) (120,812)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 116,022 88,299
Proceeds from sales 996 0
Purchases (86,209) (49,482)
Equity securities:    
Purchases 0 (34)
Other:    
Net increase in loans (502,382) (89,334)
Proceeds from Federal Home Loan Bank stock redemption 48,672 98,869
Purchases of Federal Home Loan Bank stock (36,588) (91,636)
Proceeds from settlement of bank owned life insurance 527 0
Purchases of premises and equipment, net (3,586) (2,582)
Proceeds from sales of other real estate owned 777 739
Net cash used in investing activities (572,155) (3,006)
Financing activities    
Net increase in deposits 1,228,071 225,495
Net decrease in short-term borrowings (315,619) (262,330)
Proceeds from issuance subordinated debt 100,000 0
Payment of subordinated debt issuance costs (2,035) 0
Proceeds from issuance of long-term debt 0 10,598
Repayments of long-term debt (57) (55)
Proceeds from the issuance of shares to employee and other stock plans 184 172
Cash paid by employer for tax-withholdings on stock issuance (1,168) (1,440)
Purchase of treasury stock (7,980) 0
Cash dividends (23,634) (22,778)
Net cash provided by (used in) financing activities 977,762 (50,338)
Net increase in cash and cash equivalents 482,649 8,477
Cash and cash equivalents at beginning of period 216,843 180,955
Cash and cash equivalents at end of period 699,492 189,432
Cash paid during the period for:    
Interest expense 19,985 27,596
Income taxes paid, net of refund 4,157 13,074
Noncash investing activities:    
Loans transferred to other real estate owned 1,017 346
Acquisitions    
Fair value of assets acquired $ 3,328 $ 0
[1] Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on incurred loss methodology.