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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 70,194 $ 92,061
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses [1] 51,741 19,408
Depreciation and amortization of premises and equipment 7,378 7,106
Net amortization on securities 2,812 2,495
Amortization of intangible assets 2,573 2,735
Amortization of operating lease right-of-use assets 5,549 5,396
Excess tax benefit on stock-based compensation (188) (371)
Stock-based compensation expense 3,957 3,596
Bank owned life insurance income (4,010) (4,119)
Amortization of subordinated debt issuance costs 121 0
Proceeds from sale of loans held for sale 153,732 109,661
Originations of loans held for sale (144,105) (119,753)
Net gains on sale of loans held for sale (1,892) (475)
Net security losses (gains) 548 (4,024)
Net gains on sale of other real estate owned (243) (178)
Net change in other assets and other liabilities (40,760) (9,579)
Net cash provided by operating activities 107,407 103,959
Investing activities    
Net cash used in acquisitions (3,899) 0
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 239,622 226,070
Proceeds from sales 0 26,203
Purchases (437,827) (160,781)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 181,143 165,997
Proceeds from sales 996 0
Purchases (215,327) (61,150)
Equity securities:    
Proceeds from sales 0 3,966
Purchases 0 (93)
Other:    
Net increase in loans (436,630) (146,778)
Proceeds from Federal Home Loan Bank stock redemption 58,799 147,200
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (42,663) (131,461)
Proceeds from settlement of bank owned life insurance 531 1,085
Purchases of premises and equipment, net (4,512) (4,018)
Proceeds from sales of other real estate owned 1,113 1,129
Net cash (used in) provided by investing activities (658,654) 67,369
Financing activities    
Net increase in deposits 1,370,363 374,955
Net decrease in short-term borrowings (471,803) (428,430)
Proceeds from issuance of subordinated debt 100,000 0
Payment of subordinated debt issuance costs (2,178) 0
Proceeds from issuance of long-term debt 0 10,598
Repayments of long-term debt (85) (83)
Proceeds from the issuance of shares to employee and other stock plans 184 543
Cash paid by employer for tax-withholdings on stock issuance (1,218) (1,596)
Purchase of treasury stock (7,980) 0
Cash dividends (35,419) (34,174)
Net cash provided by (used in) financing activities 951,864 (78,187)
Net increase in cash and cash equivalents 400,617 93,141
Cash and cash equivalents at beginning of period 216,843 180,955
Cash and cash equivalents at end of period 617,460 274,096
Cash paid during the period for:    
Interest expense 26,373 42,709
Income taxes paid, net of refund 38,137 19,945
Noncash investing activities:    
Loans transferred to other real estate owned 1,017 654
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.