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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 69,376 $ 77,352
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and net amortization 7,972 8,332
Securities premium amortization (discount accretion), net 3,791 13,861
Loan (discount accretion) premium amortization, net 296 (267)
Provision for (reversal of) credit losses 6,873 1,155
Stock compensation expense 2,713 2,426
Deferred tax expense (benefit) (1,868) 103
Net (gain) loss on sale of AFS securities 5,590 3,819
Net (gain) loss on sale of equity securities (5,058) 0
Loss on impairment of investments 0 38
Net loss on premises and equipment 106 435
Gross proceeds from sales of loans held for sale 12,941 20,195
Gross originations of loans held for sale (13,656) (18,932)
Net (gain) loss on OREO (53) (12)
Gain on purchase of subordinated notes (587) 0
Net change in:    
Interest receivable 9,704 6,231
Other assets (5,665) 76,432
Interest payable 10,545 925
Other liabilities 33,434 16,271
Net cash provided by (used in) operating activities 136,454 208,364
Securities AFS:    
Purchases (1,137,694) (697,393)
Sales 747,434 460,765
Maturities, calls and principal repayments 324,964 98,046
Securities HTM:    
Purchases 0 (1,632)
Maturities, calls and principal repayments 21,010 11,020
Proceeds from sales of equity securities 6,679 0
Proceeds from redemption of FHLB stock and equity investments 30,767 26,623
Purchases of FHLB stock and equity investments (34,249) (24,346)
Net loan paydowns (originations) (274,843) (418,546)
Purchases of premises and equipment (5,071) (8,370)
Proceeds from BOLI 951 0
Proceeds from sales of premises and equipment 430 1,365
Net proceeds from sales of OREO 146 34
Proceeds from sales of repossessed assets 168 47
Net cash provided by (used in) investing activities (319,308) (552,387)
FINANCING ACTIVITIES:    
Net change in deposits 151,446 430,321
Net change in other borrowings 174,056 51,502
Proceeds from FHLB borrowings 1,659,000 2,501,000
Repayment of FHLB borrowings (1,599,529) (2,601,507)
Purchase of subordinated notes (4,365) 0
Proceeds from stock option exercises 705 912
Cash paid to tax authority related to tax withholding on share-based awards (281) (407)
Purchase of common stock (40,120) (12,509)
Proceeds from the issuance of common stock for dividend reinvestment plan 908 913
Cash dividends paid (32,395) (32,828)
Net cash provided by (used in) financing activities 309,425 337,397
Net increase (decrease) in cash and cash equivalents 126,571 (6,626)
Cash and cash equivalents at beginning of period 199,252 201,753
Cash and cash equivalents at end of period 325,823 195,127
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Interest paid 89,715 21,428
Income taxes paid 12,250 8,200
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Loans transferred to other repossessed assets and real estate through foreclosure 127 266
Transfer of AFS to HTM securities 0 1,166,550
Unsettled trades to purchase securities 24,917 0
Unsettled trades to repurchase common stock 541 0
Unsettled issuances of brokered CDs $ 0 $ 28,481