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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2020 | Sep. 30, 2019
Cash flows from operating activities: |  |
Net cash provided by operating activities | $ 173,545 | $ 56,589
Cash flows from investing activities: |  |
Proceeds from sale of property and equipment | 141 | 27
Purchases of property and equipment | (14,580) | (9,723)
Purchases of equity securities | (11,145) | (1,091)
Purchases of available-for-sale debt securities | (735,426) | (194,228)
Purchases of investment real estate, net | (6) | (883)
Proceeds from sales of equity securities | 0 | 29,137
Proceeds from sales of available-for-sale debt securities | 757,812 | 73,041
Proceeds from sales of investment real estate | 0 | 10,537
Maturities of available-for-sale debt securities | 115,543 | 100,304
Net cash provided by investing activities | 112,339 | 7,121
Cash flows from financing activities: |  |
Preferred stock dividend | (8) | (8)
Common stock dividend | (15,516) | (16,618)
Issuance of common stock for stock option exercises | 0 | 239
Purchase of treasury stock | (26,501) | (49,932)
Payments related to tax withholding for share-based compensation | (1,253) | (3,078)
Repayment of debt | (1,103) | (1,103)
Net cash provided by (used in) financing activities | (44,381) | (70,500)
Cash and cash equivalents, and restricted cash and cash equivalents: |  |
Net increase (decrease) during the period | 241,503 | (6,790)
Balance, beginning of period | 184,744 | 169,063
Balance, end of period | 426,247 | 162,273
Cash and cash equivalents, and restricted cash and cash equivalents within the Consolidated Balance Sheets |  |
Total cash and cash equivalents and restricted cash and cash equivalents | $ 184,744 | $ 162,273

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