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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 55,720 $ 49,821
Proceeds from sales of loans held for sale 81,403 72,229
Originations of loans held for sale (88,864) (65,788)
Items not requiring (providing) cash:    
Depreciation 7,076 6,842
Amortization 1,566 1,837
Compensation expense for stock option grants 667 539
Provision for loan losses 5,500 5,200
Net gains on loan sales (1,645) (1,438)
Net realized gains on sales of available-for-sale securities (10) (2)
Net (gains) losses on sale of premises and equipment (24) 122
Net losses on sale/write-down of other real estate owned and repossessions 205 2,003
Gain realized on sale of business units 0 (7,414)
Accretion of deferred income, premiums, discounts and other (2,949) (2,032)
(Gain) loss on derivative interest rate products 169 (53)
Deferred income taxes (193) (6,278)
Changes in:    
Interest receivable (253) (670)
Prepaid expenses and other assets (1,940) 5,967
Accrued expenses and other liabilities 3,333 1,331
Income taxes refundable/payable 4,414 11,158
Net cash provided by operating activities 64,175 73,374
CASH FLOWS FROM INVESTING ACTIVITIES    
Net change in loans (123,401) (171,672)
Purchase of loans (57,545) (57,382)
Cash Paid for Sale of Business Units 0 (50,356)
Purchase of premises and equipment (8,274) (7,833)
Proceeds from sale of premises and equipment 172 2,296
Proceeds from sale of other real estate owned and repossessions 12,867 16,124
Capitalized costs on other real estate owned (93) (153)
Proceeds from sales of available-for-sale securities 28,057 502
Proceeds from maturities and calls of held-to-maturity securities 0 130
Proceeds from maturities and calls of available-for-sale securities 13,370 2,366
Principal reductions on mortgage-backed securities 12,788 17,134
Purchase of available-for-sale securities (143,151) (36,677)
Redemption (purchase) of Federal Home Loan Bank stock 673 (3,736)
Net cash used in investing activities (264,537) (289,257)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in certificates of deposit 136,194 84,177
Net increase (decrease) in checking and savings deposits 73,995 (24,535)
Proceeds from Federal Home Loan Bank advances 0 2,363,500
Repayments of Federal Home Loan Bank advances 0 (2,251,000)
Net increase (decrease) in short-term borrowings (4,293) 16,409
Advances from borrowers for taxes and insurance 5,313 3,539
Dividends paid (24,219) (11,288)
Purchase of the Company's common stock (849) 0
Stock options exercised 2,356 1,649
Net cash provided by financing activities 188,497 182,451
DECREASES IN CASH AND CASH EQUIVALENTS (11,865) (33,432)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 202,742 242,253
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 190,877 $ 208,821