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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities:    
Net Income $ 23,123 $ 33,749
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 14,310 3,360
Provision for unfunded commitments 2,112  
Depreciation and amortization 1,171 1,672
Amortization of operating lease right-of-use assets   646
Gains on sale of loans (944) (1,388)
Gains on sale of GNMA loans   (55)
Securities premium amortization (discount accretion), net 1,513 1,371
Origination of loans held for sale (187,338) (91,736)
Proceeds from sale of loans held for sale 184,953 92,165
Net increase in cash surrender value of BOLI (414) (425)
Deferred income tax (benefit) expense (562) 1,264
Net gain on sale of investment securities (822) (912)
Stock-based compensation expense 996 2,029
Net tax (expense) benefits from stock compensation (312) 10
(Increase) decrease in other assets (15,337) 9,897
Increase (decrease) in other liabilities 13,337 (23,943)
Net cash provided by operating activities 35,786 27,704
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (138,594) (34,748)
Proceeds from maturities of available-for-sale securities 54,426 26,674
Proceeds from sale/call of available-for-sale securities 78,030 22,808
Purchases of Federal Reserve and Federal Home Loan Bank stock (9,044) (16,164)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 4,250 4,675
Net increase in loans (293,507) (184,972)
Increase in premises and equipment (83) (876)
Net cash used in investing activities (304,522) (182,603)
Cash Flows From Financing Activities:    
Increase (decrease) in deposits 917,177 (291,366)
Increase (decrease) in customer repurchase agreements 397 (3,995)
Increase in short-term borrowings 50,000 250,000
Increase in long-term borrowings 50,000  
Proceeds from exercise of equity compensation plans   296
Proceeds from employee stock purchase plan 196 190
Common stock repurchased (44,168)  
Cash dividends paid (7,225)  
Net cash provided (used in) by financing activities 966,377 (44,875)
Net Increase (Decrease) In Cash and Cash Equivalents 697,641 (199,774)
Cash and Cash Equivalents at Beginning of Period 241,973 321,864
Cash and Cash Equivalents at End of Period 939,614 122,090
Supplemental Cash Flows Information:    
Interest paid 26,483 26,749
Income taxes paid   17,950
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets   $ 29,574
Transfers from loans to other real estate owned $ 6,750