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Consolidated Statements of Cash Flows - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net Income $ 43,469 $ 23,123
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (2,350) 14,310
Provision for unfunded commitments (442) 2,112
Depreciation and amortization 1,078 1,171
Mortgage servicing rights gain (140) 0
Gains on sale of loans (5,178) (944)
Securities premium amortization (discount accretion), net 2,705 1,513
Origination of loans held for sale (432,372) (187,338)
Proceeds from sale of loans held for sale 383,559 184,953
Net increase in cash surrender value of BOLI (389) (414)
Deferred income tax (benefit) expense 0 (562)
Net gain on sale of investment securities (221) (822)
Stock-based compensation expense 1,825 996
Net tax benefits from stock compensation 144 (312)
(Increase) decrease in other assets (777) (15,337)
Increase (decrease) in other liabilities 20,346 13,337
Net cash provided by operating activities 11,257 35,786
Cash Flows From Investing Activities:    
Purchases of available-for-sale investment securities (347,787) (138,594)
Proceeds from maturities of available-for-sale securities 85,116 54,426
Proceeds from sale/call of available-for-sale securities 28,505 78,030
Purchases of Federal Reserve and Federal Home Loan Bank stock (43) (9,044)
Sale of Federal Reserve and Federal Home Loan Bank stock 6,169 4,250
Net change in loans 228,275 (293,507)
Net change in premises and equipment (2,397) (83)
Net cash used in investing activities (2,162) (304,522)
Cash Flows From Financing Activities:    
Increase in deposits 9,641 917,177
Net change in customer repurchase agreements (6,665) 397
Increase in short-term borrowings 0 50,000
Net change in long-term borrowings (50,000) 50,000
Proceeds from issuance of common stock 139 0
Proceeds from employee stock purchase plan 0 196
Common stock repurchased (62) (44,168)
Cash dividends paid (7,932) (7,225)
Net cash used in financing activities (54,879) 966,377
Net Decrease In Cash and Cash Equivalents (45,784) 697,641
Cash and Cash Equivalents at Beginning of Period 1,789,055 241,973
Cash and Cash Equivalents at End of Period 1,743,271 939,614
Supplemental Cash Flows Information:    
Interest paid 14,384 26,483
Income taxes paid 0 0
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets 7,339 0
Transfers from loans to other real estate owned $ 0 $ 6,750