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Consolidated Statements of Cash Flows - (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net Income $ 45,744 $ 43,469
Adjustments to reconcile Net Income to net cash provided by operating activities:    
Reversal of credit losses (2,787) (2,350)
Reversal of credit losses for unfunded commitments (11) (442)
Depreciation and amortization 843 1,078
Gain on sale of loans (1,492) (5,178)
Gain on mortgage servicing rights (930) (140)
Securities (discount accretion) premium amortization, net 2,660 2,705
Origination of loans held for sale (114,699) (432,372)
Proceeds from sale of loans held for sale 137,905 383,559
Net increase in cash surrender value of BOLI (626) (389)
Net loss (gain) on sale of investment securities 25 (221)
Stock-based compensation expense 2,966 1,825
Net tax expense from stock-based compensation 1,609 144
Increase in other assets (3,960) (777)
(Decrease) increase in other liabilities (6,395) 20,346
Net Cash Provided by Operating Activities 60,852 11,257
Investment securities available-for-sale:    
Purchases (311,705) (347,787)
Proceeds from maturities 83,050 85,116
Proceeds from sale/call 6,225 28,505
Investment securities held-to-maturity:    
Purchases (237,036) 0
Proceeds from maturities 5,548 0
Purchases of Federal Reserve and Federal Home Loan Bank stock (60) (43)
Sale of Federal Reserve and Federal Home Loan Bank stock 5,186 6,169
Net (increase) decrease in loans (48,667) 228,275
Net change in premises and equipment (269) (2,397)
Net Cash Used in Investing Activities (497,728) (2,162)
Cash Flows From Financing Activities:    
(Decrease) increase in deposits (395,281) 9,641
Increase (decrease) in customer repurchase agreements 4,375 (6,665)
Decrease in short-term borrowings (150,000) 0
Repayment of long-term borrowings 0 (50,000)
Proceeds from issuance of common stock 0 139
Proceeds from employee stock purchase plan 197 0
Proceeds from exercise of equity compensation plans 19 0
Common stock repurchased 0 (62)
Tax equivalent shares withheld on exercise of stock-based compensation plans (1,609) 0
Cash dividends paid (12,665) (7,932)
Net Cash Used in Financing Activities (554,964) (54,879)
Net Decrease in Cash and Cash Equivalents (991,840) (45,784)
Cash and Cash Equivalents at Beginning of Period 1,714,222 1,789,055
Cash and Cash Equivalents at End of Period 722,382 1,743,271
Supplemental Cash Flows Information:    
Interest paid 7,574 14,384
Income taxes paid 0 0
Non-Cash Investing Activities    
Initial recognition of operating lease right-of-use assets 0 7,339
Change in fair value of investment securities available-for-sale $ 922,795 $ 0