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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 288,066 $ 210,800
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 79,166 55,192
Accretion of discount and amortization of premiums, net (13,348) (29,960)
Stock-based compensation 10,115 9,210
Deferred tax expenses 3,699 4,357
Provision for credit losses 17,753 7,493
Net gains on sales of loans (4,300) (4,809)
Net gains on sales of available-for-sale investment securities (5,194) (6,678)
Net gains on sales of premises and equipment (73,049) (2,430)
Originations and purchases of loans held-for-sale (9,806) (3,364)
Proceeds from sales and paydowns/payoffs in loans held-for-sale 9,984 4,794
Net change in accrued interest receivable and other assets 94,552 (5,587)
Net change in accrued expenses and other liabilities (14,986) 32,317
Other net operating activities (2,399) (32)
Total adjustments 92,187 60,503
Net cash provided by operating activities 380,253 271,303
Net (increase) decrease in:    
Loans held-for-investment (1,660,828) (265,422)
Interest-bearing deposits with banks 31,060 65,113
Investments in qualified affordable housing partnerships, tax credit and other investments, net (69,467) (44,672)
Purchases of:    
Resale agreements (550,000) (1,100,000)
Available-for-sale investment securities (272,698) (693,406)
Loans held-for-investment (368,698) (781,524)
Premises and equipment (4,990) (6,485)
Proceeds from sale of:    
Available-for-sale investment securities 551,889 864,743
Loans held-for-investment 361,380 398,010
Other real estate owned (“OREO”) 5,298 1,351
Premises and equipment 116,021 7,276
Paydowns and maturities of resale agreements 950,000 1,050,000
Repayments, maturities and redemptions of available-for-sale investment securities 244,770 443,641
Other net investing activities 22,557 11,694
Net cash used in investing activities (643,706) (49,681)
Net increase (decrease) in:    
Customer deposits 1,245,282 752,849
Short-term borrowings (36,521) 30,064
Proceeds from:    
Issuance of common stock pursuant to various stock compensation plans and agreements 1,008 1,062
Payments for:    
Repayment of FHLB advances 0 (700,000)
Repayment of long-term debt (10,000) (10,000)
Repurchase of vested shares due to employee tax liability (12,259) (3,094)
Cash dividends on common stock (58,949) (58,152)
Other net financing activities 0 1,005
Net cash provided by financing activities 1,128,561 13,734
Effect of exchange rate changes on cash and cash equivalents 8,865 (3,447)
NET INCREASE IN CASH AND CASH EQUIVALENTS 873,973 231,909
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,878,503 1,360,887
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,752,476 1,592,796
Cash paid during the period for:    
Interest 63,416 50,044
Income tax payments, net 14,799 6,359
Noncash investing and financing activities:    
Loans held-for-investment transferred to loans held-for-sale, net 343,977 575,804
Held-to-maturity investment security retained from securitization of loans 0 160,135
Unsettled purchases of available-for-sale investment securities 0 57,711
Unsettled purchases of loans receivable $ 0 $ 106,114