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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 77,669 $ 46,003
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 5,907 6,878
Loss on sale of investment securities, net 0 2
(Gain) loss on sale of other real estate owned, net (43) 15
Valuation adjustment on other real estate owned 5 67
Provision for loan and lease losses 13,656 11,672
Change in cash surrender value of bank owned life insurance (2,105) (2,104)
Depreciation, amortization and accretion 13,943 14,862
Gain on sale of premises and equipment (1,341) 0
Additions to residential mortgage servicing rights carried at fair value (6,530) (7,041)
Change in fair value of residential mortgage servicing rights carried at fair value (5,079) 7,670
Gain on redemption of junior subordinated debentures at amortized cost (1,043) 0
Change in junior subordinated debentures carried at fair value 0 1,396
Stock-based compensation 1,829 2,804
Net increase in equity and other account assets (107) (277)
Gain on sale of loans, net (14,508) (22,746)
Change in loans held for sale carried at fair value 306 (4,885)
Origination of loans held for sale (687,226) (754,715)
Proceeds from sales of loans held for sale 659,977 795,837
Change in other assets and liabilities:    
Net decrease in other assets 10,116 19,235
Net increase (decrease) in other liabilities 1,814 (54,791)
Net cash provided by operating activities 67,240 59,882
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (89,145) (672,148)
Proceeds from investment securities available for sale 107,908 127,195
Proceeds from investment securities held to maturity 172 124
Purchases of restricted equity securities 0 (1)
Redemption of restricted equity securities 7 7
Net change in loans and leases (274,731) (360,236)
Proceeds from sales of loans 21,629 25,259
Net change in premises and equipment (462) (6,937)
Proceeds from sales of other real estate owned 161 927
Net cash used in investing activities (234,461) (885,810)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 158,771 146,619
Net decrease in securities sold under agreements to repurchase (2,315) (48,668)
Proceeds from term debt borrowings 50,000 100,000
Repayment of term debt borrowings (50,513) (100,000)
Repayment of junior subordinated debentures at amortized cost (10,598) 0
Dividends paid on common stock (39,634) (35,243)
Proceeds from stock options exercised 759 230
Repurchase and retirement of common stock (4,340) (1,796)
Net cash provided by financing activities 102,130 61,142
Net decrease in cash and cash equivalents (65,091) (764,786)
Cash and cash equivalents, beginning of period 634,280 1,449,432
Cash and cash equivalents, end of period 569,189 684,646
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 23,489 18,161
Income taxes 11,440 8,281
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Change in unrealized gains on investment securities available for sale, net of taxes (31,419) 2,539
Change in unrealized gains on junior subordinated debentures carried at fair value, net of taxes (1,253) 0
Junior subordinated debentures, at fair value, cumulative effect adjustment 9,710 0
Cash dividend declared on common stock and payable after period-end 44,016 35,264
Change in GNMA mortgage loans recognized due to repurchase option (6,152) (5,603)
Transfer of loans to other real estate owned 1,444 789
Receivable from BOLI death benefits $ 1,224 $ 0