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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 53,420,000 $ 32,004,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for Loan and Lease Losses 1,662,000 1,700,000
Specific reserve, other real estate owned 71,000 45,000
Depreciation of bank premises and equipment 6,273,000 6,227,000
Gain on sale of bank premises and equipment (8,000) (15,000)
Gain on sale of other real estate owned (2,000) (4,000)
Accretion of investment securities discounts (75,000) (120,000)
Amortization of investment securities premiums 5,700,000 7,021,000
Investment securities transactions, net   (927,000)
Unrealized loss on equity securities with readily determinable fair values 774,000  
Amortization of identified intangible assets   25,000
Stock based compensation expense 185,000 268,000
Earnings from affiliates and other investments (4,303,000) (2,890,000)
Deferred tax expense 269,000 229,000
Increase in accrued interest receivable 1,683,000 2,047,000
(Increase) decrease in other assets (42,473,000) 3,794,000
Net increase (decrease)in other liabilities 30,001,000 14,990,000
Net cash provided by operating activities 53,177,000 64,394,000
Investing activities:    
Proceeds from maturities of securities 1,075,000  
Proceeds from sales and calls of available for sale securities 18,145,000 121,549,000
Purchases of available for sale securities (1,075,000) (385,594,000)
Principal collected on mortgage backed securities 188,893,000 187,386,000
Net increase in loans (107,206,000) (46,999,000)
Purchases of other investments (17,963,000) (2,903,000)
Distributions from other investments 5,367,000 4,557,000
Purchases of bank premises and equipment (3,519,000) (3,962,000)
Proceeds from sales of bank premises and equipment 376,000 205,000
Proceeds from sales of other real estate owned 12,000 681,000
Net cash provided by (used in) investing activities 84,105,000 (125,080,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 196,102,000 197,317,000
Net increase in savings and interest bearing demand deposits 148,635,000 82,579,000
Net decrease in time deposits (34,717,000) (25,667,000)
Net decrease in securities sold under repurchase agreements (94,852,000) (195,208,000)
Net (decrease) increase in other borrowed funds (363,625,000) 29,625,000
Purchase of treasury stock   (97,000)
Proceeds from stock transactions 440,000 744,000
Net cash (used in) provided by financing activities (148,017,000) 89,293,000
(Decrease) increase in cash and cash equivalents (10,735,000) 28,607,000
Cash and cash equivalents at beginning of period 265,357,000 269,198,000
Cash and cash equivalents at end of period 254,622,000 297,805,000
Supplemental cash flow information:    
Interest paid 12,052,000 10,411,000
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 80,000 9,000
Dividends declared, not yet paid on common stock $ 21,814,000 $ 21,793,000