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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 116,442 $ 84,677
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 10,125 37,087
Depreciation and amortization of premises and equipment 13,924 14,580
Amortization of tax credit investments 16,311 16,729
Net amortization of investment securities premiums 4,359 4,856
Investment securities gains, net (241) (23)
Gain on sales of mortgage loans held for sale (8,302) (6,499)
Proceeds from sales of mortgage loans held for sale 375,306 379,399
Originations of mortgage loans held for sale (385,659) (377,268)
Amortization of intangible assets 214 0
Amortization of issuance costs and discounts on long-term debt 421 399
Stock-based compensation 3,348 4,184
Increase in accrued interest receivable (4,105) (2,298)
Increase in other assets (217,816) (10,687)
Increase in accrued interest payable (1,311) (1,024)
Increase (decrease) in other liabilities 155,832 (9,278)
Total adjustments (37,594) 50,157
Net cash provided by operating activities 78,848 134,834
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 283,952 48,731
Proceeds from principal repayments and maturities of securities held to maturity 40,058 0
Proceeds from principal repayments and maturities of securities available for sale 113,154 170,141
Purchase of securities available for sale (538,629) (306,713)
Purchase of Federal Reserve Bank and Federal Home Loan Bank stock (17,965) (5,954)
Net increase in loans and leases (205,404) (65,361)
Net change in tax credit investments (22,695) (21,973)
Net cash paid for acquisition (3,907) 0
Net change in tax credit investments 11,092 38,544
Net cash used in by investing activities (362,528) (219,673)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand and savings deposits (228,999) (265,298)
Net increase in time deposits 241,735 67,565
Increase in short-term borrowings 433,613 366,309
Additions to long-term debt 105,000 50,000
Repayments of long-term debt (110,132) (100,081)
Net proceeds from issuance of common stock 1,653 2,455
Dividends paid (42,680) (40,378)
Acquisition of treasury stock (63,386) 0
Net cash provided by financing activities 336,804 80,572
Net Increase (Decrease) in Cash and Cash Equivalents 53,124 (4,267)
Cash and Cash Equivalents at Beginning of Period 445,687 402,096
Cash and Cash Equivalents at End of Period 498,811 397,829
Cash paid during the period for:    
Interest 88,186 57,496
Income taxes $ 4,932 $ 5,794