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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income $ 150,581 $ 147,083 $ 137,959
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 28,406 24,509 22,574
Depreciation, amortization and accretion (21,567) (8,720) 746
Loss (gain) on sales of bank premises, OREO and equipment 4,813 5,196 2,059
(Gain) loss on securities (5,584) (280) (155)
Loans originated for sale (2,373,622) (154,335) (145,836)
Proceeds from sales of loans 2,455,213 160,021 146,342
Gain on sales of loans (58,907) (3,450) (2,507)
Stock-based compensation 3,555 2,817 2,484
Excess tax benefits from stock-based compensation arrangements 2,201 4,008 1,023
Deferred income tax expense 60,827 7,252 1,729
Increase in cash surrender value of bank-owned life insurance policies (5,110) (3,837) (5,557)
Contribution to pension plan (10,000) 0 0
Amortization of net periodic pension costs 3,310 5,156 4,380
Changes in:      
Loans held for sale (8,893) 0 0
Interest receivable (2,024) (755) (3,467)
Other assets 32,924 (5,855) 14,349
Accrued expenses and other liabilities (2,195) (8,076) (1,222)
Net Cash Provided by Operating Activities 253,928 170,734 174,901
INVESTING ACTIVITIES      
Proceeds from maturities and calls of held to maturity securities 14,214 5,730 1,056
Purchases of held to maturity securities (1,403) 0 (1,000)
Proceeds from sales of securities available for sale 247,131 103,440 7,316
Proceeds from maturities and calls of securities available for sale 439,181 410,550 183,950
Purchases of securities available for sale (932,474) (504,978) (85,249)
Redemption of bank-owned life insurance policies 0 630 1,974
Purchases of bank premises and equipment (14,357) (7,271) (5,263)
Proceeds from sales of bank premises and equipment 17 554 866
Acquisition of subsidiaries, net of cash paid 44,531 29,330 0
Proceeds from sales and redemptions of other investment securities 40,837 64,411 19,845
Purchases of other investment securities (74,090) (72,052) (22,181)
Proceeds from sales of OREO properties 7,066 17,871 10,270
Net change in loans 496,025 (17,255) (296,882)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 266,678 30,960 (185,298)
FINANCING ACTIVITIES      
Cash dividends paid (121,354) (96,351) (88,864)
Acquisition of treasury stock (1) (1) (1)
Proceeds from exercise of stock options 4,619 13,337 7,871
Proceeds from the issuance of common stock 0 199,916 0
Distribution of treasury stock for deferred compensation plan 0 1 1
Repayment of long-term Federal Home Loan Bank borrowings (845,208) (725,673) (794,455)
Proceeds of long-term Federal Home Loan Bank borrowings 815,000 795,000 705,000
Changes in:      
Time deposits 614,821 75,639 (135,674)
Other deposits (928,665) 408,127 433,414
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings 171,821 (294,497) (12,624)
Net Cash Provided by (Used in) Financing Activities (288,967) 375,498 114,668
INCREASE IN CASH AND CASH EQUIVALENTS 231,640 577,192 104,271
Cash and Cash Equivalents at Beginning of Year 1,434,527 857,335 753,064
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,666,167 1,434,527 857,335
Supplemental information      
Cash paid for interest 72,715 44,609 39,835
Cash paid for income taxes 73,096 61,905 52,319
Noncash investing activities:      
Transfers of loans to OREO $ 17,615 $ 21,776 $ 5,857