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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net Income $ 33,248 $ 25,123
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,034 4,559
Depreciation of premises and equipment, net 3,699 3,054
Amortization of fees and discounts, net 8,239 7,173
Amortization of intangible assets 1,015 787
Increase in accrued interest receivable (124) (490)
(Increase) decrease in other assets (2,440) 271
Origination of loans held-for-sale (152,484) (185,543)
Proceeds from sales of loans held-for-sale 160,686 168,397
Gain on mortgage banking activities, net (3,470) (3,293)
Gain on sale of securities, net (850) (928)
Stock-based compensation expense 1,480 2,345
Increase in accrued interest payable 1,272 875
(Increase) decrease in other liabilities (473) 1,582
Loss on sale of other real estate owned and valuation adjustments, net 162 201
Deferred income tax expense 3,821 1,836
Increase in value of bank-owned life insurance (1,283) (430)
Increase in capitalized interest, net, on reverse mortgage loans (2,688) (2,405)
Net cash provided by operating activities 51,844 23,114
Investing activities:    
Purchases of investment securities held-to-maturity (3,329)  
Maturities and calls of investment securities held-to-maturity 1,810 3,486
Sale of investment securities available-for-sale 101,348 84,529
Purchases of investment securities available-for-sale (159,684) (185,463)
Repayments of investment securities available-for-sale 35,570 55,084
Repayments on reverse mortgages 2,696 6,196
Disbursements for reverse mortgages (987) (438)
Net increase in loans (76,288) (149,214)
Net (increase) decrease in stock of FHLB (7,420) (8,554)
Sales of assets acquired through foreclosure, net 2,657 3,081
Investment in premises and equipment, net (3,870) (2,884)
Net cash used for investing activities (107,497) (194,177)
Financing activities:    
Net increase (decrease) in demand and saving deposits 17,446 (38,091)
Decrease in time deposits (46,594) (77,906)
Increase (decrease) in brokered deposits 2,396 (3,336)
(Decrease) increase in loan payable (386) 41
Receipts from FHLB advances 57,591,203 14,455,050
Repayments of FHLB advances (57,373,950) (14,435,200)
Receipts from federal funds purchased and securities sold under agreement to repurchase 16,434,870 30,479,478
Repayments of federal funds purchased and securities sold under agreement to repurchase (16,512,070) (30,169,691)
Dividends paid (3,556) (2,823)
Issuance of common stock and exercise of common stock options 1,723 1,845
Issuance of Senior Debt 98,319  
Purchase of treasury stock (11,034) (12,652)
Net cash provided by financing activities 198,367 196,715
Increase in cash and cash equivalents 142,714 25,652
Cash and cash equivalents at beginning of period 561,179 508,039
Cash and cash equivalents at end of period 703,893 533,691
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest during the period 8,507 7,124
Cash paid for income taxes, net 12,493 10,471
Loans transferred to other real estate owned 674 2,452
Loans transferred to portfolio from held-for-sale at fair value 3,670 171
Net change in accumulated other comprehensive income 14,981 (2,271)
Non-cash goodwill adjustments, net $ (360) $ 336