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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income $ 119,663 $ 102,252
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Credit for loan losses (8,400) (8,800)
Provision for losses on other real estate owned 547 1,693
Deferred tax liability 14,327 13,846
Depreciation and amortization 22,330 5,911
Net gains on sale and transfer of other real estate owned (2,006) (3,467)
Net gains on sale of loans (845) (300)
Proceeds from sales of loans 28,507 15,791
Originations of loans held-for-sale (26,689) (15,491)
Income associated with debt redemption   (550)
Write-downs on venture capital investments 408 317
Write-downs on impaired securities 3,875 820
Net gains on sales and calls of securities (506) (7,647)
Amortization/accretion of security premiums/discounts, net 3,542 2,266
Loss on sales or disposal of fixed assets 138  
Excess tax short-fall from share-based payment arrangements 5,602 1,177
Stock based compensation and stock issued to officers as compensation 3,923 2,948
Net change in accrued interest receivable and other assets (30,929) 1,691
Net change in other liabilities (9,432) (8,377)
Net cash provided by operating activities 124,055 104,080
Cash Flows from Investing Activities    
Decrease/(increase) in short-term investments 119,785 (75,873)
Purchase of investment securities available-for-sale (1,323,149) (892,706)
Proceeds from sale of investment securities available-for-sale 1,033,195 543,305
Proceeds from repayments, maturities and calls of investment securities available-for-sale 232,253 640,478
Purchase of Federal Home Loan Bank stock   (17,736)
Redemptions of Federal Home Loan Bank stock 13,535 8,646
Net increase in loans (702,595) (763,211)
Purchase of premises and equipment (2,628) (4,036)
Proceeds from sales of other real estate owned 10,524 28,543
Investment in affordable housing & alternative energy partnerships (46,349) (5,617)
Acquisition, net of cash acquired 6,572  
Net cash used in investing activities (658,857) (538,207)
Cash Flows from Financing Activities    
Net increase in deposits 1,034,442 713,362
Net decrease in federal funds purchased and securities sold under agreements to repurchase (50,000) (250,000)
Advances from Federal Home Loan Bank 4,842,000 8,252,400
Repayment of Federal Home Loan Bank borrowings (5,192,000) (8,218,600)
Cash dividends paid (30,690) (15,133)
Pruchase of treasury stock (50,701)  
Repurchase of trust preferred securities   (1,450)
Proceeds from shares issued under Dividend Reinvestment Plan 3,636 1,554
Proceeds from exercise of stock options 3,433  
Taxes paid related to net share settlement of RSUs (204) (274)
Excess tax short-fall from share-based payment arrangements (5,602) (1,177)
Net cash provided by financing activities 554,314 480,682
Increase in cash and cash equivalents 19,512 46,555
Cash and cash equivalents, beginning of the period 176,830 153,747
Cash and cash equivalents, end of the period 196,342 200,302
Cash paid during the period:    
Interest 52,614 59,478
Income taxes paid 67,776 52,864
Non-cash investing and financing activities:    
Net change in unrealized holding gain on securities available-for-sale, net of tax 4,790 21,057
Net change in unrealized holding loss on cash flow hedge derivatives (1,818) (163)
Transfers of investment securities to available-for-sale from other assets 520  
Transfers of trading securities to short-term investments   4,936
Transfers to other real estate owned from loans held for investment 3,914 $ 2,810
Issuance of stock related to acquisition $ 82,857