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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income $ 74,148 $ 72,087
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 10,760 6,242
Stock-based compensation expense 3,626 2,934
Depreciation, amortization and accretion 27,796 21,892
Investment securities gain, net 1,174 1,300
Net realized (gain) loss on sale of other assets 186 (241)
Net gain on sale and valuation adjustments of OREO (101) 1,798 [1]
Payments for Origination and Purchases of Loans Held-for-sale 76,645 57,249 [1]
Proceeds from Sale of Loans Held-for-sale 77,793 51,728 [1]
Net change in:    
Interest receivable (3,729) (2,684)
Interest payable (84) (136)
Other assets (7,714) (1,618)
Other liabilities 13,416 11,012
Net cash provided by operating activities 118,480 100,869
Cash Flows From Investing Activities    
Loans originated and acquired, net of principal collected (450,914) (314,768)
Purchases of securities available for sale (502,602) (218,734)
Purchases of premises and equipment (2,705) (7,351)
Payments to Acquire Federal Home Loan Bank Stock (57,799) (7,360)
Proceeds from FDIC for reimbursement on loss-sharing asset 878 4,195
Proceeds from sales of securities available for sale 120,800 82,776
Proceeds from principal repayments and maturities of securities available for sale 199,677 204,322
Proceeds from Sales of Assets, Investing Activities 7,391 14,132 [1]
Proceeds from Sale of Federal Home Loan Bank Stock 57,881 30,483 [1]
Proceeds from sales of other real estate and other personal property owned 5,845 13,254
Payments to FDIC related to loss-sharing asset (855) (1,472)
Net cash used in investing activities (622,403) (200,523)
Cash Flows From Financing Activities    
Net increase in deposits 619,162 390,083
Net decrease in sweep repurchase agreements (30,510) (31,898)
Proceeds from Federal Home Loan Bank advances 1,347,000 1,467,000
Federal Reserve Bank borrowings 10 1,010
Proceeds from exercise of stock options 1,304 1,194
Repayment of Federal Home Loan Bank advances (1,349,000) (1,677,000)
Repayment of Federal Reserve Bank borrowings 10 1,010
Payment of common stock dividends (66,041) (56,480)
Preferred stock dividends (117) (100)
Repayment of other borrowings 0 8,248
Purchase and retirement of common stock 1,113 879
Net cash provided by financing activities 520,685 83,672
Increase (decrease) in cash and cash equivalents 16,762 (15,982)
Cash and cash equivalents at beginning of period 175,302 188,170
Cash and cash equivalents at end of period 192,064 172,188
Supplemental Information:    
Cash paid for interest 3,437 3,190
Cash paid for income tax 20,825 19,054
Non-cash investing and financing activities    
Loans transferred to other real estate owned $ 1,202 $ 8,751
[1] Reclassified to conform to the current period’s presentation. There were no changes to cash flows from operating, investing, or financing activities as a result of these reclassifications.