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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
FDIC loss-sharing agreement early termination, pretax loss $ 2,409 $ 0
Cash Flows From Operating Activities    
Net income 56,331 46,664
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 5,952 8,894
Stock-based compensation expense 4,114 2,551
Depreciation, amortization and accretion 13,968 18,898
Investment securities gains 0 602
Net realized (gain) loss on sale of premises and equipment, loans held for investment and other assets (176) 170
Net realized loss on sale and valuation adjustments of other real estate owned (221) (160)
Originations of loans held for sale 65,902 46,705
Proceeds from sales of loans held for sale 64,830 43,565
Net change in:    
Interest receivable (782) (1,861)
Interest payable 35 (74)
Other assets (5,987) (7,818)
Other liabilities (9,230) 9,809
Net cash provided by operating activities 65,783 73,651
Cash Flows From Investing Activities    
Loans originated and acquired, net of principal collected (216,541) (298,259)
Purchases of securities available for sale (114,309) (296,920)
Purchases of premises and equipment (1,947) (1,199)
Payments to Acquire Federal Home Loan Bank Stock (86,840) (42,400)
Proceeds from FDIC for reimbursement on loss-sharing asset 26 668
Proceeds from sales of securities available for sale 0 83,410
Proceeds from principal repayments and maturities of securities available for sale 131,472 123,817
Proceeds from Sales of Assets, Investing Activities 8,133 4,631
Proceeds from Sale of Federal Home Loan Bank Stock 80,720 36,961
Proceeds from sales of other real estate and other personal property owned 1,719 3,276
Payment to FDIC to terminate loss-sharing agreements (4,666) 0
Payments to FDIC related to loss-sharing asset (210) (625)
Net cash used in investing activities (202,443) (386,640)
Cash Flows From Financing Activities    
Net increase in deposits 13,078 234,526
Net decrease in sweep repurchase agreements (14,927) (10,481)
Proceeds from Federal Home Loan Bank advances 2,171,000 962,000
Federal Reserve Bank borrowings 10 10
Proceeds from exercise of stock options 1,155 603
Repayment of Federal Home Loan Bank advances (2,018,000) (826,000)
Repayment of Federal Reserve Bank borrowings 10 10
Payment of common stock dividends (25,621) (43,404)
Preferred stock dividends 0 (77)
Purchase and retirement of common stock 2,215 1,092
Net cash provided by financing activities 124,470 316,075
Increase (decrease) in cash and cash equivalents (12,190) 3,086
Cash and cash equivalents at beginning of period 224,238 175,302
Cash and cash equivalents at end of period 212,048 178,388
Supplemental Information:    
Cash paid for interest 2,731 2,241
Cash paid for income tax 22,881 11,130
Non-cash investing and financing activities    
Loans transferred to other real estate owned $ 0 $ 311