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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net income $ 45,871 $ 39,970
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 1,362 5,852
Stock-based compensation expense 2,285 2,064
Depreciation, amortization and accretion 8,182 7,618
Investment securities gains, net 1,847 22
Net realized (gain) loss on sale of premises and equipment and loans held for investment (1) 630
Net realized loss on sale and valuation adjustments of OREO (209) (135)
Originations of loans held for sale 21,542 27,553
Proceeds from sales of loans held for sale 21,374 29,007
Net change in:    
Interest receivable (1,512) (914)
Interest payable 1,154 452
Other assets (5,244) 2,530
Other liabilities 2,179 (15,014)
Net cash provided by operating activities 52,472 43,495
Cash Flows From Investing Activities    
Loans originated, net of principal collected (80,407) 17,688
Purchases of debt securities available for sale (3,710) (27,497)
Payments to Acquire Loans Held-for-investment (49,039) 0
Purchases of premises and equipment (1,788) (2,099)
Payments to Acquire Federal Home Loan Bank Stock (57,280) (45,080)
Proceeds from sales of debt securities available for sale 83,968 19,761
Proceeds from principal repayments and maturities of debt securities available for sale 100,876 82,643
Proceeds from Sales of Assets, Investing Activities 11 3,721
Proceeds from redemption of Federal Home Loan Bank Stock 57,640 43,880
Proceeds from sales of other real estate and other personal property owned 150 2,062
Net cash provided by investing activities 50,421 95,079
Cash Flows From Financing Activities    
Net decrease in deposits (89,027) (136,466)
Net decrease in sweep repurchase agreements (1) (38,076) (29,812) [1]
Proceeds from Federal Home Loan Bank advances 1,432,000 1,127,000
Proceeds from exercise of stock options 878 719
Repayment of Federal Home Loan Bank advances (1,441,000) (1,097,000)
Payment of common stock dividends (30,750) (16,069)
Repayments of junior subordinated debt 0 8,248
Repayment of term repurchase agreement 0 (25,000) [1]
Purchase and retirement of common stock 2,432 2,575
Net cash used in financing activities (168,407) (187,451)
Decrease in cash and cash equivalents (65,514) (48,877)
Cash and cash equivalents at beginning of period 277,587 342,533
Cash and cash equivalents at end of period 212,073 293,656
Supplemental Information:    
Cash paid for interest 6,712 3,211
Cash paid for income tax (146) 24
Non-cash investing and financing activities    
Loans transferred to other real estate owned 386 406
Premises and equipment expenditures incurred but not yet paid 35 0
Change in dividends payable on unvested shares $ 14 $ 0
[1] Revised from amounts previously reported to correct an immaterial misclassification of a $25.0 million repayment of the term repurchase agreement within Net decrease in sweep repurchase agreements for the three months ended March 31, 2018. There were no changes to net cash flows from operating, investing or financing activities as a result of this change.