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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 47,695 $ 51,312
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,451 6,677
Provision for loan losses 9,285 9,150
Gain on sale of investments (2,740) (6)
Net accretion of investment securities and assets (9,559) (14,368)
Net amortization (accretion) on borrowings 91 (211)
Stock-based compensation expense 3,084 2,585
(Gain) loss on sale of foreclosed assets held for sale (32) 41
Gain on sale of mortgage loans held for sale (3,342) (2,610)
Deferred income taxes 2,081 3,921
Income from bank owned life insurance (876) (1,103)
Originations of mortgage loans held for sale (98,255) (113,012)
Proceeds from sale of mortgage loans held for sale 109,916 121,952
Changes in assets and liabilities:    
Interest receivable (1,858) 1,582
Lease right-of-use assets 2,294  
Other assets 3,730 (5,648)
Accrued interest and other liabilities 30,805 33,983
Income taxes payable (10,977) (13,955)
Net cash provided by operating activities 88,793 80,290
INVESTING ACTIVITIES    
Net originations of loans (18,116) (140,804)
Decrease in due from banks - time 250 245
Purchases of premises and equipment, net (13,027) (6,052)
Proceeds from sale of foreclosed assets held for sale 7,214 4,359
Proceeds from sale of available-for-sale securities 209,968 7,726
Proceeds from maturities of available-for-sale securities 55,804 58,548
Purchases of available-for-sale securities (110,767) (320,798)
Proceeds from maturities of held-to-maturity securities 11,408 15,512
Proceeds from bank owned life insurance death benefits 1,310 616
Disposition of assets and liabilities held for sale 1,393 (75,586)
Net cash provided by (used in) investing activities 145,437 (456,234)
FINANCING ACTIVITIES    
Net change in deposits (409,221) 564,040
Proceeds from issuance of subordinated notes 0 326,711
Dividends paid on common stock (14,807) (14,081)
Net change in other borrowed funds (175,461) (239,038)
Net change in federal funds purchased and securities sold under agreements to repurchase 24,421 (1,535)
Net shares issued under stock compensation plans (2,771) 443
Shares issued under employee stock purchase plan 1,312 1,026
Net cash (used in) provided by financing activities (576,527) 637,566
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (342,297) 261,622
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 833,458 598,042
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 491,161 $ 859,664