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Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Operating Activities    
Net Income $ 73,542 $ 63,979
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 12,000 8,000
Net accretion of premiums and discounts from acquisition (935)  
Depreciation and amortization 27,405 24,027
Deferred income tax expense (benefit) 2,665 (2,577)
Net increase in trading securities (27,291) (7,446)
Gains on sales of securities available for sale, net (5,531) (8,303)
(Gains) losses on sales of assets (720) 5
Amortization of securities premiums, net of discount accretion 29,080 26,465
Originations of loans held for sale (43,145) (59,422)
Net gains on sales of loans held for sale (871) (827)
Proceeds from sales of loans held for sale 34,110 58,054
Equity based compensation 5,630 6,239
Changes in:    
Accrued income (2,523) (1,927)
Accrued expenses and taxes (11,902) (13,179)
Other assets and liabilities, net (9,282) 12,647
Net cash provided by operating activities 82,232 105,735
Investing Activities    
Proceeds from maturities of securities held to maturity 22,539 26,663
Proceeds from sales of securities available for sale 598,740 705,238
Proceeds from maturities of securities available for sale 779,759 645,959
Purchases of securities held to maturity (238,029) (198,352)
Purchases of securities available for sale (1,281,401) (1,238,323)
Net increase in loans (660,088) (473,924)
Net (increase) decrease in fed funds sold and resell agreements (22,656) 37,111
Net increase in interest bearing balances due from other financial institutions 52,488 19,200
Purchases of premises and equipment (17,526) (29,479)
Net cash activity from acquisitions   104,539
Proceeds from sales of premises and equipment 1,623 117
Increase in COLI/BOLI cash surrender value (4,700)  
Net cash used in investing activities (769,251) (401,251)
Financing Activities    
Net increase in demand and savings deposits 667,041 239,367
Net decrease in time deposits (110,349) (303,635)
Net decrease in fed funds purchased and repurchase agreements (29,495) (250,697)
Net decrease in short-term debt   (112,133)
Repayment of long-term debt (1,272) (10,580)
Payment of contingent consideration on acquisitions (3,031) (18,702)
Cash dividends paid (24,243) (22,295)
Net tax benefit related to equity compensation plans 250 664
Proceeds from exercise of stock options and sales of treasury shares 8,436 3,532
Purchases of treasury stock (13,581) (5,379)
Net cash provided by (used in) financing activities 493,756 (479,858)
Decrease in cash and cash equivalents (193,263) (775,374)
Cash and cash equivalents at beginning of period 819,112 1,787,230
Cash and cash equivalents at end of period 625,849 1,011,856
Supplemental Disclosures:    
Income taxes paid 19,295 25,089
Total interest paid $ 13,199 7,360
Transactions related to bank acquisitions    
Assets acquired   1,321,322
Liabilities assumed   $ 1,160,044