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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 34,355 $ 24,373
Items not requiring cash:    
Depreciation 201 209
Provision for loan losses 1,072 720
Deferred tax, net 1,019 (511)
Gain on sale of securities   (24)
Gain on sale of loans (27,813) (17,109)
Proceeds from sales of loans 14,380,078 14,496,755
Loans and participations originated and purchased for sale (14,394,235) (14,813,694)
Change in mortgage servicing rights for paydowns and fair value adjustments 4,602 3,218
Net change in:    
Trading securities 16,315 (112,229)
Other assets and receivables 11,504 (11,888)
Other liabilities 3,850 6,720
Other 721 55
Net cash provided by (used in) operating activities 31,669 (423,405)
Investing activities:    
Net change in securities purchased under agreements to resell (1,688) 94
Purchases of available-for-sale securities (148,233) (260,397)
Proceeds from sales of available-for-sale securities 0 7,371
Proceeds from calls, maturities and paydowns of available-for-sale securities 43,779 185,862
Purchases of loans (101,227) (51,202)
Net change in loans receivable (166,634) (218,434)
Purchases of premises and equipment (754) (1,178)
Purchases of mortgage servicing rights (1,209) (1,252)
Purchase of limited partnership interests (1,845)  
Cash received in acquisition of Richmac 363  
Other investing activities 111 (429)
Net cash used in investing activities (377,337) (339,565)
Financing activities:    
Net change in deposits 472,843 745,432
Proceeds from Federal Home Loan Bank advances 464,250 100,000
Repayment of Federal Home Loan Bank advances (464,632) (100,473)
Proceeds from issuance of preferred stock   31,581
Dividends (5,684) (4,336)
Net cash provided by financing activities 466,777 772,204
Net Change in Cash and Cash Equivalents 121,109 9,234
Cash and Cash Equivalents, Beginning of Period 445,701 446,801
Cash and Cash Equivalents, End of Period 566,810 456,035
Additional Cash Flows Information:    
Interest paid 19,258 13,316
Income taxes paid 17,225 $ 15,349
Supplemantal Disclosure of Noncash Investing Activities:    
Fair value of assets acquired 12,666  
Fair value of common stock issued 8,127  
Fair value of liabilities assumed $ 4,539