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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income per consolidated statements of income $ 31,248 $ 27,003
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 1,157 3,552
Depreciation and amortization 9,031 8,721
Net amortization of securities 2,612 2,087
Securities losses, net 0 310
Gains on sales of loans, net (3,550) (2,591)
Deferred income tax provision 3,900 125
Proceeds from sales of loans held for sale 263,614 238,007
Purchases and originations of loans held for sale (263,232) (267,422)
Originations of mortgage servicing rights (3,440) (3,072)
Earnings on bank-owned life insurance (1,227) (1,226)
Net decrease (increase) in other assets 6,375 (3,511)
Net decrease in other liabilities (6,693) (7,185)
Other operating activities, net 90 7,730
Net cash provided by operating activities 39,885 2,528
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 43,854 72,168
Proceeds from maturities, prepayments and calls of securities available for sale 119,742 99,722
Proceeds from sales of securities available for sale 0 24,693
Purchases of securities held to maturity (40,556) (50,031)
Purchases of securities available for sale (128,430) (113,654)
Net proceeds from bank-owned life insurance 0 604
Net decrease in federal funds sold and securities purchased under reverse repurchase agreements 0 250
Net (increase) decrease in member bank stock (144) 8,280
Net increase in loans (102,573) (153,989)
Purchases of premises and equipment (6,319) (2,814)
Proceeds from sales of premises and equipment 5,050 0
Proceeds from sales of other real estate 6,856 10,328
Purchases of software (1,065) (1,565)
Investments in tax credit and other partnerships (17) (46)
Net cash used in investing activities (103,602) (106,054)
Financing Activities    
Net increase in deposits 48,460 45,413
Net (decrease) increase in federal funds purchased and securities sold under repurchase agreements (15,482) 25,394
Net increase (decrease) in short-term borrowings 99,879 (65)
Payments on long-term FHLB advances (16) (30)
Common stock dividends (15,697) (15,640)
Shares withheld to pay taxes (1,543) (799)
Net cash provided by financing activities 115,601 54,273
Increase (decrease) in cash and cash equivalents 51,884 (49,253)
Cash and cash equivalents at beginning of period 327,706 277,751
Cash and cash equivalents at end of period $ 379,590 $ 228,498