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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income per consolidated statements of income $ 36,830 $ 31,248
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 4,111 1,157
Depreciation and amortization 9,376 9,031
Net amortization of securities 2,582 2,612
Gains on sales of loans, net (4,585) (3,550)
Deferred income tax provision 3,300 3,900
Proceeds from sales of loans held for sale 241,778 263,614
Purchases and originations of loans held for sale (223,799) (263,232)
Originations of mortgage servicing rights (3,567) (3,440)
Earnings on bank-owned life insurance (1,233) (1,227)
Net change in other assets 8,721 6,375
Net change in other liabilities (7,379) (6,693)
Other operating activities, net (8,362) 90
Net cash provided by operating activities 57,773 39,885
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 33,102 43,854
Proceeds from maturities, prepayments and calls of securities available for sale 112,280 119,742
Purchases of securities held to maturity 0 (40,556)
Purchases of securities available for sale (1,390) (128,430)
Net change in federal funds sold and securities purchased under reverse repurchase agreements 503 0
Net change in member bank stock 16,415 (144)
Net change in loans 100,619 (102,573)
Purchases of premises and equipment (2,862) (6,319)
Proceeds from sales of premises and equipment 4 5,050
Proceeds from sales of other real estate 5,310 6,856
Purchases of software (841) (1,065)
Investments in tax credit and other partnerships (17) (17)
Net cash provided by (used in) investing activities 263,123 (103,602)
Financing Activities    
Net change in deposits 398,289 48,460
Net change in federal funds purchased and securities sold under repurchase agreements (194,994) (15,482)
Net change in short-term borrowings (525,124) 99,879
Payments on long-term FHLB advances (17) (16)
Common stock dividends (15,660) (15,697)
Repurchase and retirement of common stock (2,502) 0
Shares withheld to pay taxes, long-term incentive plan (1,380) (1,543)
Net cash provided by (used in) financing activities (341,388) 115,601
Net change in cash and cash equivalents (20,492) 51,884
Cash and cash equivalents at beginning of period 335,768 327,706
Cash and cash equivalents at end of period $ 315,276 $ 379,590