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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 43,380 $ 38,257
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,800 1,530
Depreciation and amortization of premises and equipment 7,032 6,949
Net amortization of investment securities premiums 2,416 2,055
Investment securities gains, net (1,106) (947)
Gain on sales of mortgage loans held for sale (3,074) (2,670)
Proceeds from sales of mortgage loans held for sale 115,417 114,255
Originations of mortgage loans held for sale (108,429) (114,418)
Amortization of issuance costs on long-term debt 168 154
Stock-based compensation 734 1,436
Excess tax benefits from stock-based compensation 0 (10)
Increase in accrued interest receivable (61) (1,612)
Decreases (increase) in other assets 4,614 (4,469)
Increase in accrued interest payable 2,874 2,843
Decrease in other liabilities (4,244) (9,245)
Total adjustments 21,141 (4,149)
Net cash provided by operating activities 64,521 34,108
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 8,735 46,541
Proceeds from principal repayments and maturities of securities available for sale 98,024 117,221
Purchase of securities available for sale (49,430) (169,436)
Increase in short-term investments (59,135) (115,544)
Net increase in loans (267,383) (38,976)
Net purchases of premises and equipment (5,397) (9,471)
Net cash used in investing activities (274,586) (169,665)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 112,348 269,899
Net (decrease) increase in time deposits (34,868) 2,064
Decrease in short-term borrowings (88,000) (144,780)
Additions to long-term debt 223,375 16,000
Repayments of long-term debt (15,037) (42)
Net proceeds from issuance of common stock 4,731 1,637
Excess tax benefits from stock-based compensation 0 10
Dividends paid (17,403) (15,676)
Acquisition of treasury stock 0 (11,196)
Net cash provided by financing activities 185,146 117,916
Net Decrease in Cash and Due From Banks (24,919) (17,641)
Cash and Due From Banks at Beginning of Period 118,763 101,120
Cash and Due From Banks at End of Period 93,844 83,479
Cash paid during the period for:    
Interest 18,034 17,414
Income taxes $ 116 $ 3,972