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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 56,663 $ 49,480
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 5,100 3,970
Depreciation and amortization of premises and equipment 6,888 7,329
Amortization of tax credit investments 8,155 8,364
Net amortization of investment securities premiums 2,075 2,517
Investment securities gains, net (65) (19)
Gain on sales of mortgage loans held for sale (3,122) (2,645)
Proceeds from sales of mortgage loans held for sale 142,739 170,693
Originations of mortgage loans held for sale (140,286) (159,968)
Amortization of intangible assets 107 0
Amortization of issuance costs and discounts on long-term debt 211 194
Stock-based compensation 1,560 1,510
Increase in accrued interest receivable (3,328) (150)
Increase in other assets (23,415) (6,923)
Increase in accrued interest payable 690 364
Decrease in other liabilities (15,701) (2,890)
Total adjustments (18,392) 22,346
Net cash provided by operating activities 38,271 71,826
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 37,660 1,444
Proceeds from principal repayments and maturities of securities held to maturity 18,687 0
Proceeds from principal repayments and maturities of securities available for sale 51,097 78,150
Purchase of securities available for sale (143,588) (161,944)
(Purchase) redemption of Federal Reserve Bank and Federal Home Loan Bank stock (6,250) 3,862
Net (increase) decrease in loans and leases (101,123) 67,928
Net change in tax credit investments (11,363) (14,840)
Net cash paid for acquisition (3,907) 0
Net change in tax credit investments 8,003 20,783
Net cash (used in) provided by investing activities (166,790) (46,183)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand and savings deposits (108,185) (278,626)
Net increase (decrease) in time deposits 110,004 (41,803)
Increase in short-term borrowings 74,239 320,328
Additions to long-term debt 75,000 0
Repayments of long-term debt (2,026) (100,041)
Net proceeds from issuance of common stock 1,657 2,790
Dividends paid (20,592) (19,329)
Acquisition of treasury stock (5,877) 0
Net cash provided by (used in) financing activities 124,220 (116,681)
Net Decrease in Cash and Cash Equivalents (4,299) (91,038)
Cash and Cash Equivalents at Beginning of Period 445,687 402,096
Cash and Cash Equivalents at End of Period 441,388 311,058
Cash paid during the period for:    
Interest 40,695 26,005
Income taxes $ 1,485 $ 154