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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 226,339 $ 208,393 $ 171,753
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 32,825 46,907 23,305
Depreciation and amortization of premises and equipment 28,200 28,156 28,096
Amortization of tax credit investments 32,810 38,606 37,185
Net amortization of investment security premiums 9,387 9,297 10,107
Deferred income tax (benefit) expense (165) (15,749) 24,896
Re-measurement of net deferred tax asset 0 (809) 15,635
Investment securities gains, net (4,733) (37) (9,071)
Gain on sales of mortgage loans held for sale (17,882) (13,021) (13,036)
Proceeds from sales of mortgage loans held for sale 916,725 795,756 644,400
Originations of mortgage loans held for sale (909,572) (778,304) (634,197)
Intangible amortization 1,427 0 0
Amortization of issuance costs and discounts on long-term debt 842 813 845
Stock-based compensation 7,413 7,965 5,209
Other changes, net (195,903) (31,153) (17,369)
Total adjustments (98,626) 88,427 116,005
Net cash provided by operating activities 127,713 296,820 287,758
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of available for sale securities 710,739 54,638 184,734
Proceeds from paydowns and maturities of held to maturity securities 83,121 35,900 0
Proceeds from principal repayments and maturities of available for sale securities 234,702 290,681 417,673
Purchases of securities available for sale (1,138,070) (558,949) (584,921)
Purchase of Federal Reserve Bank and Federal Home Loan Bank stock (18,139) (18,522) (3,272)
Net increase in loans and leases (708,048) (447,849) (1,087,521)
Net purchases of premises and equipment (33,717) (39,883) (33,092)
Net cash paid for acquisitions (5,174) 0 0
Net change in tax credit investments (18,760) (56,733) (28,932)
Net cash used in investing activities (893,346) (740,717) (1,135,331)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand and savings deposits 849,437 435,872 782,525
Net increase in time deposits 168,317 142,755 2,143
Increase in short-term borrowings 128,464 137,253 76,207
Additions to long-term debt 485,000 50,000 223,251
Repayments of long-term debt (596,056) (100,165) (115,153)
Net proceeds from issuance of common stock 6,362 6,735 8,538
Dividends paid (92,330) (89,654) (80,368)
Acquisition of treasury stock (111,457) (95,308) 0
Net cash provided by financing activities 837,737 487,488 897,143
Net Increase in Cash and Cash Equivalents 72,104 43,591 49,570
Cash and Cash Equivalents at Beginning of Year 445,687 402,096 352,526
Cash and Cash Equivalents at End of Year 517,791 445,687 402,096
Cash paid during period for:      
Interest 178,612 126,846 93,817
Income taxes 9,193 13,547 6,537
Supplemental schedule of certain noncash activities      
Transfer of available for sale securities to held to maturity securities 0 641,672 0
Transfer of available for sale securities to held to maturity securities $ 158,898 $ 0 $ 0