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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 70,536 $ 49,256
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan losses 3,560 3,250
Depreciation, amortization and accretion 1,854 2,625
Deferred income tax expense 3,476 2,219
Funding of mortgage loans held for sale (838,564) (772,456)
Proceeds from sales of mortgage loans held for sale 721,351 729,532
Gains on sales of mortgage loans held for sale (19,517) (11,608)
Penalty on prepayment of debt 0 205
(Gains) losses on sales of premises and equipment (225) 546
Stock-based compensation expense 3,712 2,411
(Increase) decrease in other assets (6,649) 10,428
Decrease in other liabilities (12,657) (8,715)
Net cash (used in) provided by operating activities (73,123) 7,693
Investing activities    
Purchases of securities available for sale (497,845) (119,766)
Proceeds from sales of securities available for sale 0 2,946
Proceeds from call/maturities of securities available for sale 63,655 60,928
Proceeds from call/maturities of securities held to maturity 0 15,507
Net increase in loans (140,205) (163,349)
Purchases of premises and equipment (10,313) (7,668)
Proceeds from sales of premises and equipment 233 1,255
Proceeds from sales of other assets 4,026 7,385
Net cash used in investing activities (580,449) (202,762)
Financing activities    
Net increase in noninterest-bearing deposits 48,137 81,506
Net increase in interest-bearing deposits 413,003 62,405
Net increase in short-term borrowings 223,579 10,445
Repayment of long-term debt (436) (11,063)
Cash paid for dividends (19,413) (16,068)
Net stock-based compensation transactions 201 (2,319)
Net cash provided by financing activities 665,071 124,906
Net increase (decrease) in cash and cash equivalents 11,499 (70,163)
Cash and cash equivalents at beginning of period 281,453 306,224
Cash and cash equivalents at end of period 292,952 236,061
Supplemental disclosures    
Cash paid for interest 24,652 16,155
Cash paid for income taxes 12,044 12,701
Noncash transactions:    
Transfers of loans to other real estate owned 2,291 4,227
Financed sales of other real estate owned 418 257
Transfers of loans held for sale to loans held for investment $ 663 $ 0