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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 146,920 $ 92,188 $ 90,930
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 6,810 7,550 7,530
Depreciation, amortization and accretion 3,496 4,832 3,091
Deferred income tax expense 16,444 23,461 11,037
Revaluation of net deferred tax assets due to changes in tax law 0 14,486 0
Funding of mortgage loans held for sale (1,763,246) (1,683,454) (1,951,144)
Proceeds from sales of mortgage loans held for sale 1,698,141 1,775,450 2,031,036
Gains on sales of mortgage loans held for sale (40,318) (19,675) (31,654)
Losses (gains) on sales of securities 16 (148) (1,186)
Loss on extinguishment of debt 0 205 2,539
(Gains) losses on sales of premises and equipment (198) 565 115
Stock-based compensation 7,251 5,293 3,117
Decrease in FDIC loss share indemnification asset, net of accretion and amortization 0 0 2,891
Loss on termination of FDIC loss share agreements 0 0 2,053
Decrease (increase) in other assets 44,044 (6,620) 10,136
Decrease in other liabilities (41,954) (12,572) (16,694)
Net cash provided by operating activities 77,406 201,561 163,797
Investing activities      
Purchases of securities available for sale (686,887) (210,190) (140,133)
Proceeds from sales of securities available for sale 2,387 495,340 4,028
Proceeds from call/maturities of securities available for sale 160,703 169,445 158,359
Purchases of securities held to maturity 0 0 (15,267)
Proceeds from call/maturities of securities held to maturity 0 15,882 119,405
Net increase in loans (115,208) (440,205) (504,640)
Purchases of premises and equipment (22,360) (13,047) (13,560)
Proceeds from sales of premises and equipment 921 2,101 2,462
Proceeds from sales of other assets 8,361 14,131 16,939
Payment made to FDIC to terminate loss share agreements 0 0 (4,849)
Net cash received in acquisition 153,502 41,685 25,263
Net cash (used in) provided by investing activities (498,581) 75,142 (351,993)
Financing activities      
Net increase in noninterest-bearing deposits 49,087 11,588 209,943
Net increase (decrease) in interest-bearing deposits 447,317 (88,717) 279,146
Net increase (decrease) in short-term borrowings 263,753 (19,862) (314,952)
Proceeds from long-term debt 0 0 98,385
Repayment of long-term debt (849) (170,240) (47,230)
Cash paid for dividends (43,614) (34,416) (29,734)
Repurchase of shares in connection with stock repurchase program (7,062) 0 0
Cash received on exercise of stock options 201 173 415
Excess tax benefits from exercise of stock options 0 0 2,771
Proceeds from equity offering 0 0 84,105
Net cash provided by (used in) financing activities 708,833 (301,474) 282,849
Net increase (decrease) in cash and cash equivalents 287,658 (24,771) 94,653
Cash and cash equivalents at beginning of year 281,453 306,224 211,571
Cash and cash equivalents at end of year 569,111 281,453 306,224
Supplemental disclosures      
Cash paid for interest 66,706 36,888 25,871
Cash paid for income taxes 24,520 32,556 22,731
Noncash transactions:      
Transfers of loans to other real estate 3,826 6,699 8,870
Financed sales of other real estate owned 531 773 2,070
Transfers of loans held for sale to loan portfolio 1,732 563 17,838
Common stock issued in acquisition of businesses $ 434,519 $ 213,590 $ 55,290