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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 137,392 $ 129,867
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,981 26,864
Provision for loan losses 9,220 10,049
Deferred income taxes 1,457 9,897
Revision of provisional amount related to the revaluation of deferred taxes from the Tax Reform Act   (991)
(Gains) losses on sale of securities, net (2,687) 652
Share-based compensation expense 6,642 6,613
Accretion of discount related to performing acquired loans (9,131) (23,993)
Loss on disposal of premises and equipment 3,648 1,304
Gain on sale of OREO (527) (1,570)
Net amortization of premiums on investment securities 5,310 5,696
OREO write downs 727 1,185
Fair value adjustment for loans held for sale 1,463 (699)
Originations and purchases of loans held for sale (591,590) (491,694)
Proceeds from sales of loans 525,659 529,528
Net change in:    
Accrued interest receivable (134) (2,081)
Prepaid assets (846) 1,833
Operating Leases 1,134  
Miscellaneous other assets (49,803) (1,706)
Accrued interest payable 317 1,490
Accrued income taxes 2,625 649
Miscellaneous other liabilities 63,173 20,890
Net cash provided by operating activities 129,030 223,783
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 231,990 67,853
Proceeds from maturities and calls of investment securities held to maturity   2,030
Proceeds from maturities and calls of investment securities available for sale 208,640 173,531
Proceeds from sales of other investment securities 45 15,938
Purchases of investment securities available for sale (692,114) (191,305)
Purchases of other investment securities (23,566) (12,119)
Net increase in loans (280,684) (283,331)
Recoveries of loans previously charged off 2,833 2,686
Purchases of premises and equipment (11,533) (9,504)
Proceeds from sale of OREO 7,405 11,655
Proceeds from sale of premises and equipment 17 33
Net cash used in investing activities (556,967) (222,533)
Cash flows from financing activities:    
Net increase in deposits 376,854 81,721
Net decrease in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings (1,577) (7,159)
Proceeds from FHLB advances 700,001 325,001
Repayment of other borrowings (150,005) (425,005)
Common stock issuance 717 709
Common stock repurchases (146,897) (10,360)
Dividends paid on common stock (42,175) (37,506)
Stock options exercised 1,230 1,031
Net cash provided by (used in) financing activities 738,148 (71,568)
Net increase (decrease) in cash and cash equivalents 310,211 (70,318)
Cash and cash equivalents at beginning of period 408,983 377,627
Cash and cash equivalents at end of period 719,194 307,309
Cash paid for:    
Interest 65,237 35,026
Income taxes 31,928 23,981
Initial measurement and recognition of operating lease assets in exchange for lease liabilities per ASU 2016-02 82,160  
Recognition of operating lease assets in exchange for lease liabilities 10,239  
Acquisitions:    
Fair value of tangible assets acquired   (7,246)
Other intangible assets acquired   3,321
Liabilities assumed   (612)
Net identifiable assets acquired over liabilities assumed   (3,313)
Real estate acquired in full or in partial settlement of loans $ 9,610 $ 11,976