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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:    
Net income $ 148,737 $ 135,795
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 27,750 24,500
Deferred tax expense 4,388 11,221
Depreciation and amortization 23,509 27,455
Amortization of earning assets and funding premium/discount, net 37,127 50,781
Stock-based compensation 7,793 7,757
Gain on sale, net of write-down, on foreclosed and repossessed assets (1,059) (1,072)
Gain on sale, net of write-down, on premises and equipment (349) (59)
Impairment loss recognized in earnings 246 0
(Gain) loss on alternative investments (713) 354
Loss on fair value adjustment of derivative instruments 585 290
Net gain on the sale of investment securities (4,378) (708)
Increase in cash surrender value of life insurance policies (9,900) (10,348)
Gain from life insurance policies (671) (1,070)
Gain on sale of loans held for sale (3,093) (13,584)
Proceeds from sale of loans held for sale 207,530 670,226
Originations of loans held for sale (209,585) (592,368)
Net (increase) decrease in accrued interest receivable and other assets (51,113) 82,805
Net increase (decrease) in accrued expenses and other liabilities 18,953 (16,743)
Net cash provided by operating activities 195,757 375,232
Investing Activities:    
Net (increase) decrease in interest-bearing deposits (81,720) 37,243
Purchases of available-for-sale securities (92,343) (835,364)
Proceeds from maturities and principal payments of available-for-sale securities 317,973 621,385
Proceeds from sales of available-for-sale securities 38,075 [1] 44,261 [1]
Purchases of held-to-maturity securities (732,767) (702,017)
Proceeds from maturities and principal payments of held-to-maturity securities 431,571 587,998
Net purchase of Federal Home Loan Bank stock (12,296) (3,248)
Net increase in loans (840,342) (503,397)
Proceeds from life insurance policies 760 1,768
Proceeds from the sale of foreclosed properties and repossessed assets 7,804 5,741
Proceeds from the sale of premises and equipment 2,641 1,304
Purchases of premises and equipment (19,908) (11,247)
Net cash used for investing activities (980,552) (755,573)
Financing Activities:    
Net increase in deposits 692,498 468,696
Proceeds from Federal Home Loan Bank advances 5,352,931 3,178,120
Repayments of Federal Home Loan Bank advances (5,115,130) (3,403,245)
Net (decrease) increase in securities sold under agreements to repurchase and other borrowings (94,687) 296,130
Issuance of long-term debt 150,000 0
Repayment of long-term debt (150,000) (102,579)
Dividends paid to common shareholders (49,672) (35,176)
Dividends paid to preferred shareholders (7,917) (8,164)
Exercise of stock options 1,739 984
Excess tax benefits from stock-based compensation 1,068 255
Common stock issued 436 195
Common stock repurchased (10,741) 0
Shares acquired related to employee share-based compensation plans (2,218) (381)
Common stock warrants repurchased 0 (30)
Net cash provided by financing activities 768,307 394,805
Net (decrease) increase in cash and due from banks (16,488) 14,464
Cash and due from banks at beginning of period 223,616 252,283
Cash and due from banks at end of period 207,128 266,747
Supplemental disclosure of cash flow information:    
Interest paid 69,737 66,582
Income taxes paid 82,155 42,507
Noncash investing and financing activities:    
Transfer of loans and leases, net to foreclosed properties and repossessed assets $ 3,289 $ 9,295
[1] Proceeds from sales, for the three and nine months ended September 30, 2014, does not include $25.3 million of unsettled sales transactions at September 30, 2014. The gross realized gains and gross realized losses for the three and nine months ended September 30, 2014 reflect the unsettled sales transactions.