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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 198,385 $ 161,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 20,500 21,500
Deferred tax expense (benefit) 514 (4,247)
Depreciation and amortization 18,884 19,187
Amortization of premium/discount on earning assets and funding, net 22,785 26,625
Stock-based compensation 6,416 5,879
Gain on sale, net of write-down, on foreclosed and repossessed assets (635) (291)
Loss on sale, net of write-down, on premises and equipment 482 253
Increase in cash surrender value of life insurance policies (7,234) (7,215)
Gain from life insurance policies (3,412) (825)
Mortgage banking activities (1,696) (2,379)
Proceeds from sale of loans held for sale 63,464 90,063
Origination of loans held for sale (74,076) (86,694)
Net increase in right-of-use lease assets (888) 0
Net (increase) decrease in derivative contract assets net of liabilities (115,498) 65,421
Net increase in accrued interest receivable and other assets (28,485) (9,482)
Net decrease in accrued expenses and other liabilities (1,545) (23,176)
Net cash provided by operating activities 97,961 256,526
Investing Activities:    
Purchases of available for sale investment securities (255,885) (455,042)
Proceeds from maturities and principal payments of available for sale investment securities 251,957 256,179
Purchases of held-to-maturity investment securities (567,118) (157,061)
Proceeds from maturities and principal payments of held-to-maturity investment securities 242,511 271,195
Net proceeds from Federal Home Loan Bank stock 30,915 10,273
Alternative investments capital call, net (3,316) (246)
Net increase in loans (847,143) (523,631)
Proceeds from loans not originated for sale 20,012 34
Proceeds from life insurance policies 2,270 2,429
Proceeds from the sale of foreclosed and repossessed assets 8,191 3,801
Additions to premises and equipment (12,698) (16,063)
Net cash used for investing activities (1) (1,130,304) (608,132)
Financing Activities:    
Net increase in deposits 738,802 351,004
Proceeds from Federal Home Loan Bank advances 3,700,000 4,000,000
Repayments of Federal Home Loan Bank advances (4,100,152) (4,100,149)
Net decrease in securities sold under agreements to repurchase and other borrowings 375,046 219,299
Issuance of long-term debt 300,000 0
Debt issuance costs (3,642) 0
Dividends paid to common shareholders (67,165) (53,974)
Dividends paid to preferred shareholders (3,938) (3,938)
Exercise of stock options 621 2,110
Common stock repurchase program (13,003) (12,158)
Common shares purchased related to stock compensation plan activity (6,245) (8,092)
Net cash (used for) provided by financing activities 920,324 394,102
Net decrease in cash and due from banks (112,019) 42,496
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Beginning of Period 329,499 256,786
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents End of Period 217,480 299,282
Supplemental disclosure of cash flow information:    
Interest paid 87,129 64,009
Income taxes paid 69,759 47,781
Noncash investing and financing activities:    
Real Estate Owned, Transfer to Real Estate Owned 5,880 3,406
Transfer of loans from portfolio to loans-held-for-sale 15,438 35
Operating Lease, Right-of-Use Asset 158,270 0
Operating Lease, Liability $ 178,724 $ 0