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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 23,126 $ 20,124
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,730 4,000
Net (gain) loss on disposal of property and equipment 76 142
Depreciation and amortization 4,611 4,679
Net premium amortization on investment securities 2,791 3,238
Net gains on investment securities transactions (2) 21
Net gains on sales of mortgage loans held for sale (4,907) (4,588)
Net gain on sale of OREO 184 (102)
Write-downs of OREO and other assets pending disposal 47 17
Net reversal of impairment of mortgage servicing rights (70) 15
Deferred income tax expense 2,020 (517)
Net increase in cash surrender value of company-owned life insurance policies (1,146) (1,143)
Stock-based compensation expense 877 955
Tax benefits from stock-based compensation expense 0 420
Excess tax benefits from stock-based compensation 0 (307)
Originations of loans held for sale (193,083) (195,444)
Proceeds from sales of loans held for sale 235,020 199,316
Changes in operating assets and liabilities:    
Increase in interest receivable 2,140 822
Increase in other assets 1,693 (4,567)
Decrease in accrued interest payable (590) 224
Decrease in accounts payable and accrued expenses (1,484) (7,128)
Net cash provided by operating activities 73,033 20,177
Cash flows from investing activities:    
Purchases of held-to-maturity investment securities (934) (4,870)
Purchases of available-for-sale investment securities (113,377) (254,098)
Proceeds from maturities and paydowns of held-to-maturity investment securities 22,751 23,925
Proceeds from maturities and paydowns of available-for-sale investment securities 74,503 153,703
Purchases of company-owned life insurance 0 0
Extensions of credit to customers, net of repayments 35,985 (5,677)
Recoveries of loans charged-off 2,142 3,409
Proceeds from sales of OREO 728 309
Acquisition of banks and bank holding companies, net of cash and cash equivalents received 28,013 0
Capital expenditures, net of sales (4,456) (1,408)
Net cash used in investing activities (10,671) (84,707)
Cash flows from financing activities:    
Net increase (decrease) in deposits (75,931) 18,526
Net increase (decrease) in repurchase agreements 50,014 (45,112)
Net increase (decrease) in other borrowed funds (5) 31
Repayments of long-term debt (17) (15)
Advances on long-term debt 41 37
Proceeds from issuance of common stock 1,084 996
Excess tax benefits from stock-based compensation 0 307
Purchase and retirement of common stock (859) (25,309)
Dividends paid to common stockholders (10,760) (9,860)
Net cash provided by (used in) financing activities (36,433) (60,399)
Net increase (decrease) in cash and cash equivalents 25,929 (124,929)
Cash and cash equivalents at beginning of period 782,023 780,457
Cash and cash equivalents at end of period 807,952 655,528
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 28,750 4,206
Cash paid during the period for interest expense 6,154 15,390
Transfer of loans to other real estate owned 368 3,227
Capitalization of internally originated mortgage servicing rights $ 1,527 $ 602