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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 116,127 $ 112,755 $ 95,644
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 2,284 1,912 6,887
Net amortization of investment securities premiums and discounts 26,709 27,491 64,066
Loans held for sale originated or acquired (888,676) (669,144) (918,451)
Proceeds from sales of loans held for sale 925,353 705,178 1,084,799
Gain on sale of loans (26,389) (19,797) (28,517)
(Gain) loss on sale of investments (19) 188 299
Bargain purchase gain 0 (680) 0
Stock-based compensation expense, net of tax benefits 1,087 859 1,011
Excess tax (benefits) deficiencies from stock-based compensation (102) (138) 223
Depreciation of premises and equipment 14,365 12,108 10,485
Loss (gain) on sale of other real estate owned and write-downs, net 938 (937) 1,450
Core deposit intangible amortization 2,964 2,811 2,401
Deferred tax (benefit) expense [1] (4,080) 5,931 4,633
Net (increase) decrease in accrued interest receivable (2,377) 2,648 (265)
Net (increase) decrease in other assets (793) (5,702) 19,881
Net (decrease) increase in accrued interest payable (828) 567 (1,354)
Net increase (decrease) in other liabilities 4,903 6,684 (9,097)
Net cash provided by operating activities 171,466 182,734 334,095
Investing Activities      
Sales of available-for-sale securities 136,777 169,372 181,971
Maturities, prepayments and calls of available-for-sale securities 663,828 628,238 1,682,363
Purchases of available-for-sale securities (961,224) (281,332) (1,426,262)
Maturities, prepayments and calls of held-to-maturity securities 20,997 8,930 0
Purchases of held-to-maturity securities (203,554) (49,691) 0
Principal collected on loans 1,737,508 1,418,517 1,224,222
Loans originated or acquired (2,112,154) (1,735,155) (1,559,353)
Net addition of premises and equipment and other real estate owned (18,224) (14,389) (8,977)
Proceeds from sale of other real estate owned 10,278 15,714 28,535
Net proceeds from sale of non-marketable equity securities 27,770 801 583
Net cash received (paid) in acquisitions 21,427 (2,112) 26,155
Net cash (used in) provided by investing activities (676,571) 158,893 149,237
Financing Activities      
Net increase (decrease) in deposits 215,650 455,604 (334,672)
Net increase in securities sold under agreements to repurchase 24,951 83,713 23,886
Net increase (decrease) in short-term Federal Home Loan Bank advances 140,000 (421,000) (204,467)
Proceeds from long-term Federal Home Loan Bank advances 50,000 192,500 1,147,451
Repayments of long-term Federal Home Loan Bank advances (94,749) (314,738) (1,105,282)
Net decrease in other borrowed funds (566) (933) (1,502)
Cash dividends paid (79,456) (50,944) (44,232)
Excess tax benefits (deficiencies) from stock-based compensation 102 138 (223)
Stock-based compensation activity 17 785 4,326
Net cash provided by (used in) financing activities 255,949 (54,875) (514,715)
Net (decrease) increase in cash and cash equivalents (249,156) 286,752 (31,383)
Cash and cash equivalents at beginning of period 442,409 155,657 187,040
Cash and cash equivalents at end of period 193,253 442,409 155,657
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest 30,103 26,398 30,111
Cash paid during the period for income taxes 39,622 33,343 23,576
Supplemental Disclosure of Non-Cash Investing Activities      
Transfer of investment securities from available-for-sale to held-to-maturity 0 484,583 0
Sale and refinancing of other real estate owned 446 1,361 4,819
Transfer of loans to other real estate owned 7,989 11,493 15,266
Fair value of common stock shares issued 25,939 15,127 45,033
Cash consideration for outstanding shares 28,364 16,690 24,858
Fair value of assets acquired 434,963 349,167 630,569
Liabilities assumed $ 391,592 $ 316,670 $ 560,678
[1] Includes tax benefit of operating loss carryforwards of $391,000, $0 and $0 for the years ended December 31, 2015, 2014, and 2013, respectively.