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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 466,201 $ 495,401 $ (47,156)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for (recoveries of) loan losses 37,242 4,180 (15,004)
Depreciation and amortization 32,803 32,811 31,497
Amortization of discounts and premiums, net (4,555) (26,258) (8,069)
Amortization of core deposit intangibles 208 2,391 5,344
Net gain on sales of securities (29,924) (3,347) (4,054)
Gain on trading securities activity (316)    
Net gain on sales of loans (87,301) (57,398) (65,649)
Stock-based compensation 36,029 32,661 30,205
Deferred tax expense (benefit) 21,444 44,746 (31,289)
Changes in operating assets and liabilities:      
Decrease (increase) in other assets 451,873 326,790 (196,899)
Increase (decrease) in other liabilities 23,329 (4,336) 15,425
Purchases of securities held for trading (202,450)    
Proceeds from sales of securities held for trading 202,766    
Origination of loans held for sale (1,674,123) (4,646,773) (4,680,243)
Proceeds from sales of loans originated for sale 2,053,484 4,554,785 4,545,466
Net cash provided by (used in) operating activities 1,326,710 755,653 (420,426)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from repayment of securities held to maturity 175,375 2,499,205 940,580
Proceeds from repayment of securities available for sale 387,772 50,192 9,889
Proceeds from sales of securities held to maturity 547,925 1,297 44,104
Proceeds from sales of securities available for sale 453,878 322,038 278,689
Purchases of securities held to maturity (13,030) (213,208) (20,021)
Purchases of securities available for sale (1,163,043) (279,402) (318,027)
Redemption of Federal Home Loan Bank stock 90,909 601,941 623,189
Purchases of Federal Home Loan Bank stock (103,794) (528,904) (771,833)
Proceeds from sales of loans 2,289,377 1,675,550 1,923,208
Other changes in loans, net (1,575,846) (2,826,365) (4,072,135)
Purchase of premises and equipment, net (27,783) (84,179) (34,802)
Net cash provided by (used in) investing activities 1,061,740 1,218,165 (1,397,159)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 214,260 461,145 98,024
Net (decrease) increase in short-term borrowed funds (460,000) (3,256,300) 768,100
Proceeds from long-term borrowed funds 3,000,000 1,181,000 11,243,500
Repayments of long-term borrowed funds (3,300,000)   (10,489,682)
Tax effect of stock plans [1]     2,486
Net proceeds from issuance of preferred stock 502,840    
Proceeds received from follow-on common stock offering, net     629,682
Cash dividends paid on common stock (332,147) (330,810) (453,981)
Cash dividends paid on preferred stock (24,621)    
Payments relating to treasury shares received for restricted stock award tax payments [2] (18,463) (8,677) (7,020)
Net cash (used in) provided by financing activities (418,131) (1,953,642) 1,791,109
Net increase (decrease) in cash and cash equivalents 1,970,319 20,176 (26,476)
Cash and cash equivalents at beginning of year 557,850 537,674 564,150
Cash and cash equivalents at end of year 2,528,169 557,850 537,674
Supplemental information:      
Cash paid for interest 447,476 382,135 540,818
Cash paid for income taxes 217,682 180,238 187,608
Cash paid for prepayment penalties on borrowings     914,965
Non-cash investing and financing activities:      
Transfers to other real estate owned from loans 9,973 20,099 47,096
Transfer of loans from held for investment to held for sale 1,910,121 1,659,743 1,897,075
Transfer of loans from held for sale to held for investment     153,578
Shares issued for restricted stock awards 11,028 $ 8,985 $ 7,708
Securities transferred from held to maturity to available for sale $ 3,040,305    
[1] See Note 2, "Summary of Significant Accounting Policies" for a discussion of the Company's adoption of Accounting Standards Update No. 2016-09. See accompanying notes to the consolidated financial statements.
[2] See Note 2, "Summary of Significant Accounting Policies" for a discussion of the Company's adoption of Accounting Standards Update No. 2016-09.