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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net income $ 97,595 $ 81,719
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 1,580 9,827
Stock-based compensation expense 4,528 4,083
Depreciation, amortization and accretion 17,298 16,788
Investment securities (gain) loss, net 2,132 (11)
Net realized (gain) loss on sale of premises and equipment and loans held for investment 666 (141)
Net realized (gain) loss on sale and valuation adjustments of OREO 507 (803)
Gain on bank owned life insurance death benefit 2,975 0
Originations of loans held for sale 68,722 67,311
Proceeds from sales of loans held for sale 60,382 66,304
Net change in:    
Interest receivable (1,555) (2,224)
Interest payable 1,608 (36)
Other assets (16,484) 6,367
Other liabilities 8,560 (2,017)
Net cash provided by operating activities 98,510 114,455
Cash Flows From Investing Activities    
Loans originated, net of principal collected (207,641) (100,485)
Purchases of debt securities available for sale (54,405) (215,612)
Payments to Acquire Loans Held-for-investment (49,039) 0
Purchases of premises and equipment (3,540) (5,011)
Payments to Acquire Federal Home Loan Bank Stock (117,240) (89,720)
Proceeds from sales of debt securities available for sale 259,554 32,330
Proceeds from principal repayments and maturities of debt securities available for sale 182,125 219,683
Proceeds from Sales of Assets, Investing Activities 24 6,236
Proceeds from redemption of Federal Home Loan Bank Stock 113,400 86,200
Proceeds from sales of other real estate and other personal property owned 5,823 5,821
Proceeds from Life Insurance Policy 0 5,074
Net cash provided by (used in) investing activities 129,061 (55,484)
Cash Flows From Financing Activities    
Net decrease in deposits (246,404) (147,891)
Net decrease in sweep repurchase agreements (1) (10,868) (7,830) [1]
Proceeds from Federal Home Loan Bank advances 2,931,000 2,243,000
Proceeds from FRB borrowings 36,000 10
Proceeds from Other Debt 100 0
Proceeds from exercise of stock options 893 736
Repayment of Federal Home Loan Bank advances (2,835,000) (2,155,000)
Repayment of FRB borrowings 36,000 10
Repayments of Other Debt (100) 0
Repayments of junior subordinated debt 0 8,248
Repayment of term repurchase agreement 0 (25,000) [1]
Payment of common stock dividends (61,511) (35,105)
Purchase and retirement of common stock (21,863) 0
Payment, Tax Withholding, Share-based Payment Arrangement 2,746 2,627
Net cash used in financing activities (246,499) (137,965)
Decrease in cash and cash equivalents (18,928) (78,994)
Cash and cash equivalents at beginning of period 277,587 342,533
Cash and cash equivalents at end of period 258,659 263,539
Supplemental Information:    
Cash paid for interest 16,564 7,573
Cash paid for income tax 20,940 3,621
Non-cash investing and financing activities    
Loans transferred to other real estate owned 386 406
Premises and equipment expenditures incurred but not yet paid 56 40
Change in dividends payable on unvested shares $ 145 $ 0
[1] Revised from amounts previously reported to correct an immaterial misclassification of a $25.0 million repayment of the term repurchase agreement within Net decrease in sweep repurchase agreements for the six months ended June 30, 2018. There were no changes to net cash flows from operating, investing or financing activities as a result of this change.