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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 129,909 $ 119,259
Adjustments to reconcile net income to net cash provided by operating activities:    
(Recovery of) provision for loan losses (176) 7
Depreciation and amortization 8,053 7,645
Amortization of discounts and premiums, net (8,470) (1,670)
Amortization of core deposit intangibles 846 1,584
Net gain on sales of securities (163) (211)
Gain on sales of loans (19,386) (21,461)
Stock plan-related compensation 8,207 7,165
Deferred tax expense 18,027 9,419
Changes in assets and liabilities:    
Decrease in other assets 293,865 12,625
(Decrease) increase in other liabilities (21,286) 29,606
Origination of loans held for sale (899,100) (1,492,222)
Proceeds from sales of loans originated for sale 801,347 1,404,595
Net cash provided by operating activities 311,673 76,341
Cash Flows from Investing Activities:    
Proceeds from repayment of securities held to maturity 1,923,149 139,544
Proceeds from repayment of securities available for sale 49,959 886
Proceeds from sales of securities available for sale 104,663 135,211
Purchase of securities held to maturity (10,086)  
Purchase of securities available for sale (104,500) (135,000)
Net redemption of Federal Home Loan Bank stock 112,724 50,385
Proceeds from sales of loans 585,616 559,261
Other changes in loans, net (910,243) (321,684)
Purchase of premises and equipment, net (10,763) (10,682)
Net cash provided by investing activities 1,740,519 417,921
Cash Flows from Financing Activities:    
Net increase in deposits 555,554 602,653
Net decrease in short-term borrowed funds (2,403,700) (1,161,000)
Proceeds from long-term borrowed funds   200,000
Repayments of long-term borrowed funds   (1,085)
Tax effect of stock plans [1]   996
Cash dividends paid on common stock (82,618) (110,851)
Payments relating to treasury shares received for restricted stock award tax payments [1] (8,222) (6,567)
Net cash used in financing activities (1,938,986) (475,854)
Net increase in cash and cash equivalents 113,206 18,408
Cash and cash equivalents at beginning of period 537,674 564,150
Cash and cash equivalents at end of period 650,880 582,558
Supplemental information:    
Cash paid for interest 91,079 139,220
Cash paid for income taxes 2 10,698
Non-cash investing and financing activities:    
Transfers to other real estate owned from loans 9,456 17,098
Transfer of loans from held for investment to held for sale 579,841 553,315
Transfer of loans from held for sale to held for investment   153,578
Shares issued for restricted stock awards $ 8,668 $ 7,694
[1] See Note 14, "Impact of Recent Accounting Pronouncements" for a discussion of the Company's adoption of ASU No. 2016-09.