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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 256,369 $ 242,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 719 341
Depreciation and amortization 16,325 15,402
Amortization of discounts and premiums, net (15,983) (3,405)
Amortization of core deposit intangibles 1,452 2,929
Net gain on sales of securities (176) (803)
Gain on sales of loans (35,460) (40,778)
Stock plan-related compensation 16,367 14,627
Deferred tax expense (benefit) 20,250 (940)
Changes in assets and liabilities:    
Decrease in other assets 297,480 5,781
(Decrease) increase in other liabilities (21,206) 6,608
Origination of loans held for sale (2,176,235) (2,887,032)
Proceeds from sales of loans originated for sale 1,927,800 2,820,718
Net cash provided by operating activities 287,702 176,411
Cash Flows from Investing Activities:    
Proceeds from repayment of securities held to maturity 2,176,943 262,797
Proceeds from repayment of securities available for sale 49,959 8,004
Proceeds from sales of securities held to maturity   19,730
Proceeds from sales of securities available for sale 112,676 166,760
Purchase of securities held to maturity (10,086) (14,097)
Purchase of securities available for sale (112,500) (166,500)
Net redemption of Federal Home Loan Bank stock 77,136 5,122
Proceeds from sales of loans 1,037,760 1,045,613
Other changes in loans, net (1,864,187) (1,283,633)
Purchase of premises and equipment, net (60,939) (22,157)
Net cash provided by investing activities 1,406,762 21,639
Cash Flows from Financing Activities:    
Net increase in deposits 456,234 268,439
Net decrease in short-term borrowed funds (2,021,400) (616,800)
Proceeds from long-term borrowed funds 181,000 503,900
Repayments of long-term borrowed funds   (102,164)
Tax effect of stock plans [1]   1,674
Cash dividends paid on common stock (165,347) (221,849)
Payments relating to treasury shares received for restricted stock award tax payments [1] (8,336) (6,682)
Net cash used in financing activities (1,557,849) (173,482)
Net increase in cash and cash equivalents 136,615 24,568
Cash and cash equivalents at beginning of period 537,674 564,150
Cash and cash equivalents at end of period 674,289 588,718
Supplemental information:    
Cash paid for interest 185,450 276,654
Cash paid for income taxes 125,209 116,722
Non-cash investing and financing activities:    
Transfers to other real estate owned from loans 15,233 29,481
Transfer of loans from held for investment to held for sale 1,026,107 1,030,910
Transfer of loans from held for sale to held for investment   153,578
Shares issued for restricted stock awards $ 8,709 $ 7,691
[1] See Note 14, "Impact of Recent Accounting Pronouncements" for a discussion of the Company's adoption of ASU No. 2016-09.