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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 101,926 $ 106,307
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 10,085 (1,068)
Specific reserve, other real estate owned 88 2,658
Depreciation of bank premises and equipment 14,013 12,637
Gain on sale of bank premises and equipment (194) (147)
Gain on sale of other real estate owned (639) (688)
Accretion of investment securities discounts (186) (133)
Amortization of investment securities premiums 8,240 10,857
Investment securities transactions, net 10  
Unrealized loss on equity securities with readily determinable fair values (190) 1,021
Stock based compensation expense 504 470
Earnings from affiliates and other investments (290) (7,683)
Deferred tax expense 764 363
Increase in accrued interest receivable (1,153) (1,306)
Increase in other assets (25,589) (42,795)
Net increase in other liabilities 18,028 21,724
Net cash provided by operating activities 125,417 102,217
Investing activities:    
Proceeds from maturities of securities   1,075
Proceeds from sales and calls of available for sale securities 60,695 18,145
Purchases of available for sale securities (380,095) (47,346)
Principal collected on mortgage backed securities 317,822 363,406
Net increase in loans (316,959) (126,153)
Purchases of other investments (35,766) (27,457)
Distributions from other investments 56,181 8,702
Purchases of bank premises and equipment (14,409) (10,274)
Proceeds from sales of bank premises and equipment 1,470 2,191
Proceeds from sales of other real estate owned 1,793 901
Net cash (used in) provided by investing activities (309,268) 183,190
Financing activities:    
Net increase in non-interest bearing demand deposits 100,067 193,768
Net increase (decrease) in savings and interest bearing demand deposits 36,089 (14,745)
Net decrease in time deposits (4,043) (54,287)
Net increase (decrease) in securities sold under repurchase agreements 11,199 (47,050)
Net increase (decrease) in other borrowed funds 102,711 (342,275)
Redemption of long-term debt (25,774)  
Purchase of treasury stock (128) (57)
Proceeds from stock transactions 874 818
Payments of cash dividends - common (32,822) (21,814)
Net cash provided by (used in) financing activities 188,173 (285,642)
Increase (decrease) in cash and cash equivalents 4,322 (235)
Cash and cash equivalents at beginning of period 316,797 265,357
Cash and cash equivalents at end of period 321,119 265,122
Supplemental cash flow information:    
Interest paid 28,602 11,593
Income taxes paid 27,864 27,948
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 22,281 $ 31,139
Establishment of lease liability and right-of-use asset $ 6,171