XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 187,032 $ 169,736
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,858 33,061
Accretion of discount and amortization of premiums, net (2,680) (4,931)
Stock compensation costs 6,158 5,151
Deferred income tax expense 677 2,295
Provision for credit losses 20,218 7,068
Net gains on sales of loans (1,582) (2,754)
Net gains on sales of available-for-sale investment securities (2,129) (2,474)
Net gains on sales of premises and equipment (1,086) (72,007)
Net gain on sale of business (31,470) 0
Originations and purchases of loans held-for-sale (4,617) (4,287)
Proceeds from sales and paydowns/payoffs in loans held-for-sale 2,545 4,773
Proceeds from distributions received from equity method investees 887 8
Net change in accrued interest receivable and other assets 14,465 93,647
Net change in accrued expenses and other liabilities (570) (37,791)
Other net operating activities 148 (5,220)
Total adjustments 30,822 16,539
Net cash provided by operating activities 217,854 186,275
Net (increase) decrease in:    
Loans held-for-investment (619,671) (1,085,449)
Interest-bearing deposits with banks (71,203) 75,140
Investments in qualified affordable housing partnerships, tax credit and other investments (22,799) (39,531)
Payment for sale of business, net of cash transferred (503,687) 0
Purchases of:    
Resale agreements 0 (200,000)
Available-for-sale investment securities (157,933) (50,936)
Loans held-for-investment (80,077) (147,242)
Premises and equipment (1,757) (1,191)
Proceeds from sale of:    
Available-for-sale investment securities 214,790 302,656
Loans held-for-investment 112,964 276,643
Other real estate owned (“OREO”) 2,716 3,958
Premises and equipment 0 116,021
Paydowns and maturities of resale agreements 0 400,000
Proceeds from distributions received from equity method investees 629 1,169
Repayments, maturities and redemptions of available-for-sale investment securities 87,677 125,006
Other net investing activities (1,967) 10,355
Net cash used in investing activities (1,040,318) (213,401)
Net increase (decrease) in:    
Deposits 964,380 646,188
Short-term borrowings 30,215 (18,524)
Payments for:    
Repayment of long-term debt (5,000) (5,000)
Repurchase of vested shares due to employee tax liability (14,946) (12,154)
Cash dividends on common stock (30,235) (30,039)
Net cash provided by financing activities 944,414 580,471
Effect of exchange rate changes on cash and cash equivalents 18,396 2,795
NET INCREASE IN CASH AND CASH EQUIVALENTS 140,346 556,140
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,174,592 1,878,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,314,938 2,434,643
Cash paid (received) during the period for:    
Interest paid 43,218 30,361
Income taxes paid (refunded), net 10,084 (230)
Noncash investing and financing activities:    
Loans transferred from held-for-investment to held-for-sale $ 155,767 $ 278,024