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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 164,148 $ 163,665
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 22,526 16,401
Gain on sale of investment securities, net (27) (858)
Gain on sale of other real estate owned, net (620) (1,683)
Valuation adjustment on other real estate owned 146 1,601
Provision for loan and lease losses 34,326 28,503
Change in cash surrender value of bank owned life insurance (6,272) (6,483)
Depreciation, amortization and accretion 43,628 44,607
Loss on sale of premises and equipment 1,127 5,221
Additions to residential mortgage servicing rights carried at fair value (23,486) (25,020)
Change in fair value of residential mortgage servicing rights carried at fair value 25,234 42,391
Change in junior subordinated debentures carried at fair value 4,666 4,657
Stock-based compensation 6,688 7,523
Net increase in trading account assets (955) (1,280)
Gain on sale of loans, net (103,665) (136,949)
Change in loans held for sale carried at fair value (7,210) (13,555)
Origination of loans held for sale (2,563,978) (2,928,951)
Proceeds from sales of loans held for sale 2,631,668 3,133,551
Goodwill impairment 0 142
Change in other assets and liabilities:    
Net decrease in other assets 21,390 9,336
Net (decrease) increase in other liabilities (2,282) 44,314
Net cash provided by operating activities 247,052 387,133
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (783,430) (443,094)
Proceeds from investment securities available for sale 437,007 461,342
Proceeds from investment securities held to maturity 392 389
Purchases of restricted equity securities (243,171) (600)
Redemption of restricted equity securities 243,190 12
Net change in loans and leases (1,405,145) (1,248,475)
Proceeds from sales of loans 218,944 429,997
Net change in premises and equipment (14,131) (22,573)
Proceeds from bank owned life insurance death benefits 373 814
Proceeds from sales of other real estate owned 5,825 13,608
Net cash used in investing activities (1,540,146) (808,580)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 831,811 1,213,354
Net (decrease) increase in securities sold under agreements to repurchase (31,406) 4,903
Proceeds from term debt borrowings 205,000 490,000
Repayment of term debt borrowings (205,000) (475,014)
Dividends paid on common stock (105,748) (105,824)
Proceeds from stock options exercised 548 1,098
Repurchase and retirement of common stock (5,977) (14,354)
Net cash provided by financing activities 689,228 1,114,163
Net (decrease) increase in cash and cash equivalents (603,866) 692,716
Cash and cash equivalents, beginning of period 1,449,432 773,725
Cash and cash equivalents, end of period 845,566 1,466,441
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 58,191 53,783
Income taxes 25,668 12,921
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Change in unrealized gains on investment securities available for sale, net of taxes 13,819 19,230
Cash dividend declared on common stock and payable after period-end 39,649 35,250
Transfer of loans to loans held for sale 0 265,741
Change in GNMA mortgage loans recognized due to repurchase option 1,445 (11,857)
Transfer of loans to other real estate owned 2,851 5,409
Transfers from other real estate owned to loans due to internal financing $ 78 $ 5,881