XML 24 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash flows from operating activities:      
Net income $ 194,244,000 $ 147,951,000 $ 114,965,000
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for credit losses 3,200,000 4,726,000 13,220,000
Depreciation and amortization 8,466,000 6,166,000 6,859,000
Stock-based compensation 17,930,000 12,465,000 7,699,000
Excess tax benefit of stock-based compensation (5,874,000) (4,194,000) (1,552,000)
Deferred income taxes 3,254,000 (7,182,000) (13,717,000)
Amortization of net premiums for investment securities 9,775,000 8,035,000 9,727,000
Accretion And Amortization Fair Market Value Adjustments Relating To Acquisitions of Loans (17,144,000) (17,014,000) (10,917,000)
Accretion and Amortization Fair Market Value Adjustments Relating to Acquisitions of Other Assets and Liabilities 1,279,000 (552,000) 437,000
Income from bank owned life insurance (3,899,000) (4,508,000) (4,809,000)
Unrealized losses on assets and liabilities measured at fair value, net (47,000) (1,212,000) 6,483,000
(Gains) / Losses on:      
Sales of investment securities (615,000) (757,000) 1,195,000
Business Combination, Bargain Purchase, Gain Recognized, Amount 0 0 (10,044,000)
Gains (Losses) on Extinguishment of Debt 81,000 502,000 1,387,000
Other assets acquired through foreclosure, net (2,628,000) (2,866,000) (5,924,000)
Valuation adjustments of other repossessed assets, net 182,000 294,000 3,743,000
Sale of premises, equipment, and other assets, net 376,000 (2,778,000) (206,000)
Changes in, net of acquisitions:      
Other assets (9,999,000) 9,242,000 33,185,000
Other liabilities 14,231,000 14,971,000 13,318,000
Net cash provided by operating activities 212,812,000 163,289,000 165,049,000
Investment securities - measured at fair value      
Principal pay downs and maturities 347,000 1,144,000 1,881,000
Investment securities - AFS      
Purchases (827,002,000) (143,052,000) (729,768,000)
Principal pay downs and maturities 273,950,000 226,455,000 208,228,000
Proceeds from sales 132,546,000 95,826,000 63,153,000
Principal pay downs and maturities of held-to-maturity securities 0 6,600,000 5,375,000
Purchase of investment tax credits (29,437,000) (32,484,000) (40,355,000)
Proceeds from Sale (Payments to Purchase) Investment In Money Market 330,000 2,181,000 (1,968,000)
Proceeds from Life Insurance Policies 797,000 1,046,000 2,582,000
(Purchase) liquidation of restricted stock (25,821,000) 4,911,000 750,000
Payments for (Proceeds from) Loans and Leases (1,269,351,000) (1,560,633,000) (728,793,000)
Purchase of premises, equipment, and other assets, net (10,856,000) (13,925,000) (18,873,000)
Proceeds from sale of other real estate owned and repossessed assets, net 45,627,000 25,918,000 43,242,000
Cash Acquired from Acquisition 342,427,000 0 21,204,000
Net cash used in investing activities (1,366,443,000) (1,386,013,000) (1,173,342,000)
Cash flows from financing activities:      
Net increase in deposits 1,357,855,000 1,093,353,000 1,045,173,000
Proceeds from Issuance of Subordinated Long-term Debt 150,000,000 0 0
Net (increase) decrease in borrowings (257,038,000) 40,407,000 70,159,000
Payments of Debt Extinguishment Costs 0 (6,501,000) (10,887,000)
Proceeds from exercise of common stock options 1,935,000 8,294,000 4,595,000
Redemption Of Preferred Stock (70,500,000) (70,500,000) 0
Excess tax benefit of stock-based compensation 5,874,000 4,194,000 1,552,000
Cash dividends paid on preferred stock (750,000) (1,387,000) (1,410,000)
Proceeds from Issuance of Common Stock 28,288,000 13,746,000 0
Net cash provided by financing activities 1,213,875,000 1,081,606,000 1,109,182,000
Net increase (decrease) in cash and cash equivalents 60,244,000 (141,118,000) 100,889,000
Cash and cash equivalents at beginning of period 164,396,000 305,514,000 204,625,000
Cash and cash equivalents at end of period 224,640,000 164,396,000 305,514,000
Cash paid during the period for:      
Interest 28,831,000 26,516,000 28,613,000
Income taxes 54,590,000 35,556,000 19,105,000
Non-cash investing and financing activity:      
Transfers to other assets acquired through foreclosure, net 28,566,000 13,777,000 24,911,000
Change in unfunded LIHTC and SBIC commitments 39,617,000 9,798,000 50,000,000
Non-cash assets acquired in acquisition 1,587,186,000 0 410,827,000
Non-cash liabilities acquired in acquisition 1,764,996,000 0 421,987,000
Change in unrealized gain on AFS securities, net of tax (6,502,000) 29,209,000 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) (4,276,000)    
Change in unfunded obligations (27,325,000) (28,522,000) (29,755,000)
Transfer of HTM securities to AFS, amortized cost 0 275,300,000 0
Unrealized gain on transfer of HTM securities to AFS, net of tax 0 $ 8,976,000 $ 0
Subordinated Debt [Member]      
Cash flows from financing activities:      
Proceeds from Debt, Net of Issuance Costs $ 148,211,000