XML 19 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 48,969 $ 36,859
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,500 3,000
Gains on sales of loans (3,431) (3,375)
Proceeds from sales of loans 119,845 119,683
Loans originated for sale (120,077) (111,903)
Net gains from sales/writedowns of other real estate and repossessed assets (2,512) (1,578)
Depreciation of premises and equipment 5,562 5,239
Amortization of intangible assets 4,751 3,787
Net gains on sale of investment securities (37) (607)
Net amortization of premiums and discounts on investment securities 2,891 2,759
Share-based compensation expense 1,780 1,461
Net increase in interest receivable and other assets (13,642) (11,695)
Net decrease in interest payable and other liabilities (4,139) (15,727)
Net cash provided by operating activities 44,460 27,903
Investment securities – available-for-sale:    
Proceeds from sales 0 13,173
Proceeds from maturities, calls and principal reductions 99,528 113,973
Investment securities – held-to-maturity:    
Proceeds from maturities, calls and principal reductions 57,518 54,481
Purchases (101,295) (205,286)
Net increase in loans (385,814) (250,997)
Proceeds from sales of other real estate and repossessed assets 7,377 7,934
Purchases of premises and equipment, net of disposals (3,897) (3,333)
Cash acquired, net of cash paid, in business combinations 0 16,551
Net cash used in investing activities (326,583) (253,504)
Financing Activities    
Net increase in interest- and noninterest-bearing demand deposits and savings accounts 95,263 217,719
Net decrease in time deposits (87,384) (72,795)
Net increase in securities sold under agreements to repurchase with customers and other short-term borrowings 159,014 103,824
Proceeds from long-term borrowings 150,000 25,000
Repayment of long-term borrowings (20,558) 0
Cash dividends paid (19,942) (17,049)
Proceeds from directors’ stock plans and exercise of stock options, net of shares withheld 653 1,462
Cash paid for payroll taxes upon conversion of share-based awards (752) (546)
Net cash provided by financing activities 276,294 257,615
Net increase (decrease) in cash and cash equivalents (5,829) 32,014
Cash and cash equivalents at beginning of period 238,789 183,020
Cash and cash equivalents at end of period 232,960 215,034
Supplemental Disclosure of Cash Flow Information:    
Interest paid 10,764 6,592
Loans transferred to other real estate and repossessed assets 3,370 5,908
Closed branch offices transferred to other real estate 1,863 359
Federal income taxes paid 11,700 20,800
Fair value of tangible assets acquired (non-cash) 0 1,284,552
Goodwill and identifiable intangible assets acquired 0 116,478
Liabilities assumed 0 1,257,917
Common stock issued $ 0 $ 159,904