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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 210,981 $ 140,077
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 21,856 15,778
Gains on sales of loans (9,772) (26,537)
Proceeds from sales of loans 569,768 601,694
Loans originated for sale (599,671) (577,874)
Net gains on sale of investment securities (3) (168)
Net losses (gains) from sales/writedowns of other real estate and repossessed assets 473 (597)
Depreciation of premises and equipment 12,735 13,444
Amortization of intangible assets 4,290 4,564
Additions to loan servicing rights (6,337) (6,461)
Valuation change in loan servicing rights (2,529) 8,242
Net amortization of premiums and discounts on investment securities 14,174 13,933
Share-based compensation expense 5,991 14,573
Deferred income tax expense 18,134 36,508
Change in deferred tax valuation allowance (456) 60
Net increase in interest receivable and other assets (34,702) (148,180)
Net increase in interest payable and other liabilities 12,583 40,181
Net cash provided by operating activities 217,515 129,237
Debt securities – available-for-sale:    
Proceeds from maturities, calls and principal reductions 223,049 227,854
Proceeds from sales and redemptions 4,215 17,085
Purchases (1,069,703) (1,041,744)
Investment securities – held-to-maturity:    
Proceeds from maturities, calls and principal reductions 91,317 73,762
Purchases (23,523) (109,704)
Net increase in loans (661,400) (862,498)
Proceeds from sales of other real estate and repossessed assets 10,156 15,569
Purchases of premises and equipment, net of disposals (9,144) (11,616)
Proceeds from returns of investment in equity method investments 326 143
Net cash used in investing activities (1,434,707) (1,691,149)
Cash flows from financing activities    
Net increase in interest- and noninterest-bearing demand deposits and savings accounts 1,153,767 828,517
Net increase in time deposits 648,282 103,606
Net (decrease) increase in collateralized customer deposits and other short-term borrowings (367,765) 1,146,550
Proceeds from issuance of long-term borrowings 200,000 0
Repayment of long-term borrowings (142,000) (200,000)
Cash dividends paid (64,554) (58,504)
Proceeds from directors’ stock plans and exercise of stock options, net of shares withheld 3,016 3,353
Cash paid for payroll taxes upon conversion of share-based awards (4,782) (26,801)
Net cash provided by financing activities 1,425,964 1,796,721
Net increase in cash and cash equivalents 208,772 234,809
Cash and cash equivalents at beginning of period 455,991 474,402
Cash and cash equivalents at end of period 664,763 709,211
Supplemental disclosures of cash flow information:    
Interest paid 93,150 51,505
Net income tax payments 4,599 9,922
Non-cash activities:    
Loans transferred to other real estate and repossessed assets 8,785 8,972
Net transfer of loans held-for-sale to loans held- for-investment (1,928) (2,651)
Closed branch offices transferred to other assets 0 1,634
Business combinations:    
Fair value of tangible assets acquired (noncash) 0 420
Goodwill, loans servicing rights and other identifiable intangible assets acquired 0 1,034
Liabilities assumed $ 0 $ 1,454