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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Cash Flows from Operating Activities          
Net income     $ 73,638 $ 50,433  
Adjustments to reconcile net income to net cash provided by operating activities:          
Stock-based and non-cash compensation     2,666 1,935  
Depreciation     7,158 6,084  
Amortization of intangible assets $ 1,445 $ 1,286 4,450 3,675  
Premises and equipment impairment     817    
Provision for loan losses 758 1,494 4,024 2,494  
Provision for deferred income taxes     4,696 (3,480)  
Amortization of security premiums and discounts, net     6,545 4,172  
Accretion of premiums and discounts on time deposits and trust preferred securities, net     (82) (232)  
Accretion of premiums and discounts on portfolio loans, net     (8,615) (6,329)  
Security gains, net   (290) (160) (1,143)  
Change in equity securities, net     (2,699)    
Gain on sales of mortgage loans, net of origination costs     (7,805) (36,911)  
Mortgage loans originated for sale     (336,169) (1,166,083)  
Proceeds from sales of mortgage loans     406,205 1,314,779  
Net losses (gains) on disposition of premises and equipment     186 (57)  
Increase in cash surrender value of bank owned life insurance     (926) (1,604)  
Change in assets and liabilities:          
(Increase) decrease in other assets     (3,627) 14,049  
Decrease in other liabilities     (7,215) (5,513)  
Increase in interest payable     1,849 1,650  
Decrease in income taxes receivable     2,200 1,435  
Net cash provided by operating activities     147,136 179,354  
Cash Flows from Investing Activities          
Proceeds from sales of securities classified available for sale       134,515  
Proceeds from sales of securities classified equity     920    
Proceeds from maturities of securities classified available for sale     115,522 154,435  
Proceeds from sales of securities classified held to maturity     31,815    
Proceeds from maturities of securities classified held to maturity       6,358  
Purchase of securities classified available for sale     (122,954) (128,425)  
Purchase of securities classified held to maturity     (217,767) (185,201)  
Net increase in loans     (104,195) (98,040)  
Proceeds from disposition of premises and equipment     26 622  
Proceeds from sale of other real estate owned (“OREO”) properties     4,275 4,069 $ 5,024
Purchases of premises and equipment     (10,436) (11,336)  
Proceeds (purchases) from the redemption of Federal Home Loan Bank ("FHLB") stock, net     (2,611) 4,322  
Net cash received in acquisitions       29,947  
Net cash used in investing activities     (305,405) (88,734)  
Cash Flows from Financing Activities          
Net increase (decrease) in certificates of deposit     216,313 (92,596)  
Net increase in demand deposits, money market and savings accounts     (146,517) (42,414)  
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase     (48,660) 4,443  
Proceeds from short-term borrowings, net       53,150  
Repayment of long-term advances     (5,500) (39,800)  
Net proceeds from issuance of senior debt       39,326  
Net proceeds from issuance of subordinated debt       58,986  
Cash dividends paid     (29,238) (21,971)  
Proceeds from FHLB long term advances, net     (20,000)    
Value of shares surrendered upon vesting to satisfy tax withholding obligations of stock-based compensation     (1,136) (1,975)  
Proceeds from stock options exercised     387 165  
Common stock issuance costs       (259)  
Net cash (used in) financing activities     (34,351) (42,945)  
Net increase (decrease) in cash and cash equivalents     (192,620) 47,675  
Cash and cash equivalents, beginning of period     353,272 166,706 166,706
Cash and cash equivalents, ending of period $ 160,652 $ 214,381 160,652 214,381 $ 353,272
Cash payments for:          
Interest     26,665 11,485  
Income taxes     20,127 19,369  
Non-cash Investing and Financing Activities:          
Other real estate acquired in settlement of loans     $ 3,706 $ 477