XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 157,402,000 $ 112,201,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 3,212,000 9,096,000
Specific reserve, other real estate owned 3,033,000 330,000
Depreciation of bank premises and equipment 19,097,000 18,936,000
Gain on sale of bank premises and equipment (293,000) (30,000)
Gain on sale of other real estate owned (1,317,000) (267,000)
Accretion of investment securities discounts (209,000) (307,000)
Amortization of investment securities premiums 15,620,000 18,068,000
Investment securities transactions, net 141,000 1,612,000
Unrealized loss on equity securities with readily determinable fair values 312,000  
Amortization of identified intangible assets   25,000
Stock based compensation expense 755,000 699,000
Earnings from affiliates and other investments (12,247,000) (9,538,000)
Deferred tax expense (benefit) 1,373,000 (26,000)
Decrease (increase) in accrued interest receivable 65,000 (106,000)
(Increase) decrease in other assets (48,747,000) 6,516,000
Net increase in other liabilities 40,533,000 17,314,000
Net cash provided by operating activities 178,730,000 174,523,000
Investing activities:    
Proceeds from maturities of securities 1,075,000  
Proceeds from sales and calls of available for sale securities 37,675,000 279,419,000
Proceeds from sales of equity securities with readily determinable fair values 21,607,000  
Purchases of available for sale securities (47,346,000) (944,241,000)
Principal collected on mortgage backed securities 529,956,000 573,713,000
Net increase in loans (168,823,000) (245,019,000)
Purchases of other investments (34,914,000) (10,282,000)
Distributions from other investments 2,894,000 349,000
Purchases of bank premises and equipment (16,256,000) (10,303,000)
Proceeds from sales of other real estate owned 1,413,000 2,194,000
Proceeds from sales of bank premises and equipment 3,633,000 11,139,000
Net cash provided by (used in) investing activities 330,914,000 (343,031,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 188,518,000 86,778,000
Net (decrease) increase in savings and interest bearing demand deposits (13,938,000) 49,654,000
Net decrease in time deposits (73,871,000) (132,980,000)
Net decrease in securities sold under repurchase agreements (20,002,000) (126,952,000)
Net (decrease) increase in other borrowed funds (520,325,000) 334,125,000
Repurchase of outstanding common stock warrant (29,005,000)  
Purchase of treasury stock (57,000) (132,000)
Proceeds from stock transactions 1,158,000 1,185,000
Payments of cash dividends - common (21,815,000) (21,793,000)
Net cash (used in) provided by financing activities (489,337,000) 189,885,000
Increase in cash and cash equivalents 20,307,000 21,377,000
Cash and cash equivalents at beginning of period 265,357,000 269,198,000
Cash and cash equivalents at end of period 285,664,000 290,575,000
Supplemental cash flow information:    
Interest paid 37,051,000 9,735,000
Income taxes paid 39,715,000 54,442,000
Non-cash investing and financing activities:    
Net transfers from loans to other real estate owned 31,609,000 1,538,000
Dividends declared, not yet paid on common stock $ 27,784,000 $ 21,801,000