XML 105 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income $ 183,684 $ 134,106 $ 119,558
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 33,684 54,698 74,388
Deferred income tax expense net of available for sale fair value tax adjustments (17,819) 4,679 (756)
Depreciation, Depletion and Amortization 32,153 23,060 22,872
Benefit attributable to FDIC loss share 10,790 14,728 42,552
Accretion of acquired loans (280,848) (80,506) (117,140)
Accretion of income for lease financing (3,566) (2,988) (2,556)
Amortization and accretion of investment securities, net      
Available for sale 17,274 15,343 15,127
Held to maturity 7,609 2,421 38
Losses (gains) on sales and calls of available-for-sale investment securities, net 2,803 (3,786) (11,081)
Originations of loans held for sale (550,193) (738,797) (526,719)
Proceeds from sales of loans, primarily mortgage loans sold in the secondary markets 574,321 757,298 544,690
Gains on sales of loans, net (12,067) (12,107) (6,708)
Amortization of Intangible Assets 8,392 1,866 2,172
Recognition of stock compensation expense 10,937 9,260 8,014
Net decrease (increase) in other assets 181,772 88,530 (136,344)
Net (decrease) increase in other liabilities (25,570) (99,704) 121,228
NET CASH PROVIDED BY OPERATING ACTIVITIES 173,356 168,101 149,335
Proceeds from sale of securities      
Available for sale 2,179,728 418,124 968,478
Proceeds from Sale of Other Investments 89,554 0 20,253
Proceeds from Sale of Held-to-maturity Securities 897 0 0
Proceeds from prepayments, calls, and maturities      
Available for sale 699,647 853,179 1,018,372
Held to maturity 245,259 54,775 37,326
Other 0 0 12
Purchases of securities      
Available for sale (1,059,130) (1,416,413) (2,267,953)
Held to maturity (1,832,993) (113,918) (60,115)
Other (3,098) (42) (278)
Net decrease (increase) in loans and leases 307,939 (499,500) (51,457)
Purchases of premises and equipment (40,632) (13,073) (17,955)
Sales of premises and equipment 1,110 1,813 0
Cash received for acquisition, net of cash paid 188,948 0 0
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES 777,229 (715,055) (353,317)
Financing Activities      
Net increase in demand accounts 835,011 532,924 434,167
Net increase in savings and money market accounts 176,513 162,714 783,625
Net decrease in certificates and other time deposits (514,103) (367,822) (1,054,189)
Net (decrease) increase in securities sold under agreements to repurchase (367,995) 238,260 88,680
Proceeds from issuance of subordinated debt 249,930 0 0
Net decrease in wholesale borrowings (655,603) (66,579) (122,545)
Net proceeds from issuance of preferred stock 96,550 0 0
Cash dividends - common (96,222) (69,459) (69,255)
Cash dividends - preferred (5,337) 0 0
Restricted stock activity (9,521) (2,389) (2,295)
NET CASH (USED) PROVIDED BY FINANCING ACTIVITIES (290,777) 427,649 58,188
Increase (decrease) in cash and cash equivalents 659,808 (119,305) (145,794)
Cash and cash equivalents at beginning of year 258,014 377,319 523,113
Cash and cash equivalents at end of year 917,822 258,014 377,319
Supplemental Non-Cash Information      
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 925,211    
Adjustments to Additional Paid in Capital, Warrant Issued 3,000    
Cash paid during the year for:      
Interest expense 50,055 40,252 61,275
Federal income taxes $ 27,662 $ 45,321 $ 29,115