XML 62 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 59,750 $ 61,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 3,990 3,393
Depreciation and amortization 18,529 17,956
Net amortization of securities 4,355 3,964
Securities gains, net 0 (389)
Gains on sales of loans, net (8,828) (4,584)
Deferred income tax provision 9,700 14,000
Proceeds from sales of loans held for sale 588,771 402,463
Purchases and originations of loans held for sale (617,089) (394,266)
Originations and sales of mortgage servicing rights, net (8,157) (5,179)
Increase in bank-owned life insurance (2,370) (2,337)
Net decrease (increase) in other assets 10,464 (99)
Net decrease in other liabilities (2,427) (15,827)
Other operating activities, net (1,015) 10,151
Net cash provided by operating activities 55,673 91,146
Investing Activities    
Proceeds from calls and maturities of securities held to maturity 62,454 39,903
Proceeds from calls and maturities of securities available for sale 218,337 166,089
Proceeds from sales of securities available for sale 0 26,274
Purchases of securities held to maturity (48,946) (25,252)
Purchases of securities available for sale (328,576) (360,703)
Proceeds from bank owned life insurance 655 0
Net decrease in federal funds sold and securities purchased under reverse repurchase agreements 1,885 2,253
Net decrease in member bank stock 3,815 0
Net decrease (increase) in loans 65,186 (256,722)
Purchases of premises and equipment (6,062) (6,132)
Proceeds from sales of premises and equipment 2,895 4,632
Proceeds from sales of other real estate 22,453 21,672
Purchases of software (4,490) 0
Investments in tax credit and other partnerships (116) 0
Net cash used in investing activities (10,510) (387,986)
Financing Activities    
Net increase in deposits 93,816 464
Net increase in federal funds purchased and securities sold under repurchase agreements 33,919 307,729
Net decrease in short-term borrowings (201,421) (1,673)
Payments on long-term FHLB advances (47) (109)
Common stock dividends (31,294) (31,224)
Common stock issued-net, long-term incentive plans (842) (795)
Excess tax expense from stock-based compensation arrangements (217) (353)
Net cash (used in) provided by financing activities (106,086) 274,039
Decrease in cash and cash equivalents (60,923) (22,801)
Cash and cash equivalents at beginning of period 315,973 345,761
Cash and cash equivalents at end of period $ 255,050 $ 322,960