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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 88,180 $ 95,489
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 7,760 7,596
Depreciation and amortization 27,995 27,088
Net amortization of securities 6,411 5,811
Securities gains, net 0 (300)
Gains on sales of loans, net (13,301) (7,853)
Deferred income tax provision 11,600 17,400
Proceeds from sales of loans held for sale 943,804 679,037
Purchases and originations of loans held for sale (985,935) (656,031)
Originations and sales of mortgage servicing rights, net (13,321) (8,883)
Increase in bank-owned life insurance (3,598) (3,526)
Net decrease in other assets 18,480 5,289
Net decrease in other liabilities (1,151) (11,087)
Other operating activities, net 6,325 9,552
Net cash provided by operating activities 93,249 159,582
Investing Activities    
Proceeds from calls and maturities of securities held to maturity 95,467 67,352
Proceeds from calls and maturities of securities available for sale 345,156 274,764
Proceeds from sales of securities available for sale 0 56,815
Purchases of securities held to maturity (68,715) (63,986)
Purchases of securities available for sale (375,866) (497,549)
Proceeds from bank owned life insurance 655 0
Net decrease in federal funds sold and securities purchased under reverse repurchase agreements 1,885 3,240
Net increase in member bank stock (12,585) 0
Net increase in loans (247,772) (354,281)
Purchases of premises and equipment (9,934) (8,555)
Proceeds from sales of premises and equipment 2,896 4,632
Proceeds from sales of other real estate 33,809 37,730
Purchases of software (6,576) 0
Investments in tax credit and other partnerships (315) (5,118)
Distributions received for investments in tax credit and other partnerships 0 7,037
Purchase of insurance book of business (2,787) 0
Net cash used in investing activities (244,682) (477,919)
Financing Activities    
Net decrease in deposits (285,954) (346,677)
Net increase in federal funds purchased and securities sold under repurchase agreements 90,661 356,264
Net increase in short-term borrowings 298,888 248,624
Payments on long-term FHLB advances (77) (138)
Common stock dividends (46,952) (46,852)
Common stock issued-net, long-term incentive plans (842) (795)
Excess tax expense from stock-based compensation arrangements (212) (353)
Net cash provided by financing activities 55,512 210,073
Decrease in cash and cash equivalents (95,921) (108,264)
Cash and cash equivalents at beginning of period 315,973 345,761
Cash and cash equivalents at end of period $ 220,052 $ 237,497