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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income per consolidated statements of income $ 108,411 $ 116,038 $ 123,562
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses, net 14,714 11,800 7,382
Depreciation and amortization 36,613 37,056 36,072
Net amortization of securities 9,664 7,793 7,701
Securities losses (gains), net 310 0 (300)
Gains on sales of loans, net (20,531) (17,953) (10,762)
Deferred income tax provision 18,000 14,800 18,700
Proceeds from sales of loans held for sale 1,404,852 1,264,303 924,289
Purchases and originations of loans held for sale (1,392,155) (1,279,321) (893,569)
Originations of mortgage servicing rights (16,745) (17,598) (12,293)
Earnings on bank-owned life insurance (4,883) (4,824) (4,728)
Net (increase) decrease in other assets (20,129) 28,794 4,886
Net increase (decrease) in other liabilities 7,284 6,608 (6,010)
Other operating activities, net 2,022 4,391 16,337
Net cash provided by operating activities 147,427 171,887 211,267
Investing Activities      
Proceeds from maturities, prepayments and calls of securities held to maturity 277,373 126,546 93,471
Proceeds from maturities, prepayments and calls of securities available for sale 486,915 479,927 405,186
Proceeds from sales of securities available for sale 24,693 0 56,814
Purchases of securities held to maturity (239,446) (107,679) (90,114)
Purchases of securities available for sale (547,112) (504,920) (631,713)
Net proceeds from bank-owned life insurance 2,585 648 0
Net (increase) decrease in federal funds sold and securities purchased under reverse repurchase agreements (250) 1,635 5,368
Net increase in member bank stock (8,386) (18,480) 0
Net increase in loans (677,296) (528,050) (437,240)
Purchases of premises and equipment (10,208) (12,757) (12,389)
Proceeds from sales of premises and equipment 6,799 3,061 4,641
Proceeds from sales of other real estate 42,809 48,898 48,119
Purchases of software (8,024) (8,741) 0
Investments in tax credit and other partnerships (116) (4,578) (5,435)
Distributions received for investments in tax credit and other partnerships 0 0 7,037
Purchase of insurance book of business 0 (2,787) 0
Net cash used in investing activities (649,664) (527,277) (556,255)
Financing Activities      
Net increase (decrease) in deposits 467,782 (110,128) (161,544)
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements 98,775 (2,501) 191,956
Net (decrease) increase in short-term borrowings (150,748) (7,293) 348,920
Proceeds from long-term FHLB advances 250,000 500,000 0
Payments on long-term FHLB advances (94) (94) (156)
Payment of subordinated debt (50,000) 0 0
Common stock dividends (62,666) (62,605) (62,474)
Common stock issued-net, long-term incentive plan 0 0 (1,307)
Repurchase and retirement of common stock (750) 0 0
Excess tax expense from stock-based compensation arrangements (107) (211) (195)
Net cash provided by financing activities 552,192 317,168 315,200
Increase (Decrease) in cash and cash equivalents 49,955 (38,222) (29,788)
Cash and cash equivalents at beginning of year 277,751 315,973 345,761
Cash and cash equivalents at end of year $ 327,706 $ 277,751 $ 315,973