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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income per consolidated statements of income $ 55,283 $ 48,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 1,514 6,755
Depreciation and amortization 18,729 17,679
Net amortization of securities 5,375 4,273
Securities gains (losses), net (1) 310
Gains on sales of loans, net (8,550) (8,071)
Deferred income tax provision (benefit) 4,200 (2,100)
Proceeds from sales of loans held for sale 565,150 598,752
Purchases and originations of loans held for sale (588,773) (646,487)
Originations of mortgage servicing rights (7,497) (7,211)
Earnings on bank-owned life insurance (2,487) (2,429)
Net change in other assets 22,130 (8,963)
Net change in other liabilities (5,676) (857)
Other operating activities, net 2,588 16,933
Net cash provided by operating activities 61,985 17,090
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 90,340 141,881
Proceeds from maturities, prepayments and calls of securities available for sale 230,945 213,709
Proceeds from sales of securities available for sale 26,409 24,693
Purchases of securities held to maturity (69,989) (121,931)
Purchases of securities available for sale (292,170) (240,482)
Net proceeds from bank-owned life insurance 0 604
Net change in federal funds sold and securities purchased under reverse repurchase agreements 500 (2,948)
Net change in member bank stock 474 (6)
Net change in loans (374,640) (272,617)
Purchases of premises and equipment (8,142) (5,135)
Proceeds from sales of premises and equipment 7,696 155
Proceeds from sales of other real estate 15,948 17,101
Purchases of software (2,267) (3,576)
Investments in tax credit and other partnerships (2,893) (46)
Net cash used in business acquisition (19,775) 0
Net cash used in investing activities (397,564) (248,598)
Financing Activities    
Net change in deposits 201,221 (56,706)
Net change in federal funds purchased and securities sold under repurchase agreements (31,749) 165,294
Net change in short-term borrowings 192,799 (49,734)
Payments on long-term FHLB advances (33) (48)
Proceeds from long-term FHLB advances 0 250,000
Redemption of junior subordinated debt securities (3,000) 0
Common stock dividends (31,397) (31,301)
Repurchase and retirement of common stock 0 (750)
Shares withheld to pay taxes, long-term incentive plan (1,639) (949)
Net cash provided by financing activities 326,202 275,806
Net change in cash and cash equivalents (9,377) 44,298
Cash and cash equivalents at beginning of period 327,706 277,751
Cash and cash equivalents at end of period $ 318,329 $ 322,049