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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income per consolidated statements of income $ 89,862 $ 79,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 3,533 11,730
Depreciation and amortization 28,781 27,183
Net amortization of securities 8,084 6,833
Securities (gains) losses, net (15) 310
Gains on sales of loans, net (13,633) (14,477)
Deferred income tax provision 4,800 12,900
Proceeds from sales of loans held for sale 885,520 1,030,784
Purchases and originations of loans held for sale (895,992) (1,096,979)
Originations of mortgage servicing rights (11,630) (12,392)
Earnings on bank-owned life insurance (3,753) (3,653)
Net change in other assets 29,599 (20,833)
Net change in other liabilities 4,205 5,405
Other operating activities, net 6,280 15,490
Net cash provided by operating activities 135,641 41,789
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 128,515 221,002
Proceeds from maturities, prepayments and calls of securities available for sale 351,817 344,160
Proceeds from sales of securities available for sale 27,682 24,693
Purchases of securities held to maturity (69,989) (168,665)
Purchases of securities available for sale (338,532) (408,532)
Net proceeds from bank-owned life insurance 3,630 604
Net change in federal funds sold and securities purchased under reverse repurchase agreements 4,185 (250)
Net change in member bank stock 739 (2,153)
Net change in loans (457,292) (343,707)
Purchases of premises and equipment (10,963) (6,929)
Proceeds from sales of premises and equipment 7,792 435
Proceeds from sales of other real estate 20,301 37,378
Purchases of software (3,492) (5,072)
Investments in tax credit and other partnerships (5,213) (46)
Net cash used in business acquisition (19,775) 0
Net cash used in investing activities (360,595) (307,082)
Financing Activities    
Net change in deposits 9,572 97,471
Net change in federal funds purchased and securities sold under repurchase agreements 5,786 73,876
Net change in short-term borrowings 283,820 (1,057)
Payments on long-term FHLB advances (49) (78)
Proceeds from long-term FHLB advances 0 250,000
Redemption of junior subordinated debt securities (3,000) 0
Common stock dividends (47,099) (46,983)
Repurchase and retirement of common stock 0 (750)
Shares withheld to pay taxes, long-term incentive plan (1,659) (992)
Net cash provided by financing activities 247,371 371,487
Net change in cash and cash equivalents 22,417 106,194
Cash and cash equivalents at beginning of period 327,706 277,751
Cash and cash equivalents at end of period $ 350,123 $ 383,945