XML 25 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income per consolidated statements of income $ 105,630 $ 108,411 $ 116,038
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses, net 7,699 14,714 11,800
Depreciation and amortization 38,471 36,613 37,056
Net amortization of securities 10,964 9,664 7,793
Securities (gains) losses, net (15) 310 0
Gains on sales of loans, net (18,933) (20,531) (17,953)
Deferred income tax provision 26,068 18,000 14,800
Proceeds from sales of loans held for sale 1,197,821 1,404,852 1,264,303
Purchases and originations of loans held for sale (1,179,187) (1,392,155) (1,279,321)
Originations of mortgage servicing rights (15,860) (16,745) (17,598)
Earnings on bank-owned life insurance (5,025) (4,883) (4,824)
Net change in other assets 23,451 (20,129) 28,794
Net change in other liabilities 9,093 7,284 6,608
Other operating activities, net 6,430 2,932 5,043
Net cash provided by operating activities 206,607 148,337 172,539
Investing Activities      
Proceeds from maturities, prepayments and calls of securities held to maturity 174,976 277,373 126,546
Proceeds from maturities, prepayments and calls of securities available for sale 467,194 486,915 479,927
Proceeds from sales of securities available for sale 27,682 24,693 0
Purchases of securities held to maturity (69,989) (239,446) (107,679)
Purchases of securities available for sale (346,159) (547,112) (504,920)
Net proceeds from bank-owned life insurance 3,623 2,585 648
Net change in federal funds sold and securities purchased under reverse repurchase agreements 6,785 (250) 1,635
Net change in member bank stock 4,474 (8,386) (18,480)
Net change in loans (608,886) (677,296) (528,050)
Purchases of premises and equipment (13,219) (10,208) (12,757)
Proceeds from sales of premises and equipment 8,377 6,799 3,061
Proceeds from sales of other real estate 26,849 42,809 48,898
Purchases of software (5,498) (8,024) (8,741)
Investments in tax credit and other partnerships (5,296) (116) (4,578)
Purchase of insurance book of business 0 0 (2,787)
Net cash used in business acquisition (19,775) 0 0
Net cash used in investing activities (348,862) (649,664) (527,277)
Financing Activities      
Net change in deposits 355,342 467,782 (110,128)
Net change in federal funds purchased and securities sold under repurchase agreements (69,990) 98,775 (2,501)
Net change in short-term borrowings (67,451) (150,748) (7,293)
Payments on long-term FHLB advances (65) (94) (94)
Proceeds from long-term FHLB advances 0 250,000 500,000
Redemption of junior subordinated debt securities (3,000) 0 0
Payment of subordinated debt 0 (50,000) 0
Common stock dividends (62,795) (62,666) (62,605)
Repurchase and retirement of common stock 0 (750) 0
Shares withheld to pay taxes, long-term incentive plan (1,724) (1,017) (863)
Net cash provided by financing activities 150,317 551,282 316,516
Net change in cash and cash equivalents 8,062 49,955 (38,222)
Cash and cash equivalents at beginning of year 327,706 277,751 315,973
Cash and cash equivalents at end of year $ 335,768 $ 327,706 $ 277,751