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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income per consolidated statements of income $ 116,514 $ 112,896
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses, net 7,180 15,043
Depreciation and amortization 29,585 29,512
Net amortization of securities 5,699 7,197
Gains on sales of loans, net (17,556) (16,409)
Compensation expense, long-term incentive plan 3,553 3,022
Deferred income tax provision (6,400) 5,612
Proceeds from sales of loans held for sale 943,309 836,971
Purchases and originations of loans held for sale (1,078,222) (823,134)
Originations of mortgage servicing rights (11,431) (12,248)
Earnings on bank-owned life insurance (4,239) (3,994)
Net change in other assets (31,241) 521
Net change in other liabilities (1,625) 14
Other operating activities, net 26,874 (13,290)
Net cash from operating activities (18,000) 141,713
Investing Activities    
Proceeds from maturities, prepayments and calls of securities held to maturity 125,652 114,531
Proceeds from maturities, prepayments and calls of securities available for sale 306,630 334,852
Purchases of securities available for sale (9,744) (14,040)
Net proceeds from bank-owned life insurance 4,159 1,843
Net change in federal funds sold and securities purchased under reverse repurchase agreements 830 (385)
Net change in member bank stock (285) 26,970
Net change in loans (370,781) (63,796)
Purchases of premises and equipment (11,335) (10,870)
Proceeds from sales of premises and equipment 2,374 651
Proceeds from sales of other real estate 6,698 16,490
Purchases of software (9,541) (10,701)
Investments in tax credit and other partnerships (3,426) (17)
Purchase of insurance book of business (347) 0
Net cash from investing activities 40,884 395,528
Financing Activities    
Net change in deposits (110,228) 379,398
Net change in federal funds purchased and securities sold under repurchase agreements 326,241 17,038
Net change in short-term borrowings 344 (780,606)
Payments on long-term FHLB advances (51) (50)
Payments under finance lease obligations (1,509) 0
Common stock dividends (44,924) (47,014)
Repurchase and retirement of common stock (54,416) (7,877)
Shares withheld to pay taxes, long-term incentive plan (1,639) (1,427)
Net cash from financing activities 113,818 (440,538)
Net change in cash and cash equivalents 136,702 96,703
Cash and cash equivalents at beginning of period 349,561 335,768
Cash and cash equivalents at end of period $ 486,263 $ 432,471