Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets

	December 31,
	2014		2013
Assets:
Cash	$	7,335	$	7,477
Resell agreements	286,660		320,200
Total cash and cash equivalents	293,995		327,677
Investment in subsidiaries	2,791,647		2,409,433
Accrued interest receivable and other assets	29,705		19,038
Total assets	$	3,115,347	$	2,756,148
Liabilities:
Junior subordinated deferrable interest debentures	$	137,115	$	123,712
Subordinated notes payable	100,000		100,000
Accrued interest payable and other liabilities	26,829		18,275
Total liabilities	263,944		241,987
Shareholders’ Equity	2,851,403		2,514,161
Total liabilities and shareholders’ equity	$	3,115,347	$	2,756,148

Schedule of Condensed Statements of Income

Condensed Statements of Income

	Year Ended December 31,
	2014		2013		2012
Income:
Dividend income paid by Frost Bank	$	114,439	$	144,642	$	143,623
Dividend income paid by non-banks	4,323		2,819		3,077
Interest and other income	69		79		308
Total income	118,831		147,540		147,008
Expenses:
Interest expense	3,381		7,365		8,512
Salaries and employee benefits	1,218		1,175		1,167
Other	8,526		6,735		6,727
Total expenses	13,125		15,275		16,406
Income before income taxes and equity in undistributed earnings of subsidiaries	105,706		132,265		130,602
Income tax benefit	6,702		7,845		7,463
Equity in undistributed earnings of subsidiaries	165,569		97,756		99,887
Net income	277,977		237,866		237,952
Preferred stock dividends	8,063		6,719		—
Net income available to common shareholders	$	269,914	$	231,147	$	237,952

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ended December 31,
	2014			2013			2012
Operating Activities:
Net income	$	277,977		$	237,866		$	237,952
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(165,569		)	(97,756		)	(99,887		)
Stock-based compensation	441			330			330
Excess tax benefits from stock-based compensation	(165		)	(155		)	(133		)
Net change in other assets and other liabilities	(1,984		)	2,372			(2,256		)
Net cash from operating activities	110,700			142,657			136,006
Investing Activities:
Net cash received in acquisitions	830,661			—			—
Capital contribution to subsidiaries	(879,730		)	—			—
Net cash from investing activities	(49,069		)	—			—
Financing Activities:
Proceeds from stock option exercises	29,158			68,653			10,516
Proceeds from stock-based compensation activities of subsidiaries	12,062			11,633			12,506
Excess tax benefits from stock-based compensation	165			155			133
Proceeds from issuance of preferred stock	—			144,486			—
Purchase of treasury stock	(1,457		)	(144,630		)	(436		)
Cash dividends paid on preferred stock	(8,063		)	(6,719		)	—
Cash dividends paid on common stock	(127,178		)	(119,619		)	(116,853		)
Net cash from financing activities	(95,313		)	(46,041		)	(94,134		)
Net change in cash and cash equivalents	(33,682		)	96,616			41,872
Cash and cash equivalents at beginning of year	327,677			231,061			189,189
Cash and cash equivalents at end of year	$	293,995		$	327,677		$	231,061