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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net income $ 140,258 $ 145,240
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 37,689 11,035
Deferred tax expense (benefit) (9,633) (7,404)
Accretion of loan discount (8,185) (6,951)
Securities premium amortization (discount accretion), net 38,806 35,511
Net (gain) loss on securities transactions (14,903) (228)
Depreciation and amortization 23,823 20,175
Net (gain) loss on sale/write-down of assets/foreclosed assets (596) (845)
Stock-based compensation 5,477 5,337
Tax deficiency from stock-based compensation (60) (3)
Excess tax benefits from stock-based compensation (125) (753)
Earnings on life insurance policies (1,745) (1,814)
Net change in:    
Trading account securities 177 (212)
Accrued interest receivable and other assets (26,795) (64,974)
Accrued interest payable and other liabilities (4,474) (17,811)
Net cash from operating activities 179,714 116,303
Investing Activities:    
Securities held-to-maturity - Purchases 0 0
Securities held-to-maturity - Sales 135,610 0
Securities held to maturity: Maturities, calls and principal repayments 164,687 103,580
Securities available for sale:    
Purchases (1,514,263) (931,021)
Sales 1,060,196 223,987
Maturities, calls and principal repayments 165,883 471,195
Proceeds from sale of loans 30,470 0
Net change in loans (144,192) (410,449)
Benefits received on life insurance policies 591 0
Proceeds from sales of premises and equipment 1,516 10
Purchases of premises and equipment (23,459) (96,805)
Proceeds from sales of repossessed properties 297 3,947
Net cash from investing activities (122,664) (635,556)
Financing Activities:    
Net change in deposits (56,144) (294,776)
Net change in short-term borrowings (160,362) (210,755)
Proceeds from stock option exercises 3,586 8,950
Excess tax benefits from stock-based compensation 125 753
Purchase of treasury stock 0 (10,594)
Cash dividends – preferred stock (4,031) (4,031)
Cash dividends – common stock (66,524) (65,871)
Net cash from financing activities (283,350) (576,324)
Net change in cash and cash equivalents (226,300) (1,095,577)
Cash and equivalents at beginning of period 3,591,523 4,364,123
Cash and equivalents at end of period $ 3,365,223 $ 3,268,546