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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 220,542 $ 221,090
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 42,734 17,845
Deferred tax expense (benefit) (11,629) (12,234)
Accretion of loan discount (11,893) (10,545)
Securities premium amortization (discount accretion), net 59,071 54,346
Net (gain) loss on securities transactions (14,866) (176)
Depreciation and amortization 35,712 30,931
Net (gain) loss on sale/write-down of assets/foreclosed assets (373) (786)
Stock-based compensation 7,998 7,679
Net excess tax benefit from stock-based compensation 1,610 880
Earnings on life insurance policies (2,678) (2,689)
Net change in:    
Trading account securities 418 (818)
Accrued interest receivable and other assets 11,134 42,297
Accrued interest payable and other liabilities (2,806) 10,939
Net cash from operating activities 334,974 358,759
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 227,760 207,548
Securities available for sale:    
Purchases (10,079,302) (5,843,502)
Sales 9,040,245 4,721,189
Maturities, calls and principal repayments 270,737 580,765
Proceeds from sale of loans 30,470 0
Net change in loans (142,698) (368,690)
Benefits received on life insurance policies 906 225
Proceeds from sales of premises and equipment 1,517 74
Purchases of premises and equipment (32,647) (119,049)
Proceeds from sales of repossessed properties 297 4,117
Net cash from investing activities (547,105) (817,323)
Financing Activities:    
Net change in deposits 763,953 188,467
Net change in short-term borrowings (89,220) (170,940)
Proceeds from stock option exercises 47,873 11,830
Purchase of treasury stock 0 (74,947)
Cash dividends – preferred stock (6,047) (6,047)
Cash dividends – common stock (100,563) (99,017)
Net cash from financing activities 615,996 (150,654)
Net change in cash and cash equivalents 403,865 (609,218)
Cash and equivalents at beginning of period 3,591,523 4,364,123
Cash and equivalents at end of period $ 3,995,388 $ 3,754,905