XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net income $ 84,941 $ 68,816
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 7,952 28,500
Deferred tax expense (benefit) (4,301) (4,395)
Accretion of loan discount (3,913) (3,727)
Securities premium amortization (discount accretion), net 21,638 19,725
Net (gain) loss on securities transactions 0 (14,903)
Depreciation and amortization 12,121 11,912
Net (gain) loss on sale/write-down of assets/foreclosed assets (533) (632)
Stock-based compensation 3,103 2,482
Net excess tax benefit from stock-based compensation 3,515 37
Earnings on life insurance policies (783) (867)
Net change in:    
Trading account securities (1,088) (444)
Accrued interest receivable and other assets 55,705 29,418
Accrued interest payable and other liabilities (48,702) (5,792)
Net cash from operating activities 129,655 130,130
Investing Activities:    
Securities held-to-maturity - Purchases 0 0
Securities held-to-maturity - Sales 0 135,610
Securities held to maturity: Maturities, calls and principal repayments 599,457 149,507
Securities available for sale:    
Purchases (466,004) (813,955)
Sales 0 1,060,196
Maturities, calls and principal repayments 107,586 91,993
Proceeds from sale of loans 0 0
Net change in loans (214,281) (54,632)
Benefits received on life insurance policies 461 0
Proceeds from sales of premises and equipment 1,544 1,513
Purchases of premises and equipment (6,311) (7,366)
Proceeds from sales of repossessed properties 345 57
Net cash from investing activities 22,797 562,923
Financing Activities:    
Net change in deposits 330,589 (186,620)
Net change in short-term borrowings (81,792) (199,636)
Proceeds from issuance of subordinated notes 98,446 0
Principal payments on subordinated notes (100,000) 0
Proceeds from stock option exercises 24,747 97
Purchase of treasury stock (42) 0
Cash dividends – preferred stock (2,016) (2,016)
Cash dividends – common stock (34,656) (32,938)
Net cash from financing activities 235,276 (421,113)
Net change in cash and cash equivalents 387,728 271,940
Cash and equivalents at beginning of period 4,141,445 3,591,523
Cash and equivalents at end of period $ 4,529,173 $ 3,863,463