XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 84,677 $ 88,847
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 37,087 11,500
Depreciation and amortization of premises and equipment 14,580 13,974
Amortization of tax credit investments 16,729 17,932
Net amortization of investment securities premiums 4,856 4,775
Investment securities gains, net (23) (2,542)
Gain on sales of mortgage loans held for sale (6,499) (6,562)
Proceeds from sales of mortgage loans held for sale 379,399 283,251
Originations of mortgage loans held for sale (377,268) (281,356)
Amortization of issuance costs on long-term debt 399 382
Stock-based compensation 4,184 1,769
Increase in accrued interest receivable (2,298) (1,309)
Increase in other assets (10,687) (44,542)
Decrease in accrued interest payable (1,024) (1,828)
(Decrease) increase in other liabilities (9,278) 3,398
Total adjustments 50,157 (1,158)
Net cash provided by operating activities 134,834 87,689
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 48,731 29,518
Proceeds from principal repayments and maturities of securities available for sale 170,141 225,788
Purchase of securities available for sale (306,713) (158,078)
Increase in other interest-earning assets (3,480) (71,845)
Net increase in loans (65,361) (655,172)
Net change in tax credit investments (21,973) (13,726)
Net change in tax credit investments 38,544 12,725
Net cash used in investing activities (217,199) (656,240)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in demand and savings deposits (265,298) 351,329
Net increase (decrease) in time deposits 67,565 (6,832)
Increase in short-term borrowings 366,309 153,542
Additions to long-term debt 50,000 223,251
Repayments of long-term debt (100,081) (115,075)
Net proceeds from issuance of common stock 2,455 4,870
Dividends paid (40,378) (36,614)
Net cash provided by financing activities 80,572 574,471
Net (Decrease) Increase in Cash and Restricted Cash (1,793) 5,920
Cash and Restricted Cash at Beginning of Period 246,726 236,887
Cash and Restricted Cash at End of Period 244,933 242,807
Cash paid during the period for:    
Interest 57,496 45,054
Income taxes 5,794 7,016
Supplemental schedule of certain noncash activities:    
Transfer of student loans to loans held for sale 0 28,990
Restricted cash $ 145,200 $ 147,900