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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Operating Activities:          
Net income $ 34,343 $ 28,778 $ 106,322 $ 88,090  
Adjustment to reconcile net income to net cash provided by operating activities:          
Provision for credit losses (3,000)   (13,000)    
Depreciation and amortization     19,914 20,336  
Deferred taxes       (1,939)  
Amortization of intangibles 949 1,126 3,042 3,332  
Amortization of debt securities premium and discount, net     9,461 9,921  
Share-based compensation expense     5,749 1,480  
Security gains, net (33) (18) (88) (19)  
Net deferred loan origination expense     (5,073) (5,199)  
Excess tax benefit from exercise of stock options     867 1,248  
(Increase) decrease in interest receivable     386 (161)  
Increase (decrease) in interest payable     (47) (942)  
Realized gain on mortgages sold     (34,965) (24,543)  
Proceeds from mortgages sold     1,134,164 781,368  
Origination of mortgages held for sale     (1,130,433) (793,850)  
Loss on other real estate owned, net     2,956 10,485  
Increase in bank-owned life insurance     (5,491) (5,599)  
Decrease in prepaid pension asset       4,244  
Other, net     14,532 21,692  
Net cash provided by operating activities     108,296 109,944  
Investing activities:          
Proceeds from calls and maturities of available-for-sale securities     276,707 426,015  
Proceeds from sales of available-for-sale securities     1,110    
Purchases of available-for-sale securities     (294,853) (160,387)  
Net (increase) decrease in loans and leases     (503,869) (599,310)  
Purchases of premises and equipment     (20,125) (12,685)  
Proceeds from sale of premises and equipment     549 336  
Purchase of bank-owned life insurance, net of proceeds from death benefits     2,742 1,206  
Acquisition of Insurance Agency       (5,060)  
Proceeds from sale of other real estate owned, net     13,033 28,366  
Other, net     (12) (12)  
Net cash (used in) provided by investing activities     (524,718) (321,531)  
Financing activities:          
Net increase (decrease) in deposits     169,607 (72,299)  
Net increase (decrease) in short-term debt and other liabilities     258,024 10,388  
Advances of long-term debt       8,000  
Repayment of advances of long-term debt     (6,280) (5,972)  
Redemption of Junior Subordinated Debt       (8,248)  
Issuance of common stock     6,071 9,621  
Repurchase of common stock     (70,439) (675)  
Excess tax benefit from exercise of stock options     (867) (1,248)  
Payment of cash dividends     (23,953) (16,769)  
Net cash provided by (used in) financing activities     332,163 (77,202)  
Increase (decrease) in cash and cash equivalents     (84,259) (288,789)  
Cash and cash equivalents at beginning of period     357,250 528,423 $ 528,423
Cash and cash equivalents at end of period $ 272,991 $ 239,634 $ 272,991 $ 239,634 $ 357,250