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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Operating Activities:          
Net income $ 34,692 $ 39,713 $ 57,241 $ 71,979  
Adjustment to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 2,000 (5,000) 3,000 (10,000) $ (13,000)
Depreciation and amortization     12,606 13,411  
Amortization of intangibles 869 1,061 1,749 2,093  
Amortization of debt securities premium and discount, net     5,200 6,503  
Share-based compensation expense     4,679 3,904  
Security gains, net (86) (41) (88) (55)  
Net deferred loan origination expense     (3,335) (3,295)  
Excess tax benefit from exercise of stock options     (1,103) (702)  
Increase in interest receivable     1,256 920  
Increase (decrease) in interest payable     656 94  
Realized gain on mortgages sold     (23,516) (21,672)  
Proceeds from mortgages sold     745,752 687,076  
Origination of mortgages held for sale     (777,951) (728,269)  
Loss on other real estate owned, net (886) (1,200) 1,729 2,634  
Increase in bank-owned life insurance     (3,706) (3,649)  
Other, net     16,261 12,949  
Net cash provided by (used in) operating activities     40,430 33,921  
Investing activities:          
Proceeds from calls and maturities of available-for-sale securities     224,051 151,206  
Proceeds from sales of available-for-sale securities     15 1,110  
Purchases of available-for-sale securities     (229,469) (261,356)  
Net increase in loans and leases     (210,262) (290,005)  
Purchases of premises and equipment     (11,772) (12,818)  
Proceeds from sale of premises and equipment     949 139  
Purchase of bank-owned life insurance, net of proceeds from death benefits       2,742  
Acquisition of Insurance Agency     (3,716)    
Proceeds from sale of other real estate owned     6,219 11,468  
Other, net     (50) (12)  
Net cash provided by (used in) investing activities     (224,035) (397,526)  
Financing activities:          
Net increase in deposits     33,206 162,622  
Net decrease in short-term debt and other liabilities     (51,997) 76,806  
Advances of long-term debt     300,000    
Repayment of long-term debt     (4,187) (4,186)  
Issuance of common stock     207 5,168  
Repurchase of common stock     (971) (2,288)  
Excess tax benefit from exercise of stock options     1,103 702  
Payment of cash dividends     (18,872) (14,490)  
Net cash provided by financing activities     258,489 224,334  
Increase in cash and cash equivalents     74,884 (139,271)  
Cash and cash equivalents at beginning of period     197,969 357,250 357,250
Cash and cash equivalents at end of period $ 272,853 $ 217,979 $ 272,853 $ 217,979 $ 197,969