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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Operating Activities:          
Net income $ 37,889 $ 34,692 $ 75,982 $ 57,241  
Adjustment to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 1,000 2,000 2,000 3,000  
Depreciation and amortization     13,008 12,606  
Amortization of intangibles 1,010 869 2,040 1,749  
Amortization of debt securities premium and discount, net     3,611 5,200  
Share-based compensation expense     4,452 4,679  
Security gains, net (23) (86) (1,094) (88)  
Net deferred loan origination expense     (3,429) (3,335)  
Increase in interest receivable     1,289 1,256  
Increase (decrease) in interest payable     284 656  
Realized gain on mortgages sold     (23,169) (23,516)  
Proceeds from mortgages sold     677,789 745,752  
Origination of mortgages held for sale     (673,686) (777,951)  
Loss on other real estate owned, net     960 1,729  
Increase in bank-owned life insurance     (3,379) (3,706)  
Other, net     1,226 16,261  
Net cash provided by (used in) operating activities     77,884 41,533  
Investing activities:          
Proceeds from calls and maturities of available-for-sale securities     260,047 224,051  
Proceeds from sales of available-for-sale securities     1,071 15  
Purchases of available-for-sale securities     (154,360) (229,469)  
Net increase in loans and leases     (211,450) (210,262)  
Purchases of premises and equipment     (15,708) (11,772)  
Proceeds from sale of premises and equipment     185 949  
Proceeds from death benefits from COLI     1,799    
Acquisition of Insurance Agency       (3,716)  
Proceeds from sale of other real estate owned     3,298 6,219  
Other, net     (216) (50)  
Net cash provided by (used in) investing activities     (115,334) (224,035)  
Financing activities:          
Net increase in deposits     250,155 33,206  
Net decrease in short-term debt and other liabilities     (81,187) (51,997)  
Advances of long-term debt       300,000  
Repayment of long-term debt       (4,187)  
Redemption of Junior Subordinated Debt     (12,888)    
Issuance of common stock     864 207  
Repurchase of common stock     (91,354) (971)  
Payment of cash dividends     (23,049) (18,872)  
Net cash provided by financing activities     42,541 257,386  
Increase in cash and cash equivalents     5,091 74,884  
Cash and cash equivalents at beginning of period     222,965 197,969 $ 197,969
Cash and cash equivalents at end of period $ 228,056 $ 272,853 228,056 272,853 $ 222,965
Supplemental Cash Flow Information          
Income tax (refunds) payments, net     44,967 23,304  
Interest paid     17,409 13,264  
Transfers of loans to other real estate owned     4,155 7,874  
MSR fair value adjustment     (707) (12,046)  
Financed sales of other real estate owned     1,442 541  
Transfers of loans held for sale to loan portfolio     $ 642 $ 75