XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Operating Activities:          
Net income $ 39,528 $ 37,817 $ 115,510 $ 95,058  
Adjustment to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 500   2,500 3,000  
Depreciation and amortization     19,581 19,023  
Amortization of intangibles 994 923 3,034 2,672  
Amortization of debt securities premium and discount, net     5,345 7,751  
Share-based compensation expense     6,987 6,856  
Security gains, net (5) (1) (1,099) (89)  
Net deferred loan origination expense     (5,141) (5,059)  
Increase in interest receivable     (2,449) (682)  
Increase (decrease) in interest payable     851 1,036  
Realized gain on mortgages sold     (37,017) (40,209)  
Proceeds from mortgages sold     1,080,551 1,249,605  
Origination of mortgages held for sale     (1,016,090) (1,256,131)  
Loss on other real estate owned, net (164) (525) 1,125 2,254  
Increase in bank-owned life insurance     (6,079) (5,481)  
Other, net     7,338 15,465  
Net cash provided by (used in) operating activities     174,947 95,069  
Investing activities:          
Proceeds from calls and maturities of available-for-sale securities     425,719 315,221  
Proceeds from sales of available-for-sale securities     1,071 15  
Purchases of available-for-sale securities     (266,808) (690,820)  
Net increase in loans and leases     (250,290) (293,761)  
Purchases of premises and equipment     (27,050) (17,637)  
Proceeds from sale of premises and equipment     288 1,362  
Proceeds from death benefits from COLI     5,366    
Acquisition of Insurance Agency       (3,716)  
Proceeds from sale of other real estate owned     5,899 10,352  
Other, net     (356) (87)  
Net cash provided by (used in) investing activities     (106,161) (679,071)  
Financing activities:          
Net increase in deposits     87,847 258,898  
Net decrease in short-term debt and other liabilities     42 1,023  
Advances of long-term debt       500,000  
Repayment of long-term debt       (6,280)  
Redemption of Junior Subordinated Debt     (12,888)    
Issuance of common stock     880 1,879  
Repurchase of common stock     (111,739) (14,162)  
Payment of cash dividends     (35,706) (30,599)  
Net cash provided by financing activities     (71,564) 710,759  
Increase in cash and cash equivalents     (2,778) 126,757  
Cash and cash equivalents at beginning of period     222,965 197,969 $ 197,969
Cash and cash equivalents at end of period $ 220,187 $ 324,726 220,187 324,726 $ 222,965
Supplemental Cash Flow Information          
Income tax (refunds) payments, net     61,368 36,897  
Interest paid     27,408 20,634  
Transfers of loans to other real estate owned     5,173 9,266  
MSR fair value adjustment     (671) (10,233)  
Financed sales of other real estate owned     1,442 $ 673  
Transfers of loans held for sale to loan portfolio     $ 642