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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 65,232 $ 55,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 7,379 7,777
Depreciation and amortization 9,753 9,697
Stock-based compensation expense 3,902 3,006
Pension expense (income) (675) (900)
Net amortization of premiums/accretion of discounts on investment securities 6,213 5,874
Net gains on sales of investment securities (234) (1,503)
Originations of loans held for sale (172,950) (197,621)
Net gains from sales of loans held for sale (5,093) (5,146)
Proceeds from sales of loans held for sale 181,263 187,364
Deferred income taxes 271 2,954
Bank owned life insurance income (1,342) (1,314)
Decrease (increase) in interest receivable (1,183) (1,912)
Decrease (increase) in indemnification asset (4,343) (3,735)
(Decrease) increase in interest payable (1,480) 706
Decrease (increase) in other assets (21,301) (22,770)
(Decrease) increase in other liabilities 2,634 16,136
Net cash provided by (used in) operating activities 76,732 61,326
Investing activities    
Proceeds from sales of securities available-for-sale 206,909 68,615
Proceeds from calls, paydowns and maturities of securities available-for-sale 119,437 88,336
Purchases of securities available-for-sale (225,117) (375,244)
Proceeds from Sale of Held-to-maturity Securities 4,862 0
Proceeds from calls, paydowns and maturities of securities held-to-maturity 89,529 111,499
Payments to Acquire Held-to-maturity Securities 0 3,520
Net decrease (increase) in interest-bearing deposits with other banks 16,969 (1,561)
Net decrease (increase) in loans and leases (406,005) (213,936)
Proceeds from disposal of other real estate owned 6,908 12,238
Purchases of premises and equipment (6,427) (6,371)
Payments to Acquire Life Insurance Policies (4,006) (3,575)
Life insurance death benefits 5,006 0
Payments to Acquire Businesses, Net of Cash Acquired 0 (305,591)
Net cash provided by (used in) investing activities (191,935) (629,110)
Financing activities    
Net (decrease) increase in total deposits 159,059 425,686
Net (decrease) increase in short-term borrowings (12,189) 102,125
Payments on long-term debt (86) (46,238)
Proceeds from issuance of long-term debt 0 120,000
Cash dividends paid on common stock (29,318) (29,282)
Treasury stock purchase 0 (2,783)
Proceeds from exercise of stock options 653 367
Excess tax benefit on share-based compensation 225 85
Net cash provided by (used in) financing activities 118,344 569,960
Cash and due from banks:    
Change in cash and due from banks 3,141 2,176
Cash and due from banks at beginning of period 114,841 110,122
Cash and due from banks at end of period $ 117,982 $ 112,298