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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 71,976 $ 65,232
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 3,787 7,379
Depreciation and amortization 9,504 9,753
Stock-based compensation expense 4,031 3,902
Pension expense (income) (956) (675)
Net amortization (accretion) on investment securities 7,916 6,213
Net (gains) losses on sales of investment securities (1,630) (234)
Originations of loans held for sale (123,387) (172,950)
Net gains from sales of loans held for sale (3,998) (5,093)
Proceeds from sales of loans held for sale 123,415 181,263
Deferred income taxes 3,977 271
Decrease (increase) cash surrender value of life insurance (563)  
Life Insurance, Corporate or Bank Owned, Change in Value   342
Decrease (increase) in interest receivable (4,069) (1,183)
Decrease (increase) in indemnification asset (3,840) (4,343)
(Decrease) increase in interest payable (1,052) (1,480)
Decrease (increase) in other assets 1,247 (21,301)
(Decrease) increase in other liabilities (1,046) 2,634
Net cash provided by (used in) operating activities 92,992 77,732
Investing activities    
Proceeds from sales of securities available-for-sale 179,517 206,909
Proceeds from calls, paydowns and maturities of securities available-for-sale 158,454 119,437
Purchases of securities available-for-sale (563,172) (225,117)
Proceeds from Sale of Held-to-maturity Securities 0 4,862
Proceeds from calls, paydowns and maturities of securities held-to-maturity 98,824 89,529
Payments to Acquire Held-to-maturity Securities 15,465 0
Net decrease (increase) in interest-bearing deposits with other banks 47,663 16,969
Net decrease (increase) in loans and leases (230,174) (406,005)
Proceeds from disposal of other real estate owned 6,797 6,908
Purchases of premises and equipment (4,798) (6,427)
Net cash provided by (used in) investing activities (322,354) (192,935)
Financing activities    
Net (decrease) increase in total deposits 200,302 159,059
Net (decrease) increase in short-term borrowings 55,820 (12,189)
Payments of long-term debt 94 86
Cash dividends paid on common stock (30,708) (29,318)
Proceeds from exercise of stock options 284 653
Excess tax benefit on share-based compensation 0 225
Net cash provided by (used in) financing activities 225,604 118,344
Cash and due from banks:    
Change in cash and due from banks (3,758) 3,141
Cash and due from banks at beginning of period 121,598 114,841
Cash and due from banks at end of period $ 117,840 $ 117,982