XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Operating activities        
Net income $ 36,418 $ 66,924 $ 47,150  
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for loan and lease losses   6,038 834  
Depreciation and amortization   10,208 6,354  
Stock-based compensation expense   3,446 2,966  
Pension expense (income) 338 182 (637)  
Net amortization (accretion) on investment securities   5,178 4,998  
Net (gains) losses on sales of investment securities   30 (1,354)  
Originations of loans held for sale   (54,041) (75,543)  
Net gains from sales of loans held for sale (2,316) (2,904) (2,543)  
Proceeds from sales of loans held for sale   50,004 78,771  
Deferred income taxes   (12,104) 3,987  
Decrease (increase) cash surrender value of life insurance   (398) 116  
Decrease (increase) in interest receivable   (565) (1,397)  
Decrease (increase) in indemnification asset   (1,900) (2,418)  
(Decrease) increase in interest payable   2,596 148  
Decrease (increase) in other assets   26,646 (18,472)  
(Decrease) increase in other liabilities   10,724 (5,571)  
Net cash provided by (used in) operating activities   114,660 41,993  
Investing activities        
Proceeds from sales of securities available-for-sale   216,197 125,606  
Proceeds from calls, paydowns and maturities of securities available-for-sale   161,733 102,893  
Purchases of securities available-for-sale   (444,686) (464,543)  
Proceeds from calls, paydowns and maturities of securities held-to-maturity   26,834 72,078  
Payments to Acquire Held-to-maturity Securities   14,014 14,441  
Net decrease (increase) in interest-bearing deposits with other banks   (3,941) 52,611  
Net decrease (increase) in loans and leases   (83,617) (121,944)  
Proceeds from disposal of other real estate owned 618 2,840 2,292  
Purchases of premises and equipment   (13,662) (4,247)  
Net cash (paid) acquired from business combinations   64,887 0  
Net cash paid for branch divestitures   (41,197)    
Net cash provided by (used in) investing activities   (128,626) (249,695)  
Financing activities        
Net (decrease) increase in total deposits   (55,757) (56,879)  
Net (decrease) increase in short-term borrowings   178,143 280,421  
Payments of long-term debt   51,985 0  
Proceeds from FHLB borrowings   50,000 0  
Cash dividends paid on common stock   (40,685) (20,243)  
Proceeds from exercise of stock options   267 283  
Net cash provided by (used in) financing activities   79,983 203,582  
Cash and due from banks:        
Change in cash and due from banks   66,017 (4,120)  
Cash and due from banks at beginning of period   150,650 121,598 $ 121,598
Cash and due from banks at end of period 216,667 216,667 117,478 150,650
Supplemental schedule for investing activities        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 3,328,802 3,328,802   0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities $ 4,007,743 4,007,743   0
Goodwill   $ 678,941 $ 0 $ 0