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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 66,021 $ 98,542
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 45,677 20,741
Depreciation and amortization 14,790 13,031
Stock-based compensation expense 3,733 4,762
Pension expense (income) 926 520
Net amortization (accretion) on investment securities 8,372 5,612
Net (gain) loss on sales of investment securities 57 215
Originations of loans held for sale (385,371) (138,994)
Net gains from sales of loans held for sale (19,493) (5,322)
Proceeds from sales of loans held for sale 374,594 128,445
Deferred income taxes (9,752) 13,415
Amortization of operating leases 4,001 3,648
Payments for operating leases (3,873) (3,759)
Decrease (increase) cash surrender value of life insurance 1,098 2,074
Decrease (increase) in interest receivable (11,611) (2,834)
(Decrease) increase in interest payable (3,240) 604
Decrease (increase) in other assets (330,072) (114,345)
(Decrease) increase in other liabilities 180,120 37,540
Net cash provided by (used in) operating activities (66,219) 59,747
Investing activities    
Proceeds from sales of securities available-for-sale 41,303 115,640
Proceeds from calls, paydowns and maturities of securities available-for-sale 401,771 247,652
Purchases of securities available-for-sale (456,917) (412,052)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 15,664 6,457
Payments to Acquire Other Investments 18,659 11,620
Net decrease (increase) in interest-bearing deposits with other banks 18,103 (63,930)
Net decrease (increase) in loans and leases (982,748) (173,882)
Proceeds from disposal of other real estate owned 977 654
Purchases of premises and equipment (9,758) (7,805)
Net cash provided by (used in) investing activities (990,264) (298,886)
Financing activities    
Net (decrease) increase in total deposits 1,491,186 (31,272)
Net (decrease) increase in short-term borrowings (1,161,834) 272,630
Payments of long-term debt 90,133 25,376
Proceeds from Issuance of Subordinated Long-term Debt 150,000 0
Proceeds from (Repayments of) Other Long-term Debt 811,772 0
Cash dividends paid on common stock (44,946) (43,460)
Treasury stock purchase 16,686 0
Proceeds from exercise of stock options 72 90
Net cash provided by (used in) financing activities 1,139,431 172,612
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 82,948 (66,527)
Cash and due from banks at beginning of period 200,691 236,221
Cash and due from banks at end of period 283,639 169,694
Supplemental schedule for investing activities    
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 0 519
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 0 (5)
Goodwill, Acquired During Period 0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]    
Goodwill resulting from business combinations $ 0 $ (524)