XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 107,498 $ 149,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 59,051 25,969
Depreciation and amortization 24,955 20,136
Stock-based compensation expense 5,749 6,467
Pension expense (income) 1,705 781
Net amortization (accretion) on investment securities 13,570 8,663
Net (gain) loss on sales of investment securities 55 110
Originations of loans held for sale (691,716) (269,271)
Net gains from sales of loans held for sale (38,087) (10,128)
Proceeds from sales of loans held for sale 674,475 260,243
Deferred income taxes (9,744) 12,626
Amortization of operating leases 5,973 5,494
Payments for operating leases (5,801) (5,652)
Decrease (increase) cash surrender value of life insurance 985 3,017
Decrease (increase) in interest receivable (13,262) 201
(Decrease) increase in interest payable (4,559) 1,160
Decrease (increase) in other assets (350,021) (232,483)
(Decrease) increase in other liabilities 177,275 137,405
Net cash provided by (used in) operating activities (43,869) 108,102
Investing activities    
Proceeds from sales of securities available-for-sale 42,628 400,533
Proceeds from calls, paydowns and maturities of securities available-for-sale 658,521 401,586
Purchases of securities available-for-sale (787,048) (518,455)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 25,005 12,073
Payments to Acquire Other Investments 18,659 11,620
Net decrease (increase) in interest-bearing deposits with other banks 18,142 (1,931)
Net decrease (increase) in loans and leases (1,007,585) (267,320)
Proceeds from disposal of other real estate owned 1,487 1,207
Purchases of premises and equipment (13,404) (15,227)
Payments to Acquire Businesses, Net of Cash Acquired 0 (51,663)
Net cash (paid) received for branch divestitures 0 118
Net cash provided by (used in) investing activities (1,080,913) (50,699)
Financing activities    
Net (decrease) increase in total deposits 1,357,201 (56,419)
Net (decrease) increase in short-term borrowings (1,068,523) 173,495
Payments of long-term debt 105,201 74,454
Proceeds from Issuance of Subordinated Long-term Debt 150,000 0
Proceeds from (Repayments of) Other Long-term Debt 881,673 0
Cash dividends paid on common stock (67,317) (66,482)
Treasury stock purchase 16,686 27,372
Proceeds from exercise of stock options 72 90
Net cash provided by (used in) financing activities 1,131,219 (51,142)
Cash and due from banks:    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 6,437 6,261
Cash and due from banks at beginning of period 200,691 236,221
Cash and due from banks at end of period 207,128 242,482
Supplemental schedule for investing activities    
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration 0 (39,140)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 0 (18,298)
Goodwill, Acquired During Period 0  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]    
Goodwill resulting from business combinations $ 0 $ 57,438