XML 54 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 62,332 $ 63,355
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,230 10,016
Stock-based compensation 3,886 3,845
Provision for credit losses 4,500 (1,673)
Net amortization of premiums and accretion of discounts on securities and borrowings 12,519 13,757
Amortization of other intangible assets 4,489 4,697
(Gains) losses on securities transactions, net (2,324) 1
Proceeds from sales of loans held for sale 53,005 56,579
Gains on sales of loans, net (1,020) (1,592)
Originations of loans held for sale (32,793) (53,568)
Gains on sales of assets, net (481) (128)
FDIC loss-share receivable (excluding reimbursements) 3,325 7,787
Net change in:    
Trading securities 14,233 43
Fair value of borrowings carried at fair value (1,059) 0
Cash surrender value of bank owned life insurance (3,382) (3,022)
Accrued interest receivable (945) 314
Other assets (25,207) 37,596
Accrued expenses and other liabilities (1,696) (32,852)
Net cash provided by operating activities 99,612 105,155
Cash flows from investing activities:    
Net loan originations (385,576) (243,102)
Loans purchased (629,074) (26,746)
Investment securities held to maturity:    
Purchases (168,682) (279,718)
Sales 11,666 0
Maturities, calls and principal repayments 209,017 185,690
Investment securities available for sale:    
Purchases (26,791) (9,180)
Sales 14,022 0
Maturities, calls and principal repayments 80,994 77,396
Proceeds from sales of real estate property and equipment 7,626 10,172
Purchases of real estate property and equipment (9,106) (13,518)
Reimbursements from the FDIC 1,753 4,283
Net cash used in investing activities (894,151) (294,723)
Cash flows from financing activities:    
Net change in deposits 296,915 96,790
Net change in short-term borrowings (20,633) 72,775
Proceeds from issuance of long-term borrowings, net 98,851 0
Proceeds from issuance of preferred stock, net 111,590 0
Cash dividends paid to common shareholders (51,012) (43,995)
Purchase of common shares to treasury (2,082) (938)
Common stock issued, net 3,708 2,449
Net cash provided by financing activities 437,337 127,081
Net change in cash and cash equivalents (357,202) (62,487)
Cash and cash equivalents at beginning of year 830,407 369,168
Cash and cash equivalents at end of period 473,205 306,681
Supplemental disclosures of cash flow information:    
Interest on deposits and borrowings 78,777 78,549
Federal and state income taxes 38,525 20,102
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 4,369 6,340
Transfer of loans to loans held for sale $ 0 $ 27,329