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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 118,056 $ 98,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,593 15,213
Stock-based compensation 7,382 6,512
Provision for credit losses 8,069 4,594
Net amortization of premiums and accretion of discounts on securities and borrowings 14,152 17,595
Amortization of other intangible assets 8,452 6,721
Gains on securities transactions, net (258) (2,481)
Proceeds from sales of loans held for sale 337,069 94,342
Gains on sales of loans, net (9,723) (3,034)
Originations of loans held for sale (342,989) (86,274)
(Gains) losses on sales of assets, net (1,009) 77
FDIC loss-share receivable (excluding reimbursements) 872 3,380
Net change in:    
Trading securities 0 14,233
Fair value of borrowings hedged by derivative transactions 6,646 3,270
Cash surrender value of bank owned life insurance (5,464) (5,188)
Accrued interest receivable (261) (199)
Other assets (2,170) (33,555)
Accrued expenses and other liabilities (9,888) 12,490
Net cash provided by operating activities 147,529 145,982
Cash flows from investing activities:    
Net loan originations (182,893) (486,862)
Loans purchased (593,769) (1,066,934)
Investment securities held to maturity:    
Purchases (502,833) (201,681)
Sales 0 11,666
Maturities, calls and principal repayments 243,764 321,771
Investment securities available for sale:    
Purchases (557,978) (38,819)
Sales 2,081 14,022
Maturities, calls and principal repayments 800,967 115,397
Death benefit proceeds from bank owned life insurance 2,406 0
Proceeds from sales of real estate property and equipment 18,243 10,510
Purchases of real estate property and equipment (17,155) (23,139)
Reimbursements from the FDIC 269 2,835
Net cash used in investing activities (786,898) (1,341,234)
Cash flows from financing activities:    
Net change in deposits 718,632 465,747
Net change in short-term borrowings 356,365 156,160
Proceeds from issuance of long-term borrowings, net 385,000 98,930
Repayments of long-term borrowings (749,000) (100,000)
Proceeds from issuance of preferred stock, net 0 111,590
Cash dividends paid to preferred shareholders (5,391) (2,017)
Cash dividends paid to common shareholders (83,821) (76,671)
Purchase of common shares to treasury (1,700) (2,108)
Common stock issued, net 4,610 4,993
Net cash provided by financing activities 624,695 656,624
Net change in cash and cash equivalents (14,674) (538,628)
Cash and cash equivalents at beginning of year 413,800 830,407
Cash and cash equivalents at end of period 399,126 291,779
Supplemental disclosures of cash flow information:    
Interest on deposits and borrowings 115,253 121,907
Federal and state income taxes 24,464 49,932
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 7,611 8,711
Transfer of loans to loans held for sale $ 174,501 $ 0