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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 46,095 $ 36,187
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,260 6,417
Stock-based compensation 4,127 2,369
Provision for credit losses 2,470 800
Net amortization of premiums and accretion of discounts on securities and borrowings 6,043 4,198
Amortization of other intangible assets 2,536 2,849
Losses (gains) on securities transactions, net 23 (271)
Proceeds from sales of loans held for sale 161,325 54,907
Gains on sales of loans, net (4,128) (1,795)
Originations of loans held for sale (112,682) (52,749)
Losses on sales of assets, net 34 10
FDIC loss-share receivable (excluding reimbursements) 229 560
Net change in:    
Fair value of borrowings hedged by derivative transactions (454) 4,719
Cash surrender value of bank owned life insurance (2,463) (1,963)
Accrued interest receivable (1,429) 581
Other assets (6,924) (6,079)
Accrued expenses and other liabilities (35,145) 3,993
Net cash provided by operating activities 65,917 54,733
Cash flows from investing activities:    
Net loan originations and purchases (323,470) (95,035)
Investment securities held to maturity:    
Purchases (52,160) (83,955)
Maturities, calls and principal repayments 77,141 58,907
Investment securities available for sale:    
Purchases (207,402) (302,321)
Sales 0 2,081
Maturities, calls and principal repayments 50,543 366,882
Death benefit proceeds from bank owned life insurance 1,998 0
Proceeds from sales of real estate property and equipment 4,970 3,919
Purchases of real estate property and equipment (5,627) (7,578)
(Payments to) reimbursements from the FDIC (408) 370
Net cash used in investing activities (454,415) (56,730)
Cash flows from financing activities:    
Net change in deposits (399,567) 154,875
Net change in short-term borrowings 564,004 93,632
Proceeds from issuance of long-term borrowings, net 200,000 0
Repayments of long-term borrowings 0 (155,000)
Cash dividends paid to preferred shareholders (1,797) (1,797)
Cash dividends paid to common shareholders (29,012) (27,916)
Purchase of common shares to treasury (2,151) (1,496)
Common stock issued, net 1,246 2,392
Net cash provided by financing activities 332,723 64,690
Net change in cash and cash equivalents (55,775) 62,693
Cash and cash equivalents at beginning of year 392,501 413,800
Cash and cash equivalents at end of period 336,726 476,493
Cash payments for:    
Interest on deposits and borrowings 56,735 38,766
Federal and state income taxes 1,599 67
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 4,813 663
Transfer of loans to loans held for sale $ 103,884 $ 0