XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 67,295 $ 46,854
Adjustments to reconcile net income to net cash used in operating activities, net of effects from acquisitions:    
Provision for loan losses 5,880 3,000
Depreciation, amortization and accretion 839 5,053
Deferred income tax expense 5,663 3,794
Funding of mortgage loans held for sale (1,516,650) (992,555)
Proceeds from sales of mortgage loans held for sale 1,579,476 1,069,625
Gains on sales of mortgage loans held for sale (26,687) (20,618)
Gains on sales of securities (1,186) (96)
Penalty on extinguishment of debt 2,539 0
Losses on sales of premises and equipment 105 37
Stock-based compensation 2,563 2,739
Decrease in FDIC loss-share indemnification asset, net of accretion 2,442 5,202
Decrease in other assets 7,556 17,182
Decrease in other liabilities (5,097) (11,047)
Net cash provided by operating activities 124,738 129,170
Investing activities    
Purchases of securities available for sale (82,243) (54,256)
Proceeds from sales of securities available for sale 4,028 8,444
Proceeds from call/maturities of securities available for sale 117,232 83,488
Purchases of securities held to maturity (10,644) (137,776)
Proceeds from call/maturities of securities held to maturity 109,305 121,438
Net increase in loans (407,570) (177,740)
Purchases of premises and equipment (8,958) (19,364)
Proceeds from sales of premises and equipment 2,462 448
Proceeds from sales of other assets 11,040 0
Net cash received in acquisition of businesses 25,263 35,787
Net cash used in investing activities (240,085) (139,531)
Financing activities    
Net increase in noninterest-bearing deposits 163,406 107,728
Net increase (decrease) in interest-bearing deposits 85,005 (85,693)
Net (decrease) increase in short-term borrowings (157,685) 355,063
Proceeds from long-term borrowings 98,434 42
Repayment of long-term debt (46,964) (307,230)
Cash paid for dividends (22,108) (17,681)
Cash received on exercise of stock options 415 102
Excess tax benefit from stock-based compensation 664 296
Net cash provided by financing activities 121,167 52,627
Net increase in cash and cash equivalents 5,820 42,266
Cash and cash equivalents at beginning of period 211,571 161,583
Cash and cash equivalents at end of period 217,391 203,849
Supplemental disclosures    
Cash paid for interest 19,658 15,936
Cash paid for income taxes 22,731 10,768
Noncash transactions:    
Transfers of loans to other real estate owned 5,147 12,268
Financed sales of other real estate owned 538 1,017
Transfers of loans held for sale to loan portfolio 15,455 0
Common stock issued in acquisition of businesses $ 55,290 $ 281,530