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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 75,677 $ 67,295
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 5,400 5,880
Depreciation, amortization and accretion 3,541 2,804
Deferred income tax expense 1,669 5,663
Funding of mortgage loans held for sale (1,256,233) (1,516,650)
Proceeds from sales of mortgage loans held for sale 1,245,301 1,579,476
Gains on sales of mortgage loans held for sale (15,719) (26,687)
Gains on sales of securities (57) (1,186)
Penalty on prepayment of debt 205 2,539
Losses on sales of premises and equipment 553 105
Stock-based compensation expense 3,771 2,563
Decrease in FDIC loss-share indemnification asset, net of accretion 0 2,442
(Increase) decrease in other assets (2,059) 5,591
Decrease in other liabilities (9,652) (5,097)
Net cash provided by operating activities 52,397 124,738
Investing activities    
Purchases of securities available for sale (191,679) (82,243)
Proceeds from sales of securities available for sale 43,494 4,028
Proceeds from call/maturities of securities available for sale 132,044 117,232
Purchases of securities held to maturity 0 (10,644)
Proceeds from sales of securities held to maturity 4,876 0
Proceeds from call/maturities of securities held to maturity 15,882 109,305
Net increase in loans (272,618) (407,570)
Purchases of premises and equipment (11,925) (8,958)
Proceeds from sales of premises and equipment 1,255 2,462
Proceeds from sales of other assets 11,485 11,040
Net cash received in acquisition of businesses 41,685 25,263
Net cash used in investing activities (225,501) (240,085)
Financing activities    
Net increase in noninterest-bearing deposits 6,464 163,406
Net increase in interest-bearing deposits 112,854 85,005
Net increase (decrease) in short-term borrowings 274,554 (157,685)
Proceeds from long-term borrowings 0 98,434
Repayment of long-term debt (169,961) (46,964)
Cash paid for dividends (25,004) (22,108)
Net stock-based compensation transactions 173 415
Excess tax benefit from stock-based compensation 0 664
Net cash provided by financing activities 199,080 121,167
Net increase in cash and cash equivalents 25,976 5,820
Cash and cash equivalents at beginning of period 306,224 211,571
Cash and cash equivalents at end of period 332,200 217,391
Supplemental disclosures    
Cash paid for interest 26,974 19,658
Cash paid for income taxes 29,491 22,731
Noncash transactions:    
Transfers of loans to other real estate owned 5,418 5,147
Financed sales of other real estate owned 257 538
Transfers of loans held for sale to loan portfolio 0 15,455
Common stock issued in acquisition of businesses $ 213,590 $ 55,290