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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 102,500 $ 75,677
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for loan losses 5,810 5,400
Depreciation, amortization and accretion 3,689 3,541
Deferred income tax expense 7,335 1,669
Funding of mortgage loans held for sale (1,318,484) (1,256,233)
Proceeds from sales of mortgage loans held for sale 1,253,680 1,245,301
Gains on sales of mortgage loans held for sale (30,805) (15,719)
Losses (gains) on sales of securities 16 (57)
Penalty on prepayment of debt 0 205
(Gains) losses on sales of premises and equipment (188) 553
Stock-based compensation expense 5,556 3,771
Increase in other assets (57) (2,059)
Decrease in other liabilities (27,084) (9,652)
Net cash provided by operating activities 1,968 52,397
Investing activities    
Purchases of securities available for sale (576,579) (191,679)
Proceeds from sales of securities available for sale 2,387 43,494
Proceeds from call/maturities of securities available for sale 113,511 132,044
Proceeds from sales of securities held to maturity 0 4,876
Proceeds from call/maturities of securities held to maturity 0 15,882
Net increase in loans (156,082) (272,618)
Purchases of premises and equipment (15,599) (11,925)
Proceeds from sales of premises and equipment 912 1,255
Proceeds from sales of other assets 5,286 11,485
Net cash received in acquisition of businesses 153,502 41,685
Net cash used in investing activities (472,662) (225,501)
Financing activities    
Net increase in noninterest-bearing deposits 90,240 6,464
Net increase in interest-bearing deposits 448,675 112,854
Net increase in short-term borrowings 51,606 274,554
Repayment of long-term debt (643) (169,961)
Cash paid for dividends (31,242) (25,004)
Net stock-based compensation transactions 201 173
Net cash provided by financing activities 558,837 199,080
Net increase in cash and cash equivalents 88,143 25,976
Cash and cash equivalents at beginning of period 281,453 306,224
Cash and cash equivalents at end of period 369,596 332,200
Supplemental disclosures    
Cash paid for interest 43,317 26,974
Cash paid for income taxes 21,305 29,491
Noncash transactions:    
Transfers of loans to other real estate owned 2,657 5,418
Financed sales of other real estate owned 495 257
Transfers of loans held for sale to loans held for investment 1,510 0
Common stock issued in acquisition of businesses $ 434,519 $ 213,590