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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 45,110 $ 33,826
Adjustments to reconcile net income to net cash provided (used in) by operating activities:    
Provision for loan losses 1,500 1,750
Depreciation, amortization and accretion 409 650
Deferred income tax expense 5,949 1,990
Funding of mortgage loans held for sale (384,103) (362,803)
Proceeds from sales of mortgage loans held for sale 416,032 275,445
Gains on sales of mortgage loans held for sale (7,888) (8,798)
Gains on sales of securities (13) 0
(Gains) losses on sales of premises and equipment (89) 8
Stock-based compensation expense 2,637 1,858
Payments on and proceeds from sales of other loans held for sale 70,375 0
Decrease in other assets 5,982 9,623
Increase in other liabilities (15,794) (14,720)
Net cash provided by (used in) operating activities 140,107 (61,171)
Investing activities    
Purchases of securities available for sale (49,577) (317,922)
Proceeds from sales of securities available for sale 10,611 0
Proceeds from call/maturities of securities available for sale 48,509 29,335
Net increase in loans (808) (74,344)
Purchases of premises and equipment (7,242) (4,384)
Proceeds from sales of premises and equipment 135 0
Proceeds from sales of FHLB stock 10,441 0
Proceeds from sales of other assets 12,965 2,085
Other, net (104) 0
Net cash provided by (used in) investing activities 24,930 (365,230)
Financing activities    
Net increase in noninterest-bearing deposits 47,517 20,712
Net increase in interest-bearing deposits 93,175 416,759
Net decrease in short-term borrowings (300,116) (32,061)
Repayment of long-term debt (216) (230)
Cash paid for dividends (12,442) (9,455)
Net stock-based compensation transactions 0 201
Net cash (used in) provided by financing activities (172,082) 395,926
Net decrease in cash and cash equivalents (7,045) (30,475)
Cash and cash equivalents at beginning of period 569,111 281,453
Cash and cash equivalents at end of period 562,066 250,978
Supplemental disclosures    
Cash paid for interest 23,887 12,656
Cash paid for income taxes 5,325 6,280
Noncash transactions:    
Transfers of loans to other real estate owned 885 1,154
Financed sales of other real estate owned 120 418
Transfers of loans held for sale to loans held for investment 0 $ 442
Recognition of operating right-of-use assets 54,338  
Recognition of operating lease liabilities $ 57,857