XML 35 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 71,159 $ 68,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,820 9,801
Amortization of intangible assets 2,642 3,293
Net accretion of premiums and discounts on securities, loans, and borrowings (2,100) (2,894)
Stock-based compensation 3,164 3,073
Provision for loan losses 3,120 4,647
Amortization of mortgage servicing rights 307 337
Income from bank-owned life insurance policies (775) (760)
Net gain from sale of loans and other assets (48) (344)
Net change in loans originated for sale 582 258
Change in other assets and liabilities (6,219) 5,448
Net cash provided by operating activities 81,652 91,079
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 131,709 101,228
Proceeds from maturities of other investment securities 172 12
Purchases of available-for-sale investment securities (494,436) (300,120)
Purchases of other securities (9,947) (7,761)
Net increase in loans (84,064) (114,603)
Cash paid for acquisition, net of cash acquired of $0 0 (924)
Expenditure for intangible asset (100) 0
Purchases of premises and equipment, net (9,184) (7,839)
Net cash used in investing activities (465,850) (330,007)
Financing activities:    
Net increase in deposits 212,846 71,287
Net change in borrowings, net of payments of $0 and $8 220,100 201,892
Issuance of common stock 8,388 6,115
Purchases of treasury stock (9,125) 0
Issuances of treasury stock 5,472 0
Cash dividends paid (36,584) (33,989)
Tax benefits from share-based payment arrangements 1,541 1,476
Net cash provided by financing activities 402,638 246,781
Change in cash and cash equivalents 18,440 7,853
Cash and cash equivalents at beginning of period 138,396 149,647
Cash and cash equivalents at end of period 156,836 157,500
Supplemental disclosures of cash flow information:    
Cash paid for interest 8,249 9,079
Cash paid for income taxes 21,334 19,527
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 12,793 12,255
Transfers from loans to other real estate 2,934 2,111
Purchase of intangible asset $ 93 $ 0