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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 91,230 $ 91,353 $ 78,829
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 13,132 13,082 12,236
Amortization of intangible assets 3,663 4,287 4,469
Net (accretion) amortization on securities, loans and borrowings (3,289) (3,533) (5,959)
Stock-based compensation 4,201 3,993 3,961
Provision for loan losses 6,447 7,178 7,992
Provision for deferred income taxes 10,716 7,461 7,130
Amortization of mortgage servicing rights 409 444 529
Income from bank-owned life insurance policies (1,086) (1,037) (1,066)
Loss/(gain) on sales of investment securities, net 4 0 (80,768)
Loss on debt extinguishments 0 0 87,336
Net (gain) loss on sale of loans and other assets (180) (154) 257
Change in other assets and liabilities (8,784) 127 (11,762)
Net cash provided by operating activities 116,463 123,201 103,184
Investing activities:      
Proceeds from sales of available-for-sale investment securities 221,136 0 713,694
Proceeds from sales of held-to-maturity investment securities 0 0 450,032
Proceeds from maturities of available-for-sale investment securities 169,562 137,282 234,021
Proceeds from maturities of held-to-maturity investment securities 0 0 31,595
Proceeds from maturities of other securities 1,790 13 26,649
Purchases of available-for-sale investment securities (503,000) (310,517) (923,588)
Purchases of held-to-maturity investment securities 0 0 (8,308)
Purchases of other securities 0 (7,500) 0
Net change in loans (176,754) (137,207) (248,962)
Cash received for acquisitions, net of cash acquired of $81,772, $0, and $0, respectively 25,505 (924) 291,980
Purchases of premises and equipment, net (12,400) (13,376) (13,855)
Net cash (used in)/provided by investing activities (274,161) (332,229) 553,258
Financing activities:      
Net change in deposits 238,969 39,220 (35,451)
Net change in borrowings, net of payments of $0, $13 and $815,384 (36,700) 196,087 (673,484)
Issuance of common stock 9,774 9,417 15,239
Purchases of treasury stock (9,126) (4,368) 0
Sales of treasury stock 16,571 1,531 0
Cash dividends paid (49,273) (46,178) (43,482)
Tax benefits from share-based payment arrangements 2,297 2,068 1,825
Net cash provided by/(used in) financing activities 172,512 197,777 (735,353)
Change in cash and cash equivalents 14,814 (11,251) (78,911)
Cash and cash equivalents at beginning of year 138,396 149,647 228,558
Cash and cash equivalents at end of year 153,210 138,396 149,647
Supplemental disclosures of cash flow information:      
Cash paid for interest 11,252 11,937 30,141
Cash paid for income taxes 28,891 29,457 23,648
Supplemental disclosures of noncash financing and investing activities:      
Dividends declared and unpaid 13,605 12,254 11,332
Transfers from loans to other real estate 3,943 2,546 8,325
Transfer of investment securities from held-to-maturity to available-for-sale 0 0 198,890
Acquisitions:      
Common stock issued 102,201 0 0
Fair value of assets acquired, excluding acquired cash and intangibles 675,948 64 3,678
Fair value of liabilities assumed $ 699,894 $ 0 $ 303,494