XML 25 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 149,296 $ 131,461 $ 175,722
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 28,363 28,763 30,310
Provision for loan losses 110,659 73,038 33,840
(Gain) loss on other real estate owned (4,444) 635 (105)
Deferred tax (benefit) expense (7,839) 16,685 23,537
Increase in cash surrender value of life insurance contracts (11,112) (9,789) (11,774)
Writedowns on closed branch transfers to other real estate owned     2,132
(Gain) loss on disposal of other assets (9,594) 1,815 (1,282)
Net (increase) decrease in loans held for sale (14,267) (289) 18,234
Net amortization of securities premium/discount 29,048 21,105 16,977
Amortization of intangible assets 19,781 24,184 26,797
Amortization of FDIC loss share receivable 5,918 5,747 12,102
Stock-based compensation expense 14,266 12,944 13,958
Increase (decrease) in interest payable and other liabilities 7,137 (8,107) (15,235)
Net payments (to) from FDIC for loss share claims (3,134) 14,051 14,395
Decrease in FDIC loss share receivable 5,667 6,407 5,723
Decrease (increase) in other assets 15,197 (94,816) 10,393
Other, net 5,795 8,511 (3,296)
Net cash provided by operating activities 340,737 232,345 352,428
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 173,215 9,289 1,455
Proceeds from maturities of securities available for sale 408,311 842,114 283,982
Purchases of securities available for sale (1,071,869) (1,323,853) (512,088)
Proceeds from maturities of securities held to maturity 425,453 538,777 442,559
Purchases of securities held to maturity (563,661) (749,102) (1,031)
Net decrease (increase) in short-term investments 487,378 237,393 (534,108)
Net increase in loans (1,153,480) (1,865,015) (1,622,867)
Purchase of life insurance contracts (40,000)   (30,000)
Purchases of property and equipment (19,272) (23,804) (20,449)
Proceeds from sales of property and equipment 7,445 14,259 12,235
Proceeds from sales of other real estate 24,624 47,115 59,752
Other, net 825 (3,604) 10,101
Net cash used in investing activities (1,321,031) (2,276,431) (1,910,459)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 1,075,370 1,776,081 1,212,315
Net (decrease) increase in short-term borrowings (198,238) 272,071 493,613
Repayments of long-term debt (21,271) (157,933) (35,360)
Issuance of long-term debt 6,838 273,565 21,000
Dividends paid (76,551) (77,013) (80,392)
Repurchase of common stock   (95,613) (47,618)
Proceeds from exercise of stock options 2,147 347 2,488
Proceeds from issuance of common stock in public offering 259,299    
Proceeds from dividend reinvestment and stock purchase plan 1,515    
Net cash provided by financing activities 1,049,109 1,991,505 1,566,046
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 68,815 (52,581) 8,015
CASH AND DUE FROM BANKS, BEGINNING 303,874 356,455 348,440
CASH AND DUE FROM BANKS, ENDING 372,689 303,874 356,455
SUPPLEMENTAL INFORMATION      
Income taxes paid 30,184 31,896 24,114
Interest paid 69,624 51,201 38,268
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 16,314 $ 15,462 $ 31,371