XML 44 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 89,077 $ 95,438
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,666 16,021
Provision for loan losses 14,654 17,835
Losses on other real estate owned 2,133 1,846
Deferred tax expense 21,495 13,134
Increase in cash surrender value of life insurance contracts (4,601) (6,364)
(Gain) loss on disposal of other assets (265) 189
Net decrease in loans originated for sale 338 29,350
Net amortization of securities premium/discount 8,543 19,842
Amortization of intangible assets 13,782 14,986
Amortization of FDIC indemnification asset 7,229   
Stock-based compensation expense 7,120 7,026
Decrease in interest payable and other liabilities (10,085) (5,021)
Funds collected under FDIC loss share agreements    33,919
(Increase) decrease in FDIC loss share receivable 8,730 (5,499)
Decrease in other assets 6,260 40,522
Other, net 4,010 (230)
Net cash provided by operating activities 184,086 272,994
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 1,301  
Proceeds from maturities of securities available for sale 145,812 368,016
Purchases of securities available for sale (48,404) (1,017,619)
Proceeds from maturities of securities held to maturity 266,657 295,922
Purchases of securities held to maturity (1,031) (345,644)
Net (increase) decrease in interest-bearing bank deposits (172,106) 1,058,901
Net decrease (increase) in federal funds sold and short-term investments 258 (1,630)
Net increase in loans (581,169) (147,380)
Purchases of property and equipment (10,881) (18,601)
Proceeds from sales of property and equipment 6,946 250
Proceeds from sales of other real estate 29,688 56,826
Other, net 14,873 (3,726)
Net cash (used in) provided by investing activities (348,056) 245,315
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposits (115,289) (588,250)
Net increase in short-term borrowings 405,704 188,974
Repayments of long-term debt (17,756) (17,645)
Issuance of long-term debt 6,921 6,178
Dividends paid (40,301) (40,894)
Repurchase of common stock   (115,000)
Proceeds from exercise of stock options 860 399
Net cash provided by (used in) financing activities 240,139 (566,238)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 76,169 (47,929)
CASH AND DUE FROM BANKS, BEGINNING 348,440 448,491
CASH AND DUE FROM BANKS, ENDING 424,609 400,562
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 15,299 $ 27,048