XML 25 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 131,461 $ 175,722 $ 163,356
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 28,763 30,310 32,063
Provision for loan losses 73,038 33,840 32,734
Loss (gain) on other real estate owned 635 (105) 4,329
Deferred tax expense 16,685 23,537 40,920
Increase in cash surrender value of life insurance contracts (9,789) (11,774) (11,223)
Writedowns on closed branch transfers to other real estate owned   2,132 12,809
Loss (gain) on disposal of other assets 1,815 (1,282) 130
Net (increase) decrease in loans held for sale (289) 18,234 29,103
Net amortization of securities premium/discount 21,105 16,977 31,970
Amortization of intangible assets 24,184 26,798 29,635
Amortization of FDIC loss share receivable 5,747 12,102 2,239
Stock-based compensation expense 12,944 13,958 13,079
(Decrease) increase in interest payable and other liabilities (8,107) (15,235) 29,553
Net payments from FDIC 14,051 14,395 61,765
Decrease (increase) in FDIC loss share receivable 6,407 5,723 (9,117)
(Increase) decrease in other assets (93,950) 11,082 (724)
Other, net 7,645 (3,986) 10,911
Net cash provided by operating activities 232,345 352,428 473,532
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 9,289 1,455 178
Proceeds from maturities of securities available for sale 842,114 283,982 592,147
Purchases of securities available for sale (1,323,853) (512,088) (1,074,744)
Proceeds from maturities of securities held to maturity 538,777 442,559 503,654
Purchases of securities held to maturity (749,102) (1,031) (481,513)
Net decrease (increase) in short-term investments 237,393 (534,108) 1,231,348
Net increase in loans (1,865,015) (1,622,867) (834,933)
Purchase of life insurance contracts   (30,000)  
Purchases of property, equipment and intangible assets (23,804) (20,449) (32,029)
Proceeds from sales of property and equipment 14,259 12,235 1,698
Proceeds from sales of other real estate 47,115 59,752 92,662
Other, net (3,604) 10,101 (2,965)
Net cash provided by (used in) investing activities (2,276,431) (1,910,459) (4,497)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits 1,776,081 1,212,315 (383,672)
Net increase in short-term borrowings 272,071 493,613 18,827
Repayments of long-term debt (157,933) (35,360) (35,278)
Issuance of long-term debt 273,565 21,000 24,515
Dividends paid (77,013) (80,392) (81,212)
Repurchase of common stock (95,613) (47,618) (115,000)
Proceeds from exercise of stock options 347 2,488 2,734
Net cash provided by (used in) financing activities 1,991,505 1,566,046 (569,086)
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS (52,581) 8,015 (100,051)
CASH AND DUE FROM BANKS, BEGINNING 356,455 348,440 448,491
CASH AND DUE FROM BANKS, ENDING 303,874 356,455 348,440
SUPPLEMENTAL INFORMATION      
Income taxes paid 31,896 24,114 24,052
Interest paid 51,201 38,268 41,996
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 15,462 $ 31,371 51,461
Transfers from available for sale securities to held to maturity securities     $ 1,039,979