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Consolidated Statements of Cash Flow
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 134,879 $ 125,814 $ 86,439
Adjustments to reconcile to net cash provided by operating activities:      
Provision for loan losses 8,287 3,802 8,512
Depreciation and amortization 15,989 13,546 11,791
Net amortization of securities premiums and discounts (4,282) (421) (148)
Realized securities gains (812) (47) (4,060)
Gain on sales of loans (3,619) (2,902) (2,921)
Cash receipts from the sale of loans originated for sale 238,324 187,461 211,569
Cash disbursements for loans originated for sale (237,543) (186,632) (205,574)
Deferred income tax provision 1,148 3,155 4,383
(Gain)/loss on other assets (1,372) (596) 46
Decrease/(increase) in interest receivable 887 (3,390) (3,284)
(Decrease)/increase in interest payable (17) 1,179 366
Amortization of stock-based compensation arrangements 1,277 1,352 1,180
Excess tax benefit from stock-based compensation arrangements (928) (1,112) (2,601)
Other, net 6,740 (1,199) 4,051
Net cash provided by operating activities 158,958 140,010 109,749
INVESTING ACTIVITIES      
Net cash received from acquisitions, net of cash paid 77,672 6,248  
Net (increase)/decrease in federal funds sold (1,000) 23,548  
Purchases of held for investment securities (1,010) (225) (220)
Purchases of available for sale securities (174,090) (465,684) (84,109)
Proceeds from maturities, calls and paydowns of held for investment securities 535 1,089 2,293
Proceeds from maturities, calls and paydowns of available for sale securities 508,293 126,909 78,682
Proceeds from sales of available for sale securities   31,285  
Purchase of equity securities (3,966) (3,190) (1,668)
Proceeds from paydowns and sales of equity securities 2,178 1,484 5,793
Net change in loans (310,053) 49,354 (331,362)
Purchases of premises, equipment and computer software (27,054) (51,863) (18,007)
Purchase of tax credits (29,025) (8,864) (5,224)
Other, net 7,867 (3,890) 4,038
Net cash provided by (used in) investing activities 50,347 (293,799) (349,784)
FINANCING ACTIVITIES      
Net change in deposits 274,218 (139,510) 166,988
Net change in short-term borrowings (575) 775 400
Issuance of common stock in connection with stock options, net 2,484 2,238 4,844
Common stock acquired (1,601) (7,914)  
Redemption of Junior Subordinated debentures   (5,155)  
Cash dividends paid (39,805) (30,265) (24,783)
Net cash provided by (used in) financing activities 234,721 (179,831) 147,449
Net increase/(decrease) in cash, due from banks and interest-bearing deposits 444,026 (333,620) (92,586)
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,424,255 1,757,875 1,850,461
Cash, due from banks and interest-bearing deposits at the end of the period 1,868,281 1,424,255 1,757,875
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 54,602 41,549 20,563
Cash paid during the period for income taxes 30,975 27,952 41,058
Noncash investing and financing activities:      
Stock issued in acquisitions   39,498  
Cash consideration for acquisitions 123,457 24,722  
Fair value of assets acquired in acquisitions 729,378 377,320  
Liabilities assumed in acquisitions 605,921 338,860  
Unpaid common stock dividends declared $ 10,453 $ 9,826 $ 6,693