XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 50,087 $ 49,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,064 10,565
Provision for loan losses 6,020 5,286
Deferred income taxes 4,040 5,515
(Gain) loss on sale of securities, net (110) (122)
Share-based compensation expense 3,188 3,164
Amortization on FDIC indemnification asset   3,566
Accretion of discount related to performing acquired loans (7,543) (2,795)
(Gain) Loss on disposals of premises and equipment (15) (33)
Gain on sale of OREO (188) (1,483)
Net amortization of premium on investment securities 3,338 2,707
OREO Write downs 1,729 2,943
Fair Value adjustment for loans held for sale 1,332 (665)
Originations and purchases of mortgage loans for sale (367,673) (328,899)
Proceeds from mortgage loans sales 364,570 322,286
Net change in:    
Accrued interest receivable 558 (1,108)
Prepaid assets 387 (1,248)
FDIC indemnification asset   3,177
Miscellaneous other assets (914) (7,797)
Accrued interest payable (469) (541)
Accrued income taxes 5,798 3,187
Miscellaneous other liabilities (3,004) 6,138
Net cash provided by operating activities 75,195 72,853
Cash flows from investing activities:    
Proceeds from sales of investment securities available for sale 215,987 137
Proceeds from maturities and calls of investment securities held to maturity 1,930 1,395
Proceeds from maturities and calls of investment securities available for sale 131,250 234,765
Proceeds from sales of other investment securities 2,807 24
Purchases of investment securities available for sale (101,925) (201,130)
Purchases of other investment securities (303) (660)
Net increase in loans (449,052) (421,134)
Payment to terminate FDIC Loss Share Agreements   (2,342)
Recoveries of loans previously charged off 1,340 1,646
Net cash received from acquisitions 71,607  
Purchases of premises and equipment (6,095) (12,381)
Proceeds from sale of OREO 7,677 14,209
Proceeds from sale of premises and equipment 15  
Net cash provided by (used in) investing activities (124,762) (385,471)
Cash flows from financing activities:    
Net increase (decrease) in deposits 176,311 63,510
Net increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings 19,231 52,833
Repayment of other borrowings (67,032) (11)
Common stock issuance 267 227
Common stock repurchase (3,605) (4,602)
Dividends paid on common stock (19,297) (14,029)
Stock options exercised 1,134 808
Net cash provided by financing activities 107,009 98,736
Net increase (decrease) in cash and cash equivalents 57,442 (213,882)
Cash and cash equivalents at beginning of period 374,448 695,794
Cash and cash equivalents at end of period 431,890 481,912
Cash paid for:    
Interest 7,841 4,735
Income taxes 11,850 16,676
Schedule of Noncash Investing Transactions:    
Real estate acquired in full or in partial settlement of loans (covered of $0 and $2,151, respectively; and non-covered of $0 and $2,124, respectively) $ 4,947 $ 7,542