XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 49,091 $ 49,400 $ 91,625 $ 96,072  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 14,000 5,000 34,000 9,500  
Depreciation and amortization     22,914 24,232  
(Recovery of) addition to valuation allowance on mortgage servicing rights, net     2,120 (465)  
Amortization of mortgage servicing rights     5,896 6,147  
Amortization of other intangible assets 539 888 1,043 1,689  
Amortization and accretion on earning assets, funding, and other, net     22,045 19,457  
Tax impact of stock based compensation     395 1,784  
Gain on sales of investment securities, net     (6,214) (1,242)  
Gain on sales of assets and impairment write-downs, net 343 (1,854) (181) (2,687)  
Gain on mortgage banking activities, net     (7,058) (8,000)  
Mortgage loans originated and acquired for sale     (517,838) (619,202)  
Proceeds from sales of mortgage loans held for sale     491,980 599,262  
(Increase) decrease in interest receivable     (4,875) 808  
Increase (decrease) in interest payable     (4,739) 5,596  
Net change in other assets and other liabilities     (25,836) (33,825)  
Net cash provided by operating activities     105,277 99,126  
CASH FLOWS FROM INVESTING ACTIVITIES          
Net increase in loans     (1,281,291) (703,636)  
Purchases of:          
Available for sale securities     (495,453) (1,702,678)  
Held to maturity securities     (112,226) (133,976)  
Federal Home Loan Bank and Federal Reserve Bank stocks     (67,261) (14,172)  
Premises, equipment, and software, net of disposals     (81,461) (26,232)  
Other assets     (3,073) (8,183)  
Proceeds from:          
Sales of available for sale securities     359,484 1,065,328  
Sales of Federal Home Loan Bank stock     20,000 42,514  
Prepayments, calls, and maturities of available for sale investment securities     371,440 620,320  
Prepayments, calls, and maturities of held to maturity investment securities     37,172 6,290  
Sales, prepayments, calls, and maturities of other assets     13,362 10,465  
Net cash (paid) received in acquisition     (685) 1,132  
Net cash used in investing activities     (1,239,992) (842,828)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase (decrease) in deposits     (714,815) 506,059  
Net increase in short-term funding     1,077,141 527,248  
Repayment of long-term funding     (430,018) (1,000,017)  
Proceeds from issuance of long-term funding     1,265,000 250,000  
Proceeds from issuance of common stock for stock-based compensation plans     4,276 13,704  
Proceeds from issuance of preferred stock     0 62,966  
Purchase of preferred stock     (1,248) (752)  
Purchase of common stock returned to authorized but unissued     (20,007) (93,000)  
Purchase of treasury stock     (4,018) (4,500)  
Cash dividends on common stock     (33,034) (30,508)  
Cash dividends on preferred stock     (4,367) (2,773)  
Net cash provided by financing activities     1,138,910 228,427  
Net increase (decrease) in cash and cash equivalents     4,195 (515,275)  
Cash and cash equivalents at beginning of period     473,685 1,032,067 $ 1,032,067
Cash and cash equivalents at end of period 477,880 516,792 477,880 516,792 $ 473,685
Supplemental disclosures of cash flow information:          
Cash paid for interest     46,316 32,123  
Cash paid for income taxes     27,852 40,473  
Loans and bank premises transferred to other real estate owned     4,704 3,117  
Capitalized mortgage servicing rights     4,149 6,729  
Loans transferred into held for sale from portfolio, net     130,694 0  
Fair value of assets acquired, including cash and cash equivalents 522 4,590 522 4,590  
Fair value ascribed to goodwill and intangible assets 4,119 51,791 4,119 51,791  
Fair value of liabilities assumed $ 1,423 $ 12,851 1,423 12,851  
Common stock issued in acquisition     $ 0 $ 43,530