XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 111,359 $ 100,231
Adjustments to reconcile net income to cash provided by operating activities:    
Provision (credit) for loan and lease losses 11,750 7,605
Deferred tax expense (benefit) (7,316) (5,573)
Net change in current taxes 37,898 33,128
Depreciation 28,195 23,179
Net (decrease) increase in accrued interest payable 3,457 (2,454)
Net (increase) decrease in income earned not collected (3,909) (1,358)
Marketable equity securities gain (loss), net (11,328) (971)
Gain on extinguishment of debt 0 (25,814)
Origination of loans held for sale (128,949) (131,353)
Proceeds from sale of loans held for sale 123,047 138,538
Gain on sale of loans held for sale (2,181) (2,666)
Net writedowns/losses on other real estate 427 1,210
(Gain) loss on sales of premises and equipment 358 0
Net accretion of premiums and discounts (8,737) (10,323)
Amortization of intangible assets 5,943 6,049
Net change in FDIC payable for shared-loss agreements 1,638 1,124
Net change in mortgage servicing rights (698) (1,200)
Net change in other assets 31,072 341,678
Net change in other liabilities (51,985) (12,642)
Net cash provided by operating activities 140,041 458,388
INVESTING ACTIVITIES    
Net increase in loans outstanding 68,052 (7,283)
Purchases of investment securities available for sale (593,952) (374,850)
Purchases of investment securities held to maturity (116,028) 0
Purchases of marketable equity securities (6,076) (2,272)
Proceeds from maturities/calls of investment securities held to maturity 88,400 2
Proceeds from maturities/calls of investment securities available for sale 587,023 503,717
Proceeds from sales of marketable equity securities 119 664
Net decrease (increase) in overnight investments (589,119) (558,955)
Cash paid to the FDIC for shared-loss agreements (8) 0
Proceeds from sales of other real estate 7,430 8,380
Proceeds from sales of premises and equipment 54 13
Purchases of premises and equipment (23,875) (24,081)
Net cash used in investing activities (577,980) (454,665)
FINANCING ACTIVITIES    
Net decrease in time deposits 138,640 (92,064)
Net increase in demand and other interest-bearing deposits 387,319 795,034
Net decrease in short-term borrowings (35,428) (139,049)
Repayment of long-term obligations (8,688) (651,451)
Repurchase of common stock (98,077) 0
Cash dividends paid (4,668) (4,204)
Net cash (used in) provided by financing activities 379,098 (91,734)
Change in cash and due from banks (58,841) (88,011)
Cash and due from banks at beginning of period 327,440 336,150
Cash and due from banks at end of period 268,599 248,139
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Transfers of loans to other real estate 2,613 6,582
Dividends declared but not paid 4,575 4,204
Transfer of Portfolio Loans (From) To Loans Held-for-sale 605 0
Transfers of premises and equipment to other real estate 520 0
Unsettled common stock repurchases (2,679) 0
Initial recognition of operating lease assets 70,652 0
Initial recognition of operating lease liabilities $ 71,793 $ 0