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
Operating Activities:      
Net income $ 206,340 $ 199,726 $ 179,456
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 49,300 37,250 33,500
Deferred tax (benefit) expense (15,513) (5,154) 11,499
Depreciation and amortization 34,678 30,585 36,019
Amortization of earning assets and funding premium/discount, net 54,555 50,758 61,395
Stock-based compensation 10,935 10,223 10,664
Gain on sale, net of write-down, on foreclosed and repossessed assets (311) (1,297) (1,295)
(Gain) loss on sale, net of write-down, on premises and equipment (244) (292) 1,287
Impairment loss on securities recognized in earnings 110 1,145 7,277
Gain on the sale of investment securities, net (609) (5,499) (712)
Increase in cash surrender value of life insurance policies (13,020) (13,178) (13,770)
Gain from life insurance policies (220) (2,229) (1,070)
Gain, net on sale of loans held for sale (7,795) (4,070) (16,359)
Proceeds from sale of loans held for sale 452,590 287,132 773,887
Originations of loans held for sale (449,048) (296,996) (687,090)
Net (increase) decrease in accrued interest receivable and other assets (49,899) (24,502) 84,077
Net increase (decrease) in accrued expenses and other liabilities 35,336 9,213 (14,812)
Net cash provided by operating activities 307,185 272,815 463,953
Investing Activities:      
Net (increase) decrease in interest-bearing deposits (23,212) (109,021) 31,761
Purchases of available-for-sale securities (903,240) (217,920) (952,995)
Proceeds from maturities and principal payments of available-for-sale securities 558,301 416,821 741,467
Proceeds from sales of available-for-sale securities 123,270 98,402 57,804
Purchases of held-to-maturity securities (761,033) (1,113,958) (989,397)
Proceeds from maturities and principal payments of held-to-maturity securities 681,124 575,009 717,601
Net proceeds (purchase) of Federal Home Loan Bank stock 4,943 (34,412) (3,248)
Net increase in loans (1,813,811) (1,269,290) (741,818)
Proceeds from loans not originated for sale 33,644 0 12,771
Purchase of life insurance policies (50,000) 0 0
Proceeds from life insurance policies 3,912 2,178 1,768
Proceeds from the sale of foreclosed properties and repossessed assets 10,511 8,995 7,745
Proceeds from the sale of premises and equipment 650 3,565 1,304
Purchases of premises and equipment (36,115) (30,039) (21,886)
Acquisition of business, net cash acquired 1,396,414 0 0
Net cash (used for) provided by investing activities (774,642) (1,669,670) (1,137,123)
Financing Activities:      
Net increase in deposits 853,921 797,244 323,348
Proceeds from Federal Home Loan Bank advances 13,505,000 10,372,226 4,928,120
Repayments of Federal Home Loan Bank advances (13,700,279) (9,565,192) (4,703,287)
Net (decrease) increase in securities sold under agreements to repurchase and other borrowings (99,356) (80,906) 255,502
Issuance of long-term debt 0 150,000 0
Repayment of long-term debt 0 (150,000) (102,579)
Debt issuance costs 0 (1,349) 0
Dividends paid to common shareholders (80,964) (67,431) (48,952)
Dividends paid to preferred shareholders (8,711) (10,556) (10,803)
Exercise of stock options 3,060 2,221 2,736
Excess tax benefits from stock-based compensation 2,338 1,161 389
Common stock issued 0 435 731
Common stock repurchased (12,564) (10,741) 0
Shares acquired related to employee share-based compensation plans (5,251) (2,326) (672)
Common stock warrants repurchased (23) (3) (30)
Net cash (used for) provided by financing activities 457,171 1,434,783 644,503
Net (decrease) increase in cash and due from banks (10,286) 37,928 (28,667)
Cash and due from banks at beginning of period 261,544 223,616 252,283
Cash and due from banks at end of period 251,258 261,544 223,616
Supplemental disclosure of cash flow information:      
Interest paid 95,428 89,942 88,388
Income taxes paid 106,991 102,973 62,926
Noncash investing and financing activities:      
Transfer of loans and leases to foreclosed properties and repossessed assets 8,714 5,532 11,750
Transfer of loans from portfolio to loans held for sale 585 0 106
Deposits assumed in business acquisition 1,446,899 0 0
Preferred stock conversion $ 28,939 $ 0 $ 0