XML 22 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income attributable to the Company $ 64,925 $ 68,815 $ 70,535
Adjustments to arrive at net income/(loss) from continuing operations      
Net income attributable to noncontrolling interests (4,407) (4,750) (3,948)
Net pre-tax gain from operating activities of discontinued operations 11,234 11,258 13,913
Tax expense from discontinued operations 4,823 5,098 6,121
Net income from continuing operations 62,921 67,405 66,691
Adjustments to reconcile net income/(loss) from continuing operations to net cash provided by/(used in) operating activities:      
Depreciation and amortization 22,187 19,378 19,107
Net income attributable to noncontrolling interests (4,407) (4,750) (3,948)
Equity issued as compensation 9,820 6,239 6,747
Provision/ (credit) for loan losses (1,555) (6,400) (10,000)
Loans originated for sale (153,445) (71,858) (231,539)
Proceeds from sale of loans held for sale 153,679 71,440 254,345
Gain on repurchase of debt 0 0 (620)
Gain on sale of Pacific Northwest offices 0 0 (10,574)
Deferred income tax expense/(benefit) (4,575) 5,058 10,313
Net decrease/(increase) in other operating activities 2,852 14,387 5,861
Net cash provided by/(used in) operating activities of continuing operations 87,477 100,899 106,383
Net cash provided by/(used in) operating activities of discontinued operations 6,411 6,160 7,792
Net cash provided by/(used in) operating activities 93,888 107,059 114,175
Investment securities available for sale:      
Payments to Acquire Available-for-sale Securities 506,529 335,404 243,359
Proceeds from Sale of Available-for-sale Securities 34,160 6,450 4,062
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 208,467 190,926 227,973
Investment securities held to maturity:      
Payments to Acquire Held-to-maturity Securities 0 (48,835) (112,391)
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 23,741 19,263 325
(Investments)/distributions in trusts, net (165) (385) 154
(Purchase)/ redemption of Federal Home Loan Banks stock (2,900) 6,331 3,369
Net increase in portfolio loans (452,675) (221,256) (310,834)
Proceeds from recoveries of loans previously charged off 6,253 11,163 7,731
Proceeds from sale of OREO 277 1,102 2,455
Proceeds from sale of portfolio loans 0 58,568 9,449
Proceeds from sale of Pacific Northwest offices 0 0 123,693
Capital expenditures, net of sale proceeds (5,419) (9,705) (8,311)
Cash received from dispositions/ (paid for acquisitions, including deferred acquisition obligations, net of cash acquired) 0 (44,845) 0
Payments for (Proceeds from) Other Investing Activities 0 (1,601) (224)
Net cash provided by/(used in) investing activities - continuing operations (694,790) (368,228) (295,908)
Net cash provided by/(used in) investing activities - discontinued operations 0 0 0
Net cash provided by/(used in) investing activities (694,790) (368,228) (295,908)
Cash flows from financing activities:      
Net increase in deposits 586,558 343,509 199,381
Net (decrease)/increase in securities sold under agreements to repurchase and other 27,719 (71,857) (13,966)
Net (decrease)/increase in short-term Federal Home Loan Bank borrowings 40,000 10,000 (40,000)
Advances of long-term Federal Home Loan Bank borrowings 123,636 55,000 120,000
Repayments of long-term Federal Home Loan Bank borrowings (72,462) (62,104) (120,867)
Repurchase of debt 0 0 (35,536)
Proceeds from issuance of Series D preferred stock, net 0 0 47,753
Repurchase of Series B preferred stock, including deemed dividend at repurchase 0 0 (69,827)
Dividends paid to common share holders (29,608) (25,829) (19,129)
Dividends paid to preferred shareholders (3,475) (3,475) (2,660)
Tax savings/ (deficiency) from certain stock compensation awards (1,262) 1,294 (663)
Proceeds from stock option exercises 1,206 1,807 2,332
Proceeds from issuance of common stock, net (515) (353) 1,230
Distributions paid to noncontrolling interests (4,611) (4,426) (3,416)
Other equity adjustments (199) (1,669) 238
Net cash provided by/(used in) financing activities - continuing operations 666,987 241,897 64,870
Net cash provided by/(used in) financing activities - discontinued operations 0 0 0
Net cash provided by/(used in) financing activities 666,987 241,897 64,870
Net increase/(decrease) in cash and cash equivalents 66,085 (19,272) (116,863)
Cash and cash equivalents at beginning of year 172,609 191,881 308,744
Cash and cash equivalents at end of period 238,694 172,609 191,881
Supplementary schedule of non-cash investing and financing activities:      
Cash paid for interest 27,749 30,043 29,377
Cash paid for income taxes, net of (refunds received) 33,318 30,072 32,332
Change in unrealized gain/ (loss) on securities available for sale, net of tax (1,488) 3,740 (7,169)
Change in unrealized gain/ (loss) on cash flow hedges, net of tax 800 (160) 1,206
Change in unrealized gain/ (loss) on other, net of tax 115 80 358
Loans transferred into/(out of) held for sale from/(to) portfolio 0 56,967 5,593
Loans charged-off (2,036) (5,296) (5,417)
Loans transferred into other real estate owned from held for sale or portfolio 0 298 (372)
Reversal of contingent consideration 2,026 0 0
Equity issued for acquisitions, including deferred acquisition obligations $ 0 $ 21,007 $ 0