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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income attributable to the Company $ 38,822 $ 29,120
Adjustments to arrive at net income from continuing operations    
Less: Net income attributable to noncontrolling interests 169 2,018
Less: Net income from discontinued operations 0 (1,696)
Net income from continuing operations 38,991 29,442
Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:    
Depreciation and amortization 11,712 11,200
Net income attributable to noncontrolling interests (169) (2,018)
Stock compensation, net of cancellations 2,933 3,421
Provision/ (credit) for loan losses (63) (1,342)
Loans originated for sale (17,103) (24,260)
Proceeds from sale of loans held for sale 16,406 24,486
Deferred income tax expense/ (benefit) 959 8,374
Increase in right-of-use assets (2,419) 0
Increase in operating lease liabilities 2,476 0
Net decrease/ (increase) in other operating activities (26,560) (17,613)
Net cash provided by/ (used in) operating activities of continuing operations 27,163 31,690
Net cash provided by/ (used in) operating activities of discontinued operations 0 1,696
Net cash provided by/ (used in) operating activities 27,163 33,386
Investment securities available-for-sale:    
Purchases (9,845) (9,985)
Sales 0 24
Maturities, calls, redemptions, and principal payments 64,230 65,712
Investment securities held-to-maturity:    
Purchases 0 (11,876)
Maturities, calls, and principal payments 15,872 7,288
Equity securities at fair value:    
Purchases (35,349) (22,674)
Sales 30,485 35,526
(Investments)/ distributions in trusts, net 504 (329)
Contingent considerations from divestitures 2,019 0
(Purchase)/ redemption of Federal Home Loan Bank and Federal Reserve Bank stock (15,190) (10,154)
Net increase in portfolio loans (188,548) (263,692)
Proceeds from recoveries of loans previously charged-off 577 593
Proceeds from sale of OREO 492 0
Capital expenditures (811) (14,453)
Proceeds from sale of affiliate 0 34,120
Net cash provided by/ (used in) investing activities (135,564) (189,900)
Cash flows from financing activities:    
Net increase/ (decrease) in deposits (343,207) 109,933
Net increase/ (decrease) in securities sold under agreements to repurchase 25,444 26,655
Net increase/ (decrease) in federal funds purchased (115,000) (30,000)
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings 340,000 350,000
Advances of long-term Federal Home Loan Bank borrowings 290,000 91,444
Repayments of long-term Federal Home Loan Bank borrowings (130,076) (78,187)
Redemption of Series D preferred stock 0 (50,000)
Dividends paid to common shareholders (20,200) (20,330)
Dividends paid to preferred shareholders 0 (1,738)
Proceeds from warrant exercises 0 21
Proceeds from stock option exercises 435 1,257
Proceeds from issuance of common stock 1,133 833
Tax withholding for share based compensation awards (1,268) (1,914)
Distributions paid to noncontrolling interests (169) (1,958)
Other equity adjustments (194) 4,496
Net cash provided by/ (used in) financing activities 46,898 400,512
Net increase/ (decrease) in cash and cash equivalents (61,503) 243,998
Cash and cash equivalents at beginning of year 127,259 120,541
Cash and cash equivalents at end of period 65,756 364,539
Supplemental disclosure of cash flow items:    
Cash paid for interest 37,382 23,742
Cash paid for income taxes, (net of refunds received) 14,277 9,827
Change in unrealized gain/ (loss) on available-for-sale securities, net of tax 22,233 (14,848)
Change in unrealized gain/ (loss) on cash flow hedges, net of tax (389) 511
Change in unrealized gain/ (loss) on other, net of tax 0 1
Non-cash transactions:    
Loans transferred into other real estate owned from loan portfolio 0 108
Loans charged-off (759) (529)
Assets transferred into/ (out of) other assets held for sale $ 0 $ 21