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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income attributable to the Company $ 58,784 $ 47,082
Adjustments to arrive at net income from continuing operations    
Net income attributable to noncontrolling interests 265 2,942
Less: Net income from discontinued operations 0 (1,696)
Net income from continuing operations 59,049 48,328
Adjustments to reconcile net income from continuing operations to net cash provided by/ (used in) operating activities:    
Depreciation and amortization 17,726 17,192
Net income attributable to noncontrolling interests (265) (2,942)
Stock compensation, net of cancellations 4,022 5,232
Provision/ (credit) for loan losses 104 (2,291)
Loans originated for sale (32,796) (32,364)
Proceeds from sale of loans held for sale 29,176 33,935
Deferred income tax expense/ (benefit) 432 8,548
Increase in right-of-use assets 1,416 0
Increase in operating lease liabilities (1,465) 0
Net decrease/ (increase) in other operating activities (36,916) (14,348)
Net cash provided by/ (used in) operating activities of continuing operations 40,483 61,290
Net cash provided by/ (used in) operating activities of discontinued operations 0 1,696
Net cash provided by/ (used in) operating activities 40,483 62,986
Investment securities available-for-sale:    
Purchases (24,977) (25,204)
Sales 0 24
Maturities, calls, redemptions, and principal payments 115,857 86,085
Investment securities held-to-maturity:    
Purchases 0 (11,876)
Maturities, calls, and principal payments 18,880 10,726
Equity securities at fair value:    
Purchases (44,537) (38,042)
Sales 36,985 51,757
(Investments)/ distributions in trusts, net 357 1,252
Contingent considerations from divestitures 3,254 0
(Purchase)/ redemption of Federal Home Loan Bank and Federal Reserve Bank stock 1,507 11,246
Net increase in portfolio loans (268,238) (217,317)
Proceeds from recoveries of loans previously charged-off 887 1,578
Proceeds from sale of OREO 492 0
Proceeds from sale of portfolio loans 92,304 0
Capital expenditures (5,795) (18,349)
Proceeds from sale of affiliate 0 34,120
Net cash provided by/ (used in) investing activities (73,024) (114,000)
Cash flows from financing activities:    
Net increase/ (decrease) in deposits (122,928) 258,477
Net increase/ (decrease) in securities sold under agreements to repurchase 11,932 7,284
Net increase/ (decrease) in federal funds purchased (20,000) 90,000
Net increase/ (decrease) in short-term Federal Home Loan Bank borrowings 110,000 (230,000)
Advances of long-term Federal Home Loan Bank borrowings 340,000 91,444
Repayments of long-term Federal Home Loan Bank borrowings (299,240) (113,289)
Redemption of Series D preferred stock 0 (50,000)
Dividends paid to common shareholders (30,395) (30,586)
Dividends paid to preferred shareholders 0 (1,738)
Proceeds from warrant exercises 0 161
Repurchase of common stock (7,193) (1,905)
Proceeds from stock option exercises 545 1,661
Proceeds from issuance of common stock 2,274 1,865
Tax withholding for share based compensation awards (1,268) (2,053)
Distributions paid to noncontrolling interests (265) (2,848)
Other equity adjustments (170) 4,634
Net cash provided by/ (used in) financing activities (16,708) 23,107
Net increase/ (decrease) in cash and cash equivalents (49,249) (27,907)
Cash and cash equivalents at beginning of year 127,259 120,541
Cash and cash equivalents at end of period 78,010 92,634
Supplemental disclosure of cash flow items:    
Cash paid for interest 60,489 40,703
Cash paid for income taxes, (net of refunds received) 18,122 18,898
Change in unrealized gain/ (loss) on available-for-sale securities, net of tax 27,469 (18,888)
Change in unrealized gain/ (loss) on cash flow hedges, net of tax (391) 301
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 $ (944) $ (529)