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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 70,871 $ 63,364
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 8,913 3,533
Net (gain) loss on disposal of property and equipment 492 (822)
Depreciation and amortization 14,482 13,702
Net premium amortization on investment securities 9,423 11,527
Net gains on investment securities transactions (312) (75)
Net gains on sales of mortgage loans held for sale (15,126) (16,397)
Net gain on sale of OREO (693) (2,862)
Write-downs of OREO and other assets pending disposal 621 985
Net reversal of impairment of mortgage servicing rights (21) (147)
Deferred income tax expense (344) 12,975
Net increase in cash surrender value of company-owned life insurance policies (3,431) (2,169)
Stock-based compensation expense 3,350 3,231
Tax benefits from stock-based compensation expense 1,352 979
Excess tax benefits from stock-based compensation (1,126) (884)
Originations of loans held for sale (799,445) (856,384)
Proceeds from sales of loans held for sale 795,527 865,833
Changes in operating assets and liabilities:    
Increase in interest receivable (2,203) (3,962)
Increase in other assets (2,644) (4,766)
Decrease in accrued interest payable 646 (639)
Decrease in accounts payable and accrued expenses (1,278) (17,583)
Net cash provided by operating activities 79,054 69,439
Cash flows from investing activities:    
Purchases of held-to-maturity investment securities (18,170) (28,745)
Purchases of available-for-sale investment securities (626,574) (253,049)
Proceeds from maturities and paydowns of held-to-maturity investment securities 86,306 80,759
Proceeds from maturities and paydowns of available-for-sale investment securities 652,064 450,462
Purchases of company-owned life insurance 0 30,000
Extensions of credit to customers, net of repayments (203,216) (251,450)
Recoveries of loans charged-off 6,363 4,439
Proceeds from sales of OREO 3,352 13,586
Acquisition of banks and bank holding companies, net of cash and cash equivalents received (18,554) 1,636
Proceeds from sale of loan production office 932 0
Capital expenditures, net of sales (5,113) (2,236)
Net cash used in investing activities (85,502) (17,870)
Cash flows from financing activities:    
Net increase (decrease) in deposits 30,057 (33,983)
Net increase (decrease) in repurchase agreements (51,917) (66,717)
Net increase (decrease) in other borrowed funds 6 1
Repayments of long-term debt (49) (1,297)
Advances on long-term debt 113 5,066
Proceeds from issuance of common stock 3,657 1,909
Excess tax benefits from stock-based compensation 1,126 884
Purchase and retirement of common stock (26,119) (20,548)
Dividends paid to common stockholders (29,516) (27,259)
Net cash provided by (used in) financing activities (72,642) (141,944)
Net increase (decrease) in cash and cash equivalents (79,090) (90,375)
Cash and cash equivalents at beginning of period 780,457 798,670
Cash and cash equivalents at end of period 701,367 708,295
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 40,416 27,335
Cash paid during the period for interest expense 12,448 13,853
Transfer of loans to loans held for sale 50 10,619
Transfer of loans to other real estate owned 5,335 5,380
Capitalization of internally originated mortgage servicing rights 3,890 2,709
Transfer of bank buildings and land pending disposal to other assets $ 0 $ 1,805