XML 123 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Fees and Commissions, Mortgage Banking and Servicing $ 30,400 $ 24,900 $ 28,900
Noninterest Income, Other Operating Income 15,900 15,100 14,300
Noninterest Income 149,900 143,300 141,800
Loss on termination of interest rate swap 0 0 (1,100)
Cash flows from operating activities:      
Net income 181,000 160,200 106,500
Adjustments to reconcile net income from operations to net cash provided by operating activities:      
Provision for loan losses 13,900 8,600 11,000
Net (gain) loss on disposal of property and equipment (1,500) (1,200) 200
Depreciation and amortization 38,700 27,600 18,400
Net premium amortization on investment securities 8,900 10,000 11,600
Net (gain) loss on investment securities transactions (100) 100 (700)
Realized and unrealized net gains on mortgage banking activities (30,500) (23,000) (25,200)
Net loss (gain) on sale of OREO (3,600) (800) 100
Write-downs of OREO and other assets pending disposal 900 100 400
Net (gain) on sale of health savings accounts 0 0 (3,100)
Mortgage servicing rights impairment (recovery) 400 0 (100)
Deferred income tax expense 5,400 15,800 20,900
Net increase in cash surrender value of company-owned life insurance policies (6,700) (5,000) (5,400)
Stock-based compensation expense 8,000 5,600 3,900
Originations of mortgage loans held for sale (1,015,600) (768,100) (815,000)
Proceeds from sales of mortgage loans held for sale 971,200 798,400 860,100
Changes in operating assets and liabilities:      
Decrease (increase) in interest receivable 300 (3,300) (600)
Increase in other assets (22,100) (8,000) (6,100)
(Decrease) increase in interest payable (13,500) 2,200 200
Decrease in accounts payable and accrued expenses (7,800) (200) (22,500)
Net cash provided by operating activities 127,300 219,000 154,600
Purchases of investment securities:      
Held-to-maturity 0 (2,000) (12,800)
Payments to Acquire Debt Securities, Available-for-sale 1,270,000 541,000  
Available-for-sale     (614,300)
Proceeds from maturities, pay-downs, calls and sales of investment securities:      
Held-to-maturity 35,600 79,300 97,400
Available-for-sale 978,600 460,000 426,200
Proceeds from bank-owned life insurance settlements 3,200 0 0
Extensions of credit to clients, net of repayments (81,400) (221,700) (99,700)
Payments For (Proceeds From) Recoveries of Loans Previously Charged off (9,700) 12,000  
Recoveries of loans charged-off     7,800
Proceeds from sales of OREO 25,400 9,100 5,900
Acquisition of intangible assets 0 0 (28,000)
Proceeds from the sale of health savings accounts 300 0 6,100
Acquisition of banks and bank holding companies, net of cash and cash equivalents acquired (298,400) 28,100 (91,800)
Capital expenditures, net of proceeds from sales (16,600) (4,900) (11,000)
Net cash used in investing activities 16,800 (181,100) 130,600
Cash flows from financing activities:      
Net increase (decrease) in deposits 276,200 49,500 (110,200)
Net increase (decrease) in securities sold under repurchase agreements (45,200) 69,400 105,400
Net increase (decrease) in other borrowed funds (4,100) (26,100) 100
Repayments of long-term debt (2,000) (7,100) 100
Advances on long-term debt 100 2,800 5,000
Proceeds from issuance of common stock 1,000 1,800 2,400
Purchase and retirement of common stock (2,500) (1,000) (1,300)
Dividends paid to common stockholders (79,200) (64,100) (48,600)
Net cash used in financing activities 144,300 25,200 (47,100)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 254,800 63,100  
Net change in cash and cash equivalents     (23,100)
Cash and cash equivalents at beginning of period   758,900 782,000
Cash and cash equivalents at end of period     758,900
Supplemental disclosures of cash flow information:      
Cash paid during the period for income taxes (51,200) (25,300) (28,800)
Interest Paid, Excluding Capitalized Interest, Operating Activities 54,700 38,700  
Cash paid during the period for interest expense     (27,800)
Transfer of Portfolio Loans and Leases to Held-for-sale 0 1,600 3,000
Other Comprehensive Income (Loss), Transfers From Available-For-Sale To Held-To-Maturity Securities, Before Tax 281,100    
Change in unamortized loss on available-for-sale securities transferred into held-to-maturity (6,000) 0 0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 39,600 0 0
Supplemental disclosures of noncash investing and financing activities:      
Transfer from long-term debt to other borrowed funds 0 0 20,000
Transfer of loans to other real estate owned 14,100 12,100 5,400
Capitalization of internally originated mortgage servicing rights 7,300 6,100 5,600
Supplemental schedule of noncash investing activities from acquisitions:      
Investment securities available for sale 78,700 3,100 424,300
Investment securities held to maturity 0 0 57,300
Loans held for sale 500 0 10,300
Loans 416,600 713,100 2,079,300
Premises and equipment 24,600 14,000 47,700
Goodwill 75,300 101,100 231,900
Core deposit intangible 16,600 15,700 48,000
Mortgage servicing rights 0 0 3,500
Deferred tax assets 2,200 3,600 7,600
Interest receivable 15,200 9,500 57,000
Deferred tax assets 0 0 28,600
Other real estate owned 2,400 600 1,200
Other assets 6,500 6,200 31,600
Total noncash assets acquired 638,600 866,900 3,028,300
Deposits 706,700 696,300 2,669,000
Noncash Or Part Noncash Acquisition, Securities Sold Under Repurchase Agreements 30,400 0 0
Deferred tax liability 19,900 7,700 64,200
Noncash or Part Noncash Acquisition, Debt Assumed 4,100 7,000 0
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 0 6,100 0
Noncash or Part Noncash Acquisition, Trust Preferred Securities Assumed 0 4,400 0
Noncash or Part Noncash Acquisition, Deferred Tax Liability 100 300 0
Total liabilities assumed (761,200) (721,800) (2,733,200)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1,076,800 822,000 758,900
Credit and Debit Card [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 41,500 43,300 43,300
Investment Advisory, Management and Administrative Service [Member]      
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 23,800 23,200 21,100
Deposit Account [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax 21,100 21,800 21,300
Financial Service, Other [Member]      
Revenue from Contract with Customer, Excluding Assessed Tax $ 17,100 $ 15,100 $ 13,300