XML 36 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 57,005 $ 55,407
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,047 1,361
Net amortization of investment securities premiums and discounts 13,376 14,606
Loans held for sale originated or acquired (449,630) (293,098)
Proceeds from sales of loans held for sale 460,799 298,399
Gain on sale of loans (13,030) (8,373)
Loss on sale of investments 93 99
Stock-based compensation expense, net of tax benefits 700 437
Excess tax (benefits) deficiencies from stock-based compensation (102) 14
Depreciation of premises and equipment 6,658 5,545
Loss (gain) on sale of other real estate owned and write-downs, net 619 (969)
Amortization of core deposit intangibles 1,486 1,403
Net (increase) decrease in accrued interest receivable (3,173) 133
Net decrease (increase) in other assets 3,983 (1,870)
Net decrease in accrued interest payable (496) (342)
Net (decrease) increase in other liabilities (2,405) 2,960
Net cash provided by operating activities 76,930 75,712
Investing Activities    
Sales of available-for-sale securities 35,558 16,639
Maturities, prepayments and calls of available-for-sale securities 346,230 309,569
Purchases of available-for-sale securities (347,212) (121,671)
Maturities, prepayments and calls of held-to-maturity securities 10,065 3,930
Purchases of held-to-maturity securities (83,004) (7,873)
Principal collected on loans 723,316 630,875
Loans originated or acquired (967,774) (783,843)
Net addition of premises and equipment and other real estate owned (7,403) (5,614)
Proceeds from sale of other real estate owned 6,288 6,730
Net sale (purchase) of non-marketable equity securities 29,877 (523)
Net cash received in acquisitions 19,712 0
Net cash (used in) provided by investing activities (234,347) 48,219
Financing Activities    
Net increase in deposits 66,625 165,869
Net increase in securities sold under agreements to repurchase 10,472 1,846
Net decrease in short-term Federal Home Loan Bank advances 0 (256,000)
Proceeds from long-term Federal Home Loan Bank advances 50,000 175,000
Repayments of long-term Federal Home Loan Bank advances (19,410) (151,877)
Net decrease in other borrowed funds (575) (949)
Cash dividends paid (36,188) (11,942)
Excess tax benefits (deficiencies) from stock-based compensation 102 (14)
Stock-based compensation activity (299) 837
Net cash provided by (used in) financing activities 70,727 (77,230)
Net (decrease) increase in cash and cash equivalents (86,690) 46,701
Cash and cash equivalents at beginning of period 442,409 155,657
Cash and cash equivalents at end of period 355,719 202,358
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 15,248 13,510
Cash paid during the period for income taxes 15,961 16,818
Supplemental Disclosure of Non-Cash Investing Activities    
Transfer of investment securities from available-for-sale to held-to-maturity 0 484,583
Sale and refinancing of other real estate owned 265 501
Transfer of loans to other real estate owned 5,181 5,740
Fair value of common stock shares issued 10,776 0
Cash consideration for outstanding shares 12,219 0
Fair value of assets acquired 174,637 0
Liabilities assumed $ 152,779 $ 0