XML 37 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income $ 86,619 $ 84,701
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,873 1,721
Net amortization of investment securities premiums and discounts 20,082 21,239
Loans held for sale originated or acquired (681,826) (498,118)
Proceeds from sales of loans held for sale 719,989 504,518
Gain on sale of loans (20,356) (14,373)
Loss on sale of investments 124 160
Bargain purchase gain 0 (680)
Stock-based compensation expense, net of tax benefits 737 652
Excess tax (benefits) deficiencies from stock-based compensation (102) 14
Depreciation of premises and equipment 10,178 8,706
Loss (gain) on sale of other real estate owned and write-downs, net 997 (1,096)
Amortization of core deposit intangibles 2,206 2,095
Net (increase) decrease in accrued interest receivable (5,397) 254
Net increase in other assets (7,198) (1,373)
Net decrease in accrued interest payable (645) (530)
Net increase in other liabilities 6,547 12,908
Net cash provided by operating activities 133,828 120,798
Investing Activities    
Sales of available-for-sale securities 52,691 162,930
Maturities, prepayments and calls of available-for-sale securities 504,062 476,286
Purchases of available-for-sale securities (686,146) (126,666)
Maturities, prepayments and calls of held-to-maturity securities 16,762 8,930
Purchases of held-to-maturity securities (148,583) (11,250)
Principal collected on loans 1,202,256 993,806
Loans originated or acquired (1,524,814) (1,273,235)
Net addition of premises and equipment and other real estate owned (10,099) (9,463)
Proceeds from sale of other real estate owned 7,769 12,644
Net proceeds from sale of non-marketable equity securities 29,886 801
Net cash received (paid) in acquisitions 19,712 (2,112)
Net cash (used in) provided by investing activities (536,504) 232,671
Financing Activities    
Net increase in deposits 181,147 217,203
Net increase in securities sold under agreements to repurchase 42,578 53,819
Net decrease in short-term Federal Home Loan Bank advances 0 (381,000)
Proceeds from long-term Federal Home Loan Bank advances 50,000 175,000
Repayments of long-term Federal Home Loan Bank advances (19,581) (267,316)
Net decrease in other borrowed funds (585) (929)
Cash dividends paid (50,576) (24,629)
Excess tax benefits (deficiencies) from stock-based compensation 102 (14)
Stock-based compensation activity 17 837
Net cash provided by (used in) financing activities 203,102 (227,029)
Net (decrease) increase in cash and cash equivalents (199,574) 126,440
Cash and cash equivalents at beginning of period 442,409 155,657
Cash and cash equivalents at end of period 242,835 282,097
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 22,705 20,128
Cash paid during the period for income taxes 33,912 23,504
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 382 665
Transfer of loans to other real estate owned 6,910 8,995
Fair value of common stock shares issued 10,776 15,127
Cash consideration for outstanding shares 12,219 16,690
Fair value of assets acquired 174,637 349,167
Liabilities assumed $ 152,779 $ 316,670