XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 59,133 $ 57,005
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 568 1,047
Net amortization of investment securities premiums and discounts 13,423 13,376
Loans held for sale originated or acquired (481,713) (449,630)
Proceeds from sales of loans held for sale 482,533 460,799
Gain on sale of loans (14,249) (13,030)
Loss on sale of investments 112 93
Stock-based compensation expense, net of tax benefits 459 700
Excess tax benefits from stock-based compensation (15) (102)
Depreciation of premises and equipment 7,532 6,658
(Gain) loss on sale of other real estate owned and write-downs, net (22) 619
Amortization of core deposit intangibles 1,585 1,486
Net increase in accrued interest receivable (3,030) (3,173)
Net (increase) decrease in other assets (3,484) 3,983
Net decrease in accrued interest payable (31) (496)
Net decrease in other liabilities (8,552) (2,405)
Net cash provided by operating activities 54,249 76,930
Investing Activities    
Sales of available-for-sale securities 20,539 35,558
Maturities, prepayments and calls of available-for-sale securities 319,271 346,230
Purchases of available-for-sale securities (188,827) (347,212)
Maturities, prepayments and calls of held-to-maturity securities 21,625 10,065
Purchases of held-to-maturity securities (1,222) (83,004)
Principal collected on loans 765,468 723,316
Loans originated or acquired (1,070,512) (967,774)
Net decrease (increase) of premises and equipment and other real estate owned 8,451 (7,403)
Proceeds from sale of other real estate owned 5,636 6,288
Net proceeds from sale of non-marketable equity securities 2,705 29,877
Net cash received in acquisitions 0 19,712
Net cash used in investing activities (116,866) (234,347)
Financing Activities    
Net increase in deposits 143,808 66,625
Net (decrease) increase in securities sold under agreements to repurchase (9,087) 10,472
Net decrease in short-term Federal Home Loan Bank advances (40,000) 0
Proceeds from Federal Home Loan Bank Borrowings 0 50,000
Repayments of long-term Federal Home Loan Bank advances (25,299) (19,410)
Net decrease in other borrowed funds (1,604) (575)
Cash dividends paid (38,136) (36,188)
Excess tax benefits from stock-based compensation 15 102
Stock-based compensation activity 0 (299)
Net cash provided by financing activities 29,697 70,727
Net decrease in cash and cash equivalents (32,920) (86,690)
Cash and cash equivalents at beginning of period 193,253 442,409
Cash and cash equivalents at end of period 160,333 355,719
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 15,129 15,248
Cash paid during the period for income taxes 18,252 15,961
Supplemental Disclosure of Non-Cash Investing Activities    
Sale and refinancing of other real estate owned 602 265
Transfer of loans to other real estate owned 3,635 5,181
Dividend declared but not paid 15,317 14,388
Fair value of common stock shares issued 0 10,776
Cash consideration for outstanding shares 0 12,219
Fair value of assets acquired 0 174,637
Liabilities assumed $ 0 $ 152,779