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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 90,090 $ 86,619
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 1,194 1,873
Net amortization of investment securities premiums and discounts 19,990 20,082
Loans held for sale originated or acquired (789,605) (681,826)
Proceeds from sales of loans held for sale 816,236 719,989
Gain on sale of loans (23,841) (20,356)
Loss on sale of investments 706 124
Stock-based compensation expense, net of tax benefits 1,441 737
Excess tax benefits from stock-based compensation (8) (102)
Depreciation of premises and equipment 11,440 10,178
(Gain) loss on sale of other real estate owned and write-downs, net (103) 997
Amortization of core deposit intangibles 2,362 2,206
Net increase in accrued interest receivable (5,466) (5,397)
Net increase in other assets (6,397) (7,198)
Net decrease in accrued interest payable (90) (645)
Net (decrease) increase in other liabilities (201) 6,547
Net cash provided by operating activities 117,748 133,828
Investing Activities    
Sales of available-for-sale securities 20,539 52,691
Maturities, prepayments and calls of available-for-sale securities 527,596 504,062
Purchases of available-for-sale securities (217,261) (686,146)
Maturities, prepayments and calls of held-to-maturity securities 21,965 16,762
Purchases of held-to-maturity securities (1,222) (148,583)
Principal collected on loans 1,270,573 1,202,256
Loans originated or acquired (1,755,185) (1,524,814)
Net decrease (increase) of premises and equipment and other real estate owned 6,610 (10,099)
Proceeds from sale of other real estate owned 8,793 7,769
Net proceeds from sale of non-marketable equity securities 7,608 29,886
Net cash received in acquisitions 6,701 19,712
Net cash used in investing activities (103,283) (536,504)
Financing Activities    
Net increase in deposits 305,947 181,147
Net (decrease) increase in securities sold under agreements to repurchase (22,171) 42,578
Net decrease in short-term Federal Home Loan Bank advances (140,000) 0
Proceeds from Federal Home Loan Bank Borrowings 0 50,000
Repayments of long-term Federal Home Loan Bank advances (45,558) (19,581)
Net decrease in other borrowed funds (538) (585)
Cash dividends paid (53,393) (50,576)
Excess tax benefits from stock-based compensation 8 102
Stock-based compensation activity (600) 17
Net cash provided by financing activities 43,695 203,102
Net increase (decrease) in cash and cash equivalents 58,160 (199,574)
Cash and cash equivalents at beginning of period 193,253 442,409
Cash and cash equivalents at end of period 251,413 242,835
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 22,506 22,705
Cash paid during the period for income taxes 25,254 33,912
Supplemental Disclosure of Non-Cash Investing Activities    
Sale and refinancing of other real estate owned 611 382
Transfer of loans to other real estate owned 4,117 6,910
Dividend declared but not paid 15,409 14,390
Fair value of common stock shares issued 10,465 10,776
Cash consideration for outstanding shares 3,475 12,219
Fair value of assets acquired 69,750 174,637
Liabilities assumed $ 62,225 $ 152,779