XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 64,942 $ 59,133
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 4,611 568
Net amortization of investment securities premiums and discounts 11,232 13,423
Net accretion of purchase accounting adjustments (4,994) (4,128)
Loans held for sale originated or acquired (417,973) (481,713)
Proceeds from sales of loans held for sale 475,919 482,533
Gain on sale of loans (13,890) (14,249)
Loss on sale of investments 622 112
Bank-owned life insurance income, net (660) (534)
Stock-based compensation 2,395 1,588
Net tax benefits from stock-based compensation (1,378) (552)
Depreciation of premises and equipment 7,334 7,532
Gain on sale of other real estate owned and write-downs, net (1,033) (22)
Amortization of core deposit intangibles 1,240 1,585
Amortization of investments in variable interest entities 2,007 925
Net decrease (increase) in accrued interest receivable 7 (3,014)
Net decrease in other assets 6,536 5,629
Net decrease in accrued interest payable (51) (26)
Net decrease in other liabilities (191) (8,978)
Net cash provided by operating activities 136,675 59,812
Investing Activities    
Sales of available-for-sale securities 111,003 20,539
Maturities, prepayments and calls of available-for-sale securities 224,664 319,271
Purchases of available-for-sale securities (17,402) (188,827)
Maturities, prepayments and calls of held-to-maturity securities 15,235 21,625
Purchases of held-to-maturity securities 0 (1,222)
Principal collected on loans 947,134 773,672
Loans originated or acquired (1,327,095) (1,070,512)
Net additions to premises and equipment (5,179) (5,053)
Proceeds from sale of other real estate owned 6,759 5,636
Proceeds from sale of non-marketable equity securities 42,500 53,705
Purchases of non-marketable equity securities (39,399) (51,000)
Proceeds from bank-owned life insurance 437 294
Investments in variable interest entities (10,177) (654)
Net cash paid in acquisition (4,091) 0
Net cash used in investing activities (55,611) (122,526)
Financing Activities    
Net increase in deposits 128,827 142,886
Net decrease in securities sold under agreements to repurchase (22,600) (9,087)
Net decrease in short-term Federal Home Loan Bank advances (62,800) (40,000)
Repayments of long-term Federal Home Loan Bank advances (227) (25,241)
Net increase (decrease) in other borrowed funds 1,377 (36)
Cash dividends paid (39,139) (38,136)
Tax withholding payments for stock-based compensation (1,453) (592)
Net cash provided by financing activities 3,985 29,794
Net increase (decrease) in cash and cash equivalents 85,049 (32,920)
Cash and cash equivalents at beginning of period 152,541 193,253
Cash and cash equivalents at end of period 237,590 160,333
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 15,191 15,129
Cash paid during the period for income taxes 18,449 18,252
Supplemental Disclosure of Non-Cash Investing Activities    
Sale and refinancing of other real estate owned 345 602
Transfer of loans to other real estate owned 3,521 3,635
Dividends declared but not paid 16,548 15,317
Fair value of common stock shares issued 46,673 0
Cash consideration for outstanding shares 17,342 0
Fair Value of Assets Acquired 355,230 0
Liabilities Assumed $ 321,824 $ 0