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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 101,524 $ 82,943
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 57 5,513
Net amortization of debt securities 8,707 6,835
Net accretion of purchase accounting adjustments (2,187) (1,425)
Amortization of debt modification costs 825 825
Origination of loans held for sale (353,921) (415,553)
Proceeds from loans held for sale 346,144 425,484
Gain on sale of loans (13,560) (14,239)
(Gain) loss on sale of debt securities (347) 389
Bank-owned life insurance income, net (1,021) (1,310)
Stock-based compensation, net of tax benefits 1,850 1,868
Depreciation and amortization of premises and equipment 9,011 7,544
Gain on sale and write-downs of other real estate owned, net (334) (81)
Amortization of core deposit intangibles 3,559 2,804
Amortization of investments in variable interest entities 3,885 2,911
Net increase in accrued interest receivable (3,213) (4,306)
Net (increase) decrease in other assets (6,520) 1,048
Net increase in accrued interest payable 749 57
Net decrease in other liabilities (9,518) (2,070)
Net cash provided by operating activities 85,690 99,237
Investing Activities    
Sales of available-for-sale debt securities 415,093 219,855
Maturities, prepayments and calls of available-for-sale debt securities 247,854 156,482
Purchases of available-for-sale debt securities (457,915) (499,552)
Maturities, prepayments and calls of held-to-maturity debt securities 32,575 26,767
Principal collected on loans 1,364,270 1,269,145
Loan originations (1,675,181) (1,681,348)
Net additions to premises and equipment (11,882) (11,297)
Proceeds from sale of other real estate owned 2,440 1,693
Proceeds from redemption of non-marketable equity securities 76,948 41,393
Purchases of non-marketable equity securities (71,198) (40,385)
Proceeds from bank-owned life insurance 0 299
Investments in variable interest entities (6,451) (23,072)
Net cash received from acquisitions 11,307 101,268
Net cash used in investing activities (72,140) (438,752)
Financing Activities    
Net increase in deposits 86,429 528,881
Net increase (decrease) in securities sold under agreements to repurchase 97,091 (30,238)
Net (decrease) increase in short-term Federal Home Loan Bank advances (120,000) 40,000
Repayments of long-term Federal Home Loan Bank advances (987) (528)
Net increase (decrease) in other borrowed funds 54 (9,850)
Cash dividends paid (47,560) (19,551)
Tax withholding payments for stock-based compensation (1,158) (1,071)
Net cash provided by financing activities 13,869 507,643
Net increase in cash, cash equivalents and restricted cash 27,419 168,128
Cash, cash equivalents and restricted cash at beginning of period 203,790 200,004
Cash, cash equivalents and restricted cash at end of period 231,209 368,132
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 22,244 16,878
Income Taxes Paid 21,680 12,403
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Sale and refinancing of other real estate owned 7 372
Transfer of loans to other real estate owned 1,914 1,144
Right-of-use assets obtained in exchange for operating lease liabilities 3,862 0
Dividends declared but not paid 23,482 22,211
Fair value of common stock shares issued 87,153 250,807
Cash consideration for outstanding shares 4 16,265
Effective settlement of a pre-existing relationship 0 10,054
Fair Value of Assets Acquired 379,155 1,549,158
Liabilities Assumed $ 291,998 $ 1,383,756