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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 210,544,000 $ 181,878,000 $ 116,377,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 57,000 9,953,000 10,824,000
Net amortization of debt securities 12,985,000 13,095,000 20,026,000
Net accretion of purchase accounting adjustments (3,712,000) (3,963,000) (5,131,000)
Amortization of debt modification costs 4,630,000 1,649,000 471,000
Origination of loans held for sale (983,988,000) (841,451,000) (889,212,000)
Proceeds from loans held for sale 985,345,000 896,145,000 984,506,000
Gain on sale of loans (34,064,000) (27,134,000) (30,439,000)
(Gain) loss on sale of debt securities (14,415,000) 1,113,000 660,000
Bank-owned life insurance income, net (2,245,000) (2,234,000) (1,395,000)
Stock-based compensation, net of tax benefits 7,475,000 3,122,000 2,952,000
Depreciation and amortization of premises and equipment 18,592,000 16,019,000 14,758,000
Loss (gain) on sale and write-downs of other real estate owned, net 73,000 2,130,000 (1,641,000)
Deferred tax (benefit) expense [1] (356,000) 6,861,000 25,887,000
Core deposit intangible amortization 8,485,000 6,270,000 2,494,000
Amortization of investments in variable interest entities 9,700,000 7,639,000 4,692,000
Net decrease (increase) in accrued interest receivable 1,899,000 (2,741,000) 2,466,000
Net decrease in other assets 5,078,000 348,000 1,139,000
Net increase (decrease) in accrued interest payable 312,000 357,000 (135,000)
Net increase (decrease) in other liabilities 254,000 11,655,000 (4,558,000)
Net cash provided by operating activities 226,649,000 280,711,000 254,741,000
Investing Activities      
Sales of available-for-sale debt securities 712,113,000 226,842,000 247,748,000
Maturities, prepayments and calls of available-for-sale debt securities 711,838,000 357,876,000 446,695,000
Purchases of available-for-sale debt securities (1,224,231,000) (820,333,000) (36,239,000)
Maturities, prepayments and calls of held-to-maturity debt securities 58,750,000 76,832,000 25,187,000
Principal collected on loans 3,250,220,000 2,691,953,000 2,099,292,000
Loan originations (3,623,548,000) (3,460,227,000) (2,740,281,000)
Net additions to premises and equipment (16,398,000) (18,637,000) (10,128,000)
Proceeds from sale of other real estate owned 4,670,000 9,385,000 12,335,000
Proceeds from redemption of non-marketable equity securities 118,516,000 87,221,000 68,610,000
Purchases of non-marketable equity securities (97,597,000) (87,975,000) (71,396,000)
Proceeds from bank-owned life insurance 0 1,331,000 437,000
Investments in variable interest entities (16,348,000) (37,956,000) (14,514,000)
Net cash received from (paid in) acquisitions 79,333,000 101,268,000 (4,091,000)
Net cash (used in) provided by investing activities (42,682,000) (872,420,000) 23,655,000
Financing Activities      
Net increase in deposits 285,856,000 599,037,000 (89,397,000)
Net increase in securities sold under agreements to repurchase 172,264,000 4,398,000 (111,077,000)
Net (decrease) increase in short-term Federal Home Loan Bank advances (255,000,000) 85,000,000 137,200,000
Proceeds from long-term Federal Home Loan Bank advances 0 0 150,000,000
Repayments of long-term Federal Home Loan Bank advances (151,160,000) (1,198,000) (208,192,000)
Net increase (decrease) in other borrowed funds 14,109,000 (5,059,000) 3,784,000
Cash dividends paid (124,468,000) (85,493,000) (111,720,000)
Tax withholding payments for stock-based compensation (1,293,000) (1,214,000) (1,531,000)
Proceeds from stock option exercises 2,896,000 24,000 0
Net cash (used in) provided by financing activities (56,796,000) 595,495,000 (230,933,000)
Net increase in cash, cash equivalents and restricted cash 127,171,000 3,786,000 47,463,000
Cash, cash equivalents and restricted cash at beginning of period 203,790,000 200,004,000 152,541,000
Cash, cash equivalents and restricted cash at end of period 330,961,000 203,790,000 200,004,000
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest 42,461,000 35,174,000 30,000,000
Cash paid during the period for income taxes 36,817,000 26,489,000 40,219,000
Supplemental Disclosure of Non-Cash Investing Activities      
Transfer of debt securities from held-to-maturity to available-for-sale 0 270,331,000 0
Sale and refinancing of other real estate owned 7,000 406,000 553,000
Transfer of loans to other real estate owned 2,349,000 4,924,000 4,466,000
Right-of-use assets obtained in exchange for operating lease liabilities 9,948,000 0 0
Dividends declared during the period but not paid 18,686,000 25,726,000 265,000
Fair value of common stock shares issued 316,538,000 250,807,000 46,673,000
Cash consideration 16,424,000 16,265,000 17,342,000
Effective settlement of pre-existing receivable 0 10,054,000 0
Fair value of assets acquired 1,190,267,000 1,660,882,000 355,230,000
Liabilities assumed $ 1,024,137,000 $ 1,383,756,000 $ 321,824,000
[1] Includes tax benefit of operating loss carryforwards of $317,000, $443,000 and $644,000 for the years ended December 31, 2019, 2018, and 2017, respectively.