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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 84,857 $ 61,600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,647 22,738
Provision for loan losses 14,332 10,235
Net amortization of premium on securities 18,958 20,186
Securities gains, net (1,037) (5,553)
Unrealized gain on equity securities, net (97) 0
Stock based compensation 3,689 3,588
Loans originated for sale (551,328) (548,768)
Proceeds on sales of loans held for sale 594,529 586,202
Net gains on sale of loans held for sale (13,939) (11,968)
Increase in accrued interest receivable (5,422) (1,449)
Decrease in prepaid expenses 2,243 838
Decrease in accrued interest payable 1,121 1,104
Capitalization of servicing rights (4,404) (5,993)
Valuation allowance on servicing rights (12) (29)
Loss on sales/valuations of assets, net 2,243 1,642
Net excess tax benefit from stock based compensation 672 1,121
Other, net (1,979) (5,637)
NET CASH PROVIDED BY OPERATING ACTIVITIES 167,073 129,857
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of time deposits in other financial institutions (1,000) 0
Proceeds from the sale of securities available for sale 694,872 1,127,091
Proceeds from the redemption of time deposits in other financial institutions 8,767 12,171
Proceeds from the maturity of and principal paydowns on securities available for sale 172,702 161,827
Proceeds from the maturity of and principal paydowns on securities held to maturity 13,169 6,645
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions 5,829 24,931
Proceeds from the maturity of and principal paydowns on other investments 2,038 2,574
Purchase of securities available for sale (940,607) (1,299,492)
Purchase of other investments (2,411) (1,012)
Net (increase) decrease in loans (13,737) 45,139
Purchase of bank owned life insurance policies (2,000) (2,000)
Proceeds from sale of mortgage servicing rights 0 5,137
Capital expenditures (11,793) (6,876)
Net cash and cash equivalents received in acquisitions 212,197 71,089
Proceeds from the sale of equipment 998 1,845
Proceeds on sale of OREO and other repossessed assets 3,128 7,578
NET CASH PROVIDED BY INVESTING ACTIVITIES 142,152 156,647
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand deposits 156,497 181,206
Net increase (decrease) in savings deposits 130,704 (179,721)
Net decrease in time deposit accounts (122,795) (8,582)
Proceeds on short-term revolving credit line 25,000 20,000
Repayments on short-term revolving credit line (25,000) (15,000)
Net decrease in short-term borrowings (183,552) (168,667)
Proceeds from short term FHLB advances 355,602 186,039
Repayments of short term FHLB advances (365,602) (191,405)
Proceeds from other borrowings 30,131 0
Repayments of other borrowings (56,221) (8,573)
Purchase of treasury stock (97) (440)
Proceeds from issuance of common stock 286 804
Dividends paid (12,806) (9,153)
NET CASH USED BY FINANCING ACTIVITIES (67,853) (193,492)
Net increase in cash and cash equivalents 241,372 93,012
Cash and cash equivalents at beginning of year 196,003 158,724
CASH AND CASH EQUIVALENTS AT END OF PERIOD 437,375 251,736
Supplemental disclosures:    
Cash paid for income/franchise taxes 14,754 10,775
Cash paid for interest 34,725 23,034
Loans transferred to OREO 5,016 4,955
Transfer of premises from premises, furniture and equipment, net, to premises, furniture and equipment held for sale 3,415 0
Deposits transferred to held for sale 50,312 0
Loans transferred to held for sale 31,379 0
Purchases of securities available for sale, accrued, not settled 3,481 2,063
Sales of securities available for sale, accrued, not settled 0 125
Conversion of convertible debt to common stock 0 558
Conversion of Series D preferred stock to common stock 938 419
Stock consideration granted for acquisitions $ 238,075 $ 175,196