XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Operating Activities    
Net Income $ 115,867 $ 86,430
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 25,000 10,500
Net accretion of premiums and discounts from acquisition (1,711) (1,255)
Depreciation and amortization 40,949 38,498
Deferred income tax expense (benefit) 911 (6,276)
Net (increase) decrease in trading securities (30,635) 10,505
Gains on sales of securities available for sale, net (8,509) (8,404)
Gains on sales of assets (136) (99)
Amortization of securities premiums, net of discount accretion 43,467 40,971
Originations of loans held for sale (71,726) (78,931)
Net gains on sales of loans held for sale (1,281) (1,131)
Proceeds from sales of loans held for sale 61,716 79,673
Equity-based compensation 8,682 9,489
Net tax benefit related to equity compensation plans (261) 732
Changes in:    
Accrued income (2,889) (4,811)
Accrued expenses and taxes 4,789 146
Other assets and liabilities, net (14,466) (2,582)
Net cash provided by operating activities 169,767 173,455
Investing Activities    
Proceeds from maturities of securities held to maturity 29,757 31,410
Proceeds from sales of securities available for sale 951,263 782,789
Proceeds from maturities of securities available for sale 1,300,372 925,017
Purchases of securities held to maturity (373,520) (341,773)
Purchases of securities available for sale (1,689,198) (1,293,123)
Net increase in loans (876,784) (604,895)
Net (increase) decrease in fed funds sold and resell agreements (71,264) 29,675
Net increase in interest bearing balances due from other financial institutions 65,203 40,586
Purchases of premises and equipment (38,950) (42,100)
Net cash activity from acquisitions   104,611
Proceeds from sales of premises and equipment 2,164 147
Increase in COLI/BOLI cash surrender value (7,095) (204,647)
Net cash used in investing activities (708,052) (572,303)
Financing Activities    
Net increase in demand and savings deposits 460,129 854,302
Net decrease in time deposits (173,783) (353,137)
Net increase (decrease) in fed funds purchased and repurchase agreements 203,061 (682,532)
Net decrease in short-term debt (5,000) (112,133)
Repayment of long-term debt (11,285) (10,597)
Payment of contingent consideration on acquisitions (3,031) (18,702)
Cash dividends paid (36,385) (34,104)
Proceeds from exercise of stock options and sales of treasury shares 10,250 5,494
Purchases of treasury stock (14,189) (6,173)
Net cash provided by (used in) financing activities 429,767 (357,582)
Decrease in cash and cash equivalents (108,518) (756,430)
Cash and cash equivalents at beginning of period 819,112 1,787,230
Cash and cash equivalents at end of period 710,594 1,030,800
Supplemental Disclosures:    
Income taxes paid 30,995 36,404
Total interest paid $ 20,555 12,769
Transactions related to bank acquisitions:    
Assets acquired   1,321,453
Liabilities assumed   $ 1,159,920