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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Income from continuing operations $ 110,101 $ 98,518
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 39,250 15,500
Depreciation and amortization 12,230 10,583
Bank owned life insurance (BOLI) income (1,444) (1,547)
Stock-based compensation expense (9,286) (11,690)
Excess tax expense from stock-based compensation arrangements (1,134) (2,534)
Net increase in loans held for sale, including proceeds from sales and repayments (1,062) 0
(Gain) loss on sale of assets 134 (821)
Changes in operating assets and liabilities:    
Accrued interest receivable and other assets (77,873) (13,762)
Accrued interest payable and other liabilities 2,339 (1,166)
Net cash provided by operating activities 91,827 116,461
Investing activities    
Maturities and calls of available-for-sale securities 2,430 11,150
Principal payments received on available-for-sale securities 6,677 7,712
Originations of mortgage finance loans (66,786,322) (40,244,845)
Proceeds from pay-offs of mortgage finance loans 66,575,657 39,254,648
Net increase in loans held for investment, excluding mortgage finance loans (1,417,605) (1,206,606)
Purchase (disposal) of premises and equipment, net (3,729) (9,110)
Proceeds from sale of foreclosed assets 1,430 5,823
Net cash used in investing activities (1,621,462) (2,181,228)
Financing activities    
Net increase in deposits 2,492,045 2,458,429
Net expense from issuance of stock related to stock-based awards (948) (2,074)
Net proceeds from issuance of common stock 0 106,548
Preferred dividends paid (7,313) (7,313)
Net increase (decrease) in other borrowings 149,995 (397,462)
Excess tax benefits from stock-based compensation arrangements 1,134 2,534
Net increase in Federal funds purchased and repurchase agreements 11,158 107,521
Net proceeds from issuance of subordinated notes 0 172,375
Net cash provided by financing activities 2,646,071 2,440,558
Net increase in cash and cash equivalents 1,116,436 375,791
Cash and cash equivalents at beginning of period 1,330,514 153,911
Cash and cash equivalents at end of period 2,446,950 529,702
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 35,849 26,172
Cash paid during the period for income taxes 70,208 51,722
Transfers from loans/leases to OREO and other repossessed assets $ 1,177 $ 851