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Condensed 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 $ 235,952 $ 167,062
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 15,485 22,526
(Loss) gain on sale of investment securities, net 14 27
Gain on sale of other real estate owned, net (324) (620)
Valuation adjustment on other real estate owned 66 146
Provision for loan and lease losses 38,686 34,326
Change in cash surrender value of bank owned life insurance (6,281) (6,272)
Depreciation, amortization and accretion 40,015 43,628
(Gain) loss on sale of premises and equipment (2,365) 1,127
Gain on store divestiture (1,157) 0
Additions to residential mortgage servicing rights carried at fair value (22,012) (23,486)
Change in fair value of residential mortgage servicing rights carried at fair value 125 25,234
Gain on redemption of junior subordinated debentures at amortized cost (1,043) 0
Change in junior subordinated debentures carried at fair value 0 4,666
Stock-based compensation 5,519 6,688
Net increase in equity and other investments (123) (955)
Unrealized holding losses on equity securities (1,894) 0
Gain on sale of loans, net (59,485) (104,956)
Change in fair value of loans held for sale 1,103 (7,210)
Origination of loans held for sale (2,283,639) (2,563,978)
Proceeds from sales of loans held for sale 2,306,652 2,631,668
Change in other assets and liabilities:    
Net decrease in other assets 6,167 47,757
Net increase (decrease) in other liabilities 43,380 (26,807)
Net cash provided by operating activities 318,601 250,517
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (283,948) (783,430)
Proceeds from investment securities available for sale 341,680 437,007
Proceeds from investment securities held to maturity 385 392
Purchases of restricted equity securities (45,601) (243,171)
Redemption of restricted equity securities 48,840 243,190
Net change in loans and leases (991,726) (1,409,901)
Proceeds from sales of loans 119,783 220,235
Change in premises and equipment (5,686) (14,131)
Proceeds from bank owned life insurance death benefits 1,481 373
Proceeds from sales of other real estate owned 2,805 5,825
Net cash paid in store divestiture (35,219) 0
Net cash used in investing activities (847,206) (1,543,611)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 981,648 831,811
Net decrease in securities sold under agreements to repurchase (7,324) (31,406)
Proceeds from term debt borrowings 50,000 205,000
Repayment of term debt borrowings (100,652) (205,000)
Repayment of junior subordinated debentures at amortized cost (10,598) 0
Dividends paid on common stock (127,662) (105,748)
Proceeds from stock options exercised 1,065 548
Repurchase and retirement of common stock (12,893) (5,977)
Net cash provided by financing activities 773,584 689,228
Net increase (decrease) in cash and cash equivalents 244,979 (603,866)
Cash and cash equivalents, beginning of period 634,280 1,449,432
Cash and cash equivalents, end of period 879,259 845,566
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 83,255 58,191
Income taxes 49,475 25,668
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Change in unrealized gains on investment securities available for sale, net of taxes (56,219) 13,819
Change in unrealized gains on junior subordinated debentures carried at fair value, net of taxes (4,174) 0
Junior subordinated debentures, at fair value, cumulative effect adjustment 9,710 0
Cash dividend declared on common stock and payable after period-end 46,253 39,649
Change in GNMA mortgage loans recognized due to repurchase option (4,407) 1,445
Transfer of loans to other real estate owned 2,587 2,851
Real Estate Owned, Transfer from Real Estate Owned $ 0 $ 78