XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Cash flows from operating activities:      
Net earnings $ 112,604   $ 118,276
Depreciation and amortization 9,287   8,751
Amortization of net premiums on securities available-for-sale 4,142   8,432
Amortization of intangible assets 4,870 $ 4,986 6,346
Amortization of ROU assets 7,608   0
Provision for credit losses 4,000 12,000 4,000
Gain on sale of foreclosed assets (191)   0
Provision for losses on foreclosed assets 0   65
Gain on sale of loans and leases 0 0 (4,569)
Loss on sale of premises and equipment 3   7
Gain on sale of securities (2,161)   (6,311)
Unrealized loss (gain) on derivatives and foreign currencies, net 16   (605)
Earned stock compensation 5,808   7,199
Decrease in deferred income taxes, net 14,714   7,153
Decrease in other assets 37,434   38,208
Decrease in accrued interest payable and other liabilities (46,241)   (50,969)
Net cash provided by operating activities 151,893   135,983
Cash flows from investing activities:      
Net (increase) decrease in loans and leases (391,621)   382,590
Proceeds from sales of loans and leases 16,937   615,376
Proceeds from maturities and paydowns of securities available-for-sale 67,325   75,125
Proceeds from sales of securities available-for-sale 407,926   306,253
Purchases of securities available-for-sale (402,030)   (487,105)
Net redemptions of Federal Home Loan Bank stock 2,673   3,540
Proceeds from sales of foreclosed assets 2,236   28
Purchases of premises and equipment, net (5,625)   (3,997)
Net decrease in equipment leased to others under operating leases (6,709)   (1,241)
Net cash (used in) provided by investing activities (308,888)   890,569
Cash flows from financing activities:      
Net decrease in noninterest-bearing deposits (176,506)   (275,579)
Net increase (decrease) in interest-bearing deposits 591,932   (510,844)
Net increase in borrowings 109,973   107,942
Net decrease in subordinated debentures 0   (12,372)
Common stock repurchased and restricted stock surrendered (124,109)   (122,651)
Cash dividends paid (73,180)   (63,689)
Net cash provided by (used in) financing activities 328,110   (877,193)
Net increase in cash, cash equivalents, and restricted cash 171,115   149,359
Cash, cash equivalents, and restricted cash, beginning of period 385,767   398,437
Cash, cash equivalents, and restricted cash, end of period 556,882 $ 385,767 547,796
Supplemental disclosures of cash flow information:      
Cash paid for interest 46,197   17,515
Cash paid for income taxes 2,778   3,790
Loans transferred to foreclosed assets 37   0
Transfers from loans held for investment to loans held for sale $ 25,124   $ 0