XML 29 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities:    
Net Income $ 39,346 $ 31,846
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 13,500 20,900
Gains on sales of loans (6,439) (3,373)
Proceeds from sales of loans 235,010 150,299
Loans originated for sale (224,828) (141,659)
Net gains on sales of other real estate and repossessed assets (1,498) (974)
Depreciation of premises and equipment 6,052 6,026
Amortization of intangible assets 2,935 2,700
Net amortization of premiums and discounts on investment securities 3,774 2,809
Share-based compensation expense 1,305 702
Contributions to defined benefit pension plan (12,000) 0
Net decrease in interest receivable and other assets 12,690 6,227
Net decrease in interest payable and other liabilities (5,673) (3,371)
Net cash provided by operating activities 64,174 72,132
Investment securities-available-for-sale:    
Proceeds from maturities, calls and principal reductions 189,681 269,373
Purchases (170,667) (303,760)
Investment securities-held-to-maturity:    
Proceeds from maturities, calls and principal reductions 43,578 43,854
Purchases (81,734) (64,793)
Proceeds from redemption of nonmarketable equity securities 0 1,561
Net increase in loans (216,285) (114,810)
Proceeds from sales of other real estate and repossessed assets 18,787 12,801
Purchases of premises and equipment and branch bank property, net (7,851) (5,288)
Net cash used in investing activities (224,491) (161,062)
Cash Flows From Financing Activities:    
Net increase in interest- and noninterest-bearing demand deposits and savings accounts 333,771 204,092
Net decrease in time deposits (101,756) (55,271)
Net increase in short-term borrowings 7,685 59,595
Repayment of FHLB advances (5,820) (28,139)
Cash dividends paid (16,786) (16,473)
Proceeds from directors’ stock plans and exercise of stock options 251 245
Shares issued, net of shares withheld, for restricted stock performance units (248) 0
Net cash provided by financing activities 217,097 164,049
Net increase in cash and cash equivalents 56,780 75,119
Cash and cash equivalents at beginning of period 381,940 536,165
Cash and Cash Equivalents at End of Period 438,720 611,284
Supplemental Disclosure of Cash Flow Information:    
Interest paid 18,625 24,804
Loans transferred to other real estate and repossessed assets 11,272 14,329
Federal income taxes paid (refunded) $ 5,339 $ 2,952