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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 70,170 $ 47,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 6,256 4,050
Gains on sales of loans (1,508) (6,120)
Proceeds from sales of loans 190,435 191,531
Loans originated for sale (165,823) (142,704)
Net gains on sale of investment securities 0 (90)
Net gains from sales/writedowns of other real estate and repossessed assets (71) (700)
Depreciation of premises and equipment 4,129 4,521
Amortization of intangible assets 1,438 1,513
Additions to loan servicing rights (1,967) (1,753)
Valuation change in loan servicing rights (3,029) 1,125
Net amortization of premiums and discounts on investment securities 4,298 4,129
Share-based compensation expense 1,652 3,734
Deferred income tax (benefit) expense (1,638) 17,948
Change in deferred tax valuation allowance (49) 0
Net decrease (increase) in interest receivable and other assets 12,856 (29,773)
Net decrease in interest payable and other liabilities (9,060) (19,282)
Net cash provided by operating activities 108,089 75,733
Debt securities – available-for-sale:    
Proceeds from maturities, calls and principal reductions 66,526 60,885
Purchases (431,670) (102,702)
Investment securities – held-to-maturity:    
Proceeds from maturities, calls and principal reductions 8,744 9,408
Purchases (8,835) (33,628)
Net increase in loans (71,952) (290,438)
Proceeds from sales of other real estate and repossessed assets 3,351 5,734
Purchases of premises and equipment, net of disposals (3,484) (2,272)
Proceeds from returns of investment in equity method investments 266 113
Net cash used in investing activities (437,054) (352,900)
Cash flows from financing activities    
Net increase in interest- and noninterest-bearing demand deposits and savings accounts 182,108 350,763
Net increase (decrease) in time deposits 142,906 (91,538)
Net increase in collateralized customer deposits and other short-term borrowings 124,871 130,863
Repayment of long-term borrowings 0 (107,000)
Cash dividends paid (20,075) (19,271)
Proceeds from directors’ stock plans and exercise of stock options, net of shares withheld 952 1,578
Cash paid for payroll taxes upon conversion of share-based awards (4,295) (20,850)
Net cash provided by financing activities 426,467 244,545
Net increase (decrease) in cash and cash equivalents 97,502 (32,622)
Cash and cash equivalents at beginning of period 455,991 474,402
Cash and cash equivalents at end of period 553,493 441,780
Supplemental disclosures of cash flow information:    
Interest paid 25,038 12,989
Income tax refunds, net of income taxes paid (441) (24,397)
Non-cash activities:    
Loans transferred to other real estate and repossessed assets 2,484 4,281
Net transfer of loans held-for-sale to loans held- for-investment $ (2,607) $ 0