XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 32,984,000 $ 35,862,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 9,134,000 2,377,000
Specific reserve, other real estate owned 47,000  
Depreciation of bank premises and equipment 6,180,000 6,226,000
Gain on sale of bank premises and equipment (22,000) (91,000)
Loss (gain) on sale of other real estate owned 40,000 (28,000)
Accretion of investment securities discounts (121,000) (444,000)
Amortization of investment securities premiums 6,132,000 7,217,000
Investment securities transactions, net 133,000 1,000
Impairment charges on available for sale securities 124,000 227,000
Amortization of identified intangible assets 32,000 119,000
Stock based compensation expense 285,000 292,000
Earnings from affiliates and other investments (3,223,000) (3,286,000)
Deferred tax expense (benefit) 1,250,000 (1,415,000)
Decrease in accrued interest receivable 2,022,000 1,134,000
Decrease in other assets 4,275,000 1,273,000
Decrease in other liabilities 7,100,000 17,319,000
Net cash provided by operating activities 66,372,000 66,783,000
Investing activities:    
Proceeds from maturities of securities   1,075,000
Proceeds from sales and calls of available for sale securities 38,661,000 6,290,000
Purchases of available for sale securities (319,660,000) (238,290,000)
Principal collected on mortgage-backed securities 180,342,000 201,856,000
Net increase in loans (159,000) (102,699,000)
Purchases of other investments (759,000) (550,000)
Distributions from other investments 4,162,000 343,000
Purchases of bank premises and equipment (4,941,000) (7,806,000)
Proceeds from sales of bank premises and equipment 1,354,000 744,000
Proceeds from sales of other real estate owned 22,000 3,831,000
Net cash used in investing activities (100,978,000) (135,206,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 27,029,000 108,597,000
Net increase in savings and interest bearing demand deposits 97,067,000 113,714,000
Net decrease in time deposits (46,616,000) (12,014,000)
Net (decrease) increase in securities sold under repurchase agreements (43,510,000) 15,055,000
Net decrease in other borrowed funds (6,100,000) (132,487,000)
Purchase of treasury stock (7,959,000) (1,245,000)
Proceeds from stock transactions 112,000 53,000
Net cash provided by financing activities 20,023,000 91,673,000
(Decrease) increase in cash and cash equivalents (14,583,000) 23,250,000
Cash and cash equivalents at beginning of period 273,053,000 255,146,000
Cash and cash equivalents at end of period 258,470,000 278,396,000
Supplemental cash flow information:    
Interest paid 11,132,000 11,549,000
Income taxes paid 100,000 50,000
Non-cash investing and financing activities:    
Dividends declared, not yet paid on common stock 19,123,000 19,258,000
Net transfer from loans to other real estate owned $ 1,161,000 $ 2,248,000