XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Interest and dividends received $ 223,172 $ 208,995
Service charges and other fees received 26,769 23,185
Interest paid (6,279) (6,089)
Net cash paid to vendors, employees and others (82,411) (95,870)
Income taxes (53,278) (31,495)
Payments to FDIC, loss share agreement (498) (510)
Net cash provided by operating activities 107,475 98,216
Cash Flows from Investing Activities    
Proceeds from redemption of FHLB stock 1,952 1,423
Net change in interest-earning balances from depository institutions 27,806 11,849
Proceeds from sale of investment securities held-for-sale 5,403 1,957
Proceeds from repayment of investment securities available-for-sale 320,599 325,912
Proceeds from maturity of investment securities available-for-sale 20,937 81,209
Purchases of investment securities available-for-sale (280,365) (208,563)
Proceeds from repayment and maturity of investment securities held-to-maturity 96,447 231,355
Purchases of investment securities held-to-maturity (36,166) (261,457)
Net increase in loan and lease finance receivables (29,713) (109,046)
Proceeds from sale of loans 0 6,417
Proceeds from sale of asset held-for-sale 4,012 0
Purchase of premises and equipment (3,129) (2,343)
Proceeds from sales of other real estate owned 0 1,846
Cash used in sale of branch, net 0 (8,217)
Cash acquired from acquisition, net of cash paid 28,325 (7,504)
Net cash provided by investing activities 156,108 64,838
Cash Flows from Financing Activities    
Net (decrease) increase in other deposits (23,896) 508,916
Net decrease in time deposits (39,485) (319,877)
Repayment of FHLB advances 0 (5,000)
Net increase (decrease) in other borrowings 10,000 (46,000)
Net decrease in customer repurchase agreements (147,959) (112,293)
Cash dividends on common stock (41,626) (38,652)
Repurchase of common stock (997) (496)
Proceeds from exercise of stock options 2,537 3,174
Tax benefit related to exercise of stock options 0 236
Net cash used in financing activities (241,426) (9,992)
Net increase in cash and cash equivalents 22,157 153,062
Cash and cash equivalents, beginning of period 121,633 106,097
Cash and cash equivalents, end of period 143,790 259,159
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net earnings 86,560 74,353
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of loans 0 (1,101)
Gain on sale of branch 0 (272)
Gain on sale of investment securities (402) (548)
Gain on sale of other real estate owned 0 (30)
Increase in bank owned life insurance (1,763) (3,117)
Net amortization of premiums and discounts on investment securities 13,585 15,422
Accretion of PCI discount (756) (2,112)
Recapture of provision for loan losses (7,000) (2,000)
Valuation adjustment on other real estate owned 0 337
Payments to FDIC, loss share agreement (498) (510)
Stock-based compensation 2,200 2,154
Depreciation and amortization, net (433) 3,128
Change in other assets and liabilities 15,982 12,512
Total adjustments 20,915 23,863
Net cash provided by operating activities 107,475 98,216
Supplemental Disclosure of Non-cash Investing Activities    
Securities purchased and not settled 1,625 43,111
Issuance of common stock for acquisition $ 37,637 $ 21,642