XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 173,626 $ 163,569
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 4,700 7,400
Depreciation, amortization, and accretion, net 39,786 33,111
Deferred income taxes (176) (16,586)
Stock compensation 2,059  
Other, net 14 (1,143)
Originations of loans held for sale   (144,763)
Proceeds from sales of loans held for sale   147,297
Net gains on sales of loans held for sale   (3,145)
Net gains on investment securities (25,761) (14,993)
Change in assets and liabilities:    
Net (increase) decrease in other assets (13,789) 540
Net decrease in other liabilities (1,367) (16,301)
Net cash provided by operating activities 179,092 154,986
Available-for-sale securities:    
Proceeds from maturities and principal repayments 893,184 1,043,957
Proceeds from sales 533,687 1,814,993
Purchases (2,673,977) (2,538,223)
Other investments:    
Proceeds from sales 17,636 32,549
Purchases (17,959) (24,764)
Net increase in loans and leases resulting from originations and principal repayments (676,234) (434,748)
Proceeds from bank owned life insurance 5,777  
Purchases of premises, equipment, and software (11,179) (13,981)
Proceeds from sales of premises and equipment 63 714
Proceeds from sales of other real estate owned 407 5,534
Other 50 165
Net cash used in investing activities (1,928,545) (113,804)
Cash flows from financing activities    
Net increase in deposits 903,603 757,180
Net decrease in short-term borrowings (207,000) (82,000)
Dividends paid (57,891)  
Repayment of long-term debt (10) (10)
Distributions paid (363,624) (112,680)
Net cash provided by financing activities 275,078 562,490
Net (decrease) increase in cash and cash equivalents (1,474,375) 603,672
Cash and cash equivalents at beginning of period 2,650,195 1,261,453
Cash and cash equivalents at end of period 1,175,820 1,865,125
Supplemental disclosures    
Interest paid 19,034 16,490
Income taxes paid, net of income tax refunds 152,950 102,556
Noncash investing and financing activities:    
Transfers from loans and leases to other real estate owned 1,056 2,261
Transfers from loans held for sale to loans and leases   $ 2,293
Derivative liability entered into in connection with sale of investment securities $ 8,828