XML 24 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 199,204 $ 170,891 $ 159,649
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion 88,797 60,503 43,949
Provision for credit losses 61,073 55,752 40,441
Deferred tax expense 128,983 15,250 550
Net securities gains (5,916) (712) (822)
Tax benefit of stock-based compensation (822) (1,813) (28)
Loans originated for sale (1,097,869) (713,087) (445,558)
Loans sold 1,046,762 716,705 455,623
Net gain on sale of loans (17,223) (10,746) (8,666)
Net change in:      
Interest receivable (18,143) (5,214) (4,688)
Interest payable 1,978 (150) 760
Bank owned life insurance (11,200) (5,373) (6,397)
Other, net (96,718) 10,702 (11,333)
Net cash flows provided by operating activities 278,906 292,708 223,480
Investing Activities      
Net change in loans and leases (1,100,481) (816,093) (985,999)
Securities available for sale:      
Purchases (1,141,620) (1,066,361) (421,901)
Sales 786,762 615,199 33,499
Maturities 569,949 543,923 284,483
Securities held to maturity:      
Purchases (1,185,859) (1,063,273) (465,597)
Sales 57,050 0 0
Maturities 394,823 357,111 277,967
Purchase of bank owned life insurance (50,124) (16,587) (72,688)
Withdrawal/surrender of bank owned life insurance 0 0 72,664
Increase in premises and equipment (56,874) (59,327) (9,723)
Net cash received in business combinations 196,964 245,762 144,629
Net cash flows used in investing activities (1,529,410) (1,259,646) (1,142,666)
Financing Activities      
Demand (non-interest-bearing and interest-bearing) and savings accounts 405,777 933,793 1,259,765
Time deposits 757,021 (119,734) (166,283)
Short-term borrowings 379,139 251,713 7,238
Proceeds from issuance of long-term borrowings 155,399 46,357 134,953
Repayment of long-term borrowings (199,318) (173,477) (34,968)
Net proceeds from issuance of common stock 11,181 18,472 12,731
Tax benefit of stock-based compensation 0 1,813 28
Cash dividends paid:      
Preferred stock (8,041) (8,041) (8,041)
Common stock (142,618) (101,670) (84,511)
Net cash flows provided by financing activities 1,358,540 849,226 1,120,912
Net Increase (Decrease) in Cash and Cash Equivalents 108,036 (117,712) 201,726
Cash and cash equivalents at beginning of year 371,407 489,119 287,393
Cash and Cash Equivalents at End of Year $ 479,443 $ 371,407 $ 489,119