XML 75 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 69,355 $ 57,731
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 16,290 15,446
Provision for loan losses 17,411 15,444
Deferred tax (benefit) expenses (2,454) 3,936
Net securities gains (10,237) (752)
Tax benefit of stock-based compensation (1,505) (1,247)
Loans originated for sale (51,761) (139,894)
Loans sold 58,659 150,074
Gain on sale of loans (2,465) (2,043)
Net change in:    
Interest receivable 40 (1,207)
Interest payable (1,292) (2,160)
Trading securities 203,178 88,052
Bank owned life insurance (3,375) (899)
Other, net 8,705 18,370
Net cash flows provided by operating activities 300,549 200,851
Investing Activities    
Net change in loans (538,144) (262,589)
Securities available for sale:    
Purchases (526,470) (211,531)
Sales 150,055 21,919
Maturities 172,295 188,782
Securities held to maturity:    
Purchases (325,989) (235,392)
Sales   17,429
Maturities 95,152 172,586
Purchase of bank owned life insurance (4,448) (10,022)
Withdrawal/surrender of bank owned life insurance 715  
Increase in premises and equipment (8,021) (1,853)
Net cash received in business combinations 27,058 41,986
Net cash flows used in investing activities (957,797) (278,685)
Financing Activities    
Demand (non-interest bearing and interest bearing) and savings accounts 451,460 390,867
Time deposits (122,075) (173,154)
Short-term borrowings 263,271 (66,920)
Increase in long-term debt 216,736 20,826
Decrease in long-term debt (24,809) (56,479)
Decrease in junior subordinated debt (34,022) (15,000)
Net proceeds from issuance of common stock 6,376 1,973
Tax benefit of stock-based compensation 1,505 1,247
Cash dividends paid:    
Preferred stock (4,332)  
Common stock (40,123) (34,468)
Net cash flows provided by financing activities 713,987 68,892
Net Increase (Decrease) in Cash and Cash Equivalents 56,739 (8,942)
Cash and cash equivalents at beginning of period 213,981 239,044
Cash and Cash Equivalents at End of Period $ 270,720 $ 230,102