XML 71 R55.htm IDEA: XBRL DOCUMENT v3.3.1.900
Parent Company Financial Statements (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Consolidated Balance Sheet of Parent Company Only

Balance Sheets

December 31

   2015      2014  

Assets

     

Cash and cash equivalents

   $ 227,554       $ 129,320   

Securities available for sale

     1,168         1,228   

Other assets

     17,206         16,615   

Investment in bank subsidiary

     2,073,352         2,006,808   

Investments in and advances to non-bank subsidiaries

     260,341         254,653   
  

 

 

    

 

 

 

Total Assets

   $ 2,579,621       $ 2,408,624   
  

 

 

    

 

 

 

Liabilities

     

Other liabilities

   $ 26,831       $ 25,772   

Advances from affiliates

     289,540         292,337   

Long-term borrowings

     157,777         59,279   

Subordinated notes:

     

Short-term

     8,216         8,351   

Long-term

     1,075         1,429   
  

 

 

    

 

 

 

Total Liabilities

     483,439         387,168   

Stockholders’ Equity

     2,096,182         2,021,456   
  

 

 

    

 

 

 

Total Liabilities and Stockholders’ Equity

   $ 2,579,621       $ 2,408,624   
  

 

 

    

 

 

 
Statements of Income of Parent Company Only

Statements of Income

Year Ended December 31

   2015      2014     2013  

Income

       

Dividend income from subsidiaries:

       

Bank

   $ 87,580       $ 85,000      $ 77,153   

Non-bank

     7,863         9,900        5,950   
  

 

 

    

 

 

   

 

 

 
     95,443         94,900        83,103   

Interest income

     4,845         4,856        5,277   

Other income

     1,053         1,920        1,874   
  

 

 

    

 

 

   

 

 

 

Total Income

     101,341         101,676        90,254   
  

 

 

    

 

 

   

 

 

 

Expenses

       

Interest expense

     9,526         8,503        14,325   

Other expenses

     8,993         9,252        8,196   
  

 

 

    

 

 

   

 

 

 

Total Expenses

     18,519         17,755        22,521   
  

 

 

    

 

 

   

 

 

 

Income Before Taxes and Equity in Undistributed Income of Subsidiaries

     82,822         83,921        67,733   

Income tax benefit

     5,088         4,498        6,267   
  

 

 

    

 

 

   

 

 

 
     87,910         88,419        74,000   

Equity in undistributed income (loss) of subsidiaries:

       

Bank

     71,581         55,742        42,094   

Non-bank

     158         (111     1,710   
  

 

 

    

 

 

   

 

 

 

Net Income

   $ 159,649       $ 144,050      $ 117,804   
  

 

 

    

 

 

   

 

 

 
Statements of Cash Flows of Parent Company Only

Statements of Cash Flows

Year Ended December 31

   2015     2014     2013  

Operating Activities

      

Net income

   $ 159,649      $ 144,050      $ 117,804   

Adjustments to reconcile net income to net cash flows from operating activities:

      

Undistributed earnings from subsidiaries

     (71,739     (55,631     (43,804

Other, net

     680        (637     (6,218
  

 

 

   

 

 

   

 

 

 

Net cash flows provided by operating activities

     88,590        87,782        67,782   
  

 

 

   

 

 

   

 

 

 

Investing Activities

      

Proceeds from sale of securities available for sale

            934        128   

Net decrease in advances to subsidiaries

     3,285        2,018        1,080   

Net (increase) decrease in investment in subsidiaries

     (9,060     (2,877     1,845   

Net cash received (paid) in business combinations

            5,594        (3,533
  

 

 

   

 

 

   

 

 

 

Net cash flows (used in) provided by investing activities

     (5,775     5,669        (480
  

 

 

   

 

 

   

 

 

 

Financing Activities

      

Net decrease in advance from affiliate

     (2,797     (1,908     (854

Net (decrease) increase in short-term borrowings

     (135     (88     84   

Decrease in long-term debt

     (650     (34,865     (134,829

Increase in long-term debt

     98,794        821        499   

Net proceeds from issuance of preferred stock

                   106,882   

Net proceeds from issuance of common stock

     12,731        12,857        62,092   

Tax benefit of stock-based compensation

     28        2,714        1,326   

Cash dividends paid:

      

Preferred stock

     (8,041     (8,352       

Common stock

     (84,511     (81,220     (71,246
  

 

 

   

 

 

   

 

 

 

Net cash flows provided by (used in) financing activities

     15,419        (110,041     (36,046
  

 

 

   

 

 

   

 

 

 

Net Increase (Decrease) in Cash and Cash Equivalents

     98,234        (16,590     31,256   

Cash and cash equivalents at beginning of year

     129,320        145,910        114,654   
  

 

 

   

 

 

   

 

 

 

Cash and Cash Equivalents at End of Year

   $ 227,554      $ 129,320      $ 145,910   
  

 

 

   

 

 

   

 

 

 

Cash paid during the year for:

      

Interest

   $ 8,309      $ 9,112      $ 14,351