XML 25 R9.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 159,649 $ 144,050 $ 117,804
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion 43,949 40,119 30,768
Provision for credit losses 40,441 38,648 31,090
Deferred tax expense 550 44,113 15,291
Net securities gains (822) (11,717) (808)
Other-than-temporary impairment losses on securities     27
Tax benefit of stock-based compensation (28) (2,714) (1,326)
Loans originated for sale (445,558) (162,010) (219,324)
Loans sold 455,623 168,533 243,782
Gain on sale of loans (8,666) (5,565) (3,845)
Net change in:      
Interest receivable (4,688) (2,211) (1,675)
Interest payable 760 (875) (2,173)
Securities classified as trading in business combination and sold   241,595 125,800
Bank owned life insurance (6,397) (10,401) (3,598)
Other, net (11,333) (34,746) 14,280
Net cash flows provided by operating activities 223,480 446,819 346,093
Investing Activities      
Net increase in loans and leases (985,999) (1,192,618) (643,568)
Securities available for sale:      
Purchases (421,901) (829,800) (375,222)
Sales 33,499 175,872 22,047
Maturities 284,483 303,875 345,528
Securities held to maturity:      
Purchases (465,597) (475,579) (373,136)
Sales   4,570 17,428
Maturities 277,967 213,730 285,765
Purchase of bank owned life insurance (72,688) (16) (10,016)
Withdrawal/surrender of bank owned life insurance 72,664 21,968  
Increase in premises and equipment (9,723) (20,238) (14,882)
Net cash received in business combinations 144,629 59,980 141,637
Net cash flows used in investing activities (1,142,666) (1,738,256) (604,419)
Financing Activities      
Demand (non-interest-bearing and interest-bearing) and savings accounts 1,259,765 652,808 458,153
Time deposits (166,283) (292,026) (312,242)
Short-term borrowings 7,238 789,318 143,703
Increase of long-term borrowings 134,953 385,656 92,583
Repayment of long-term borrowings (34,968) (96,906) (247,988)
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 financing activities 1,120,912 1,364,849 233,263
Net Increase (Decrease) in Cash and Cash Equivalents 201,726 73,412 (25,063)
Cash and cash equivalents at beginning of year 287,393 213,981 239,044
Cash and Cash Equivalents at End of Year $ 489,119 $ 287,393 $ 213,981