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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 26,132 $ 40,343
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 11,759 11,725
Provision for credit losses 11,768 8,136
Deferred tax expense 255 3,217
Net securities (gains) losses (71) 9
Tax benefit of stock-based compensation (277) (681)
Loans originated for sale (95,503) (71,499)
Loans sold 94,765 74,870
Gain on sale of loans (2,164) (1,813)
Net change in:    
Interest receivable (109) (1,704)
Interest payable 1,301 (178)
Bank owned life insurance (1,850) (1,323)
Other, net 47,865 5,187
Net cash flows provided by operating activities 93,871 66,289
Investing Activities    
Net change in loans and leases (122,982) (167,685)
Securities available for sale:    
Purchases (510,271) (90,156)
Sales 615,199 33,228
Maturities 170,266 66,275
Securities held to maturity:    
Purchases (217,574) (130,506)
Sales   69,394
Maturities 77,369  
Purchase of bank owned life insurance (64) (8)
Increase in premises and equipment (13,878) (6,199)
Net cash received in business combinations 46,854  
Net cash flows provided by (used in) investing activities 44,919 (225,657)
Financing Activities    
Demand (non-interest bearing and interest bearing) and savings accounts 411,857 445,685
Time deposits 28,558 (20,779)
Short-term borrowings (687,409) (301,158)
Increase in long-term borrowings 42,371 6,598
Decrease in long-term borrowings (51,546) (6,579)
Net proceeds from issuance of common stock 1,232 4,775
Tax benefit of stock-based compensation 277 681
Cash dividends paid:    
Preferred stock (2,010) (2,010)
Common stock (25,294) (20,992)
Net cash flows (used in) provided by financing activities (281,964) 106,221
Net Decrease in Cash and Cash Equivalents (143,174) (53,147)
Cash and cash equivalents at beginning of period 489,119 287,393
Cash and Cash Equivalents at End of Period $ 345,945 $ 234,246