XML 26 R9.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 92,349 $ 82,064 $ 69,306
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 30,983 21,152 19,168
Depreciation of premises, furniture, and equipment 12,804 13,367 12,224
Net amortization of premium on securities 13,653 4,849 8,218
Net securities gains (1,420) (2,373) (8,097)
Gains on sales of 1-4 family mortgages and corporate loans held-for-sale (8,931) (6,847) (4,069)
Net losses on early extinguishment of debt 0 0 2,059
Net losses on sales and valuation adjustments of OREO 1,196 2,631 3,325
Amortization of the FDIC indemnification asset 1,185 1,461 3,315
Net (gains) losses on sales and valuation adjustments of premises, furniture, and equipment (4,762) 7,718 (3,277)
BOLI income (3,647) (4,185) (2,873)
Net pension (income) cost (513) 622 (959)
Share-based compensation expense [1] 7,879 7,242 5,926
Tax expense related to share-based compensation (685) (1,200) (106)
Provision for deferred income tax (benefit) expense (1,367) 16,897 16,215
Amortization of other intangible assets 4,682 3,920 2,889
Originations of mortgage loans held-for-sale (238,192) (158,699) (97,535)
Proceeds from sales of mortgage loans held-for-sale 246,642 158,791 96,006
Net (increase) decrease in trading securities (1,026) 566 (143)
Net (increase) decrease in accrued interest receivable and other assets (76,902) 10,023 (18,015)
Net increase (decrease) in accrued interest payable and other liabilities 47,118 (1,042) 22,367
Net cash provided by operating activities 121,046 156,957 125,944
Investing Activities      
Proceeds from maturities, repayments, and calls of securities available-for-sale 360,303 322,764 172,001
Proceeds from sales of securities available-for-sale 53,186 93,909 27,805
Purchases of securities available-for-sale (933,317) (509,481) (25,856)
Proceeds from maturities, repayments, and calls of securities held-to-maturity 8,077 4,645 4,675
Purchases of securities held-to-maturity (5,352) (1,242) (2,638)
Purchases of FHLB stock (18,276) (1,190) (427)
Net increase in loans (714,213) (399,807) (279,654)
Proceeds from claims on BOLI, net of premiums paid 1,588 1,082 (85)
Proceeds from sales of OREO 7,539 18,572 22,368
Proceeds from sales of premises, furniture, and equipment 152,863 1,230 3,906
Purchases of premises, furniture, and equipment (19,083) (11,269) (14,085)
Net cash received from (paid for) acquisitions 57,347 (16,047) 200,645
Net cash (used in) provided by investing activities (1,049,338) (496,834) 108,655
Financing Activities      
Net increase (decrease) in deposit accounts 135,944 118,167 (73,244)
Net increase (decrease) in borrowed funds 711,496 25,902 (1,288)
Purchase of treasury stock 0 (120) 0
Net proceeds from the issuance of subordinated debt 146,484 0 0
Payments for the retirement of senior and subordinated debt (153,500) 0 0
Payment for the termination of FHLB advances 0 0 (116,609)
Cash dividends paid (29,198) (27,036) (22,568)
Restricted stock activity (2,476) (2,890) (2,781)
Excess tax benefit related to share-based compensation 488 794 912
Net cash provided by (used in) financing activities 809,238 114,817 (215,578)
Net (decrease) increase in cash and cash equivalents (119,054) (225,060) 19,021
Cash and cash equivalents at beginning of year 381,202 606,262 587,241
Cash and cash equivalents at end of year 262,148 381,202 606,262
Supplemental Disclosures of Cash Flow Information:      
Income taxes paid 57,553 25,022 16,375
Interest paid to depositors and creditors 27,400 24,535 23,088
Dividends declared, but unpaid 7,243 7,250 6,222
Common stock issued for acquisitions, net of issuance costs 54,896 0 38,300
Non-cash transfers of loans to OREO 4,173 13,504 18,079
Non-cash transfers of loans held-for-investment to loans held-for-sale $ 93,981 $ 57,130 $ 76,446
[1] Comprised of restricted stock, restricted stock unit, and performance share awards expense.