XML 22 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 63,110 $ 57,805
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 26,795 13,157
Depreciation of premises, furniture, and equipment 7,584 6,993
Net amortization of premium on securities 7,738 8,327
Net securities gains 0 (284)
Gains on sales of 1-4 family mortgages and corporate loans held-for-sale (3,134) (3,293)
Net losses on sales and valuation adjustments of OREO 493 1,520
Amortization of the FDIC indemnification asset 604 604
Net losses (gains) on sales and valuation adjustments of premises, furniture, and equipment 5,449 (391)
BOLI income (2,877) (2,671)
Share-based compensation expense 6,196 5,827
Tax benefit (expense) related to share-based compensation 158 (13)
Amortization of other intangible assets 3,596 4,128
Originations of mortgage loans held-for-sale (114,142) (111,066)
Proceeds from sales of mortgage loans held-for-sale 130,900 116,655
Net increase in equity securities (586) 0
Net increase in trading securities 0 (1,625)
Net decrease (increase) in accrued interest receivable and other assets 8,072 (7,481)
Net increase (decrease) in accrued interest payables and other liabilities 16,100 (6,933)
Net cash provided by operating activities 156,056 81,259
Investing Activities    
Proceeds from maturities, repayments, and calls of securities available-for-sale 154,136 158,946
Proceeds from sales of securities available-for-sale 0 241,137
Purchases of securities available-for-sale (462,071) (172,451)
Proceeds from maturities, repayments, and calls of securities held-to-maturity 718 4,948
Purchases of securities held-to-maturity 0 (10)
Net purchases of FHLB stock (13,070) (3,955)
Net increase in loans (479,514) (225,537)
Premiums paid on BOLI, net of proceeds from claims 113 (6)
Proceeds from sales of OREO 8,638 8,476
Proceeds from sales of premises, furniture, and equipment 150 7,056
Purchases of premises, furniture, and equipment (16,891) (6,619)
Net cash received from acquisitions 0 41,717
Net cash (used in) provided by investing activities (807,791) 53,702
Financing Activities    
Net increase in deposit accounts 438,938 147,243
Net increase (decrease) in borrowed funds 266,160 (239,675)
Cash dividends paid (21,619) (16,485)
Restricted stock activity (4,047) (3,840)
Net cash provided by (used in) financing activities 679,432 (112,757)
Net increase in cash and cash equivalents 27,697 22,204
Cash and cash equivalents at beginning of period 346,570 262,148
Cash and cash equivalents at end of period 374,267 284,352
Supplemental Disclosures of Cash Flow Information:    
Income taxes refunded (18,898) (958)
Interest paid to depositors and creditors 25,056 16,381
Dividends declared, but unpaid 11,248 9,165
Stock issued for acquisitions, net of issuance costs 0 534,090
Non-cash transfers of loans to OREO 1,172 1,982
Non-cash transfers of loans held-for-investment to loans held-for-sale 9,546 31,564
Non-cash transfer of trading securities and securities available-for-sale to equity securities $ 27,855 $ 0