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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income $ 238,206 $ 190,830 $ 95,725
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 26,719 23,773 22,183
Amortization of other intangible assets 16,911 14,442 11,841
Amortization of tax credit investments 2,749 22,949 11,733
Net premium amortization on investment securities 19,210 14,384 15,302
Accretion income related to acquired loans (42,772) (40,598) (40,576)
Share-based compensation expense 7,993 8,118 6,275
Excess tax (benefit) expense on share-based compensation (1,069) 401 79
Provision for loan losses 4,747 6,966 3,050
Net debt securities (gains) losses (1,923) (2,060) (9,135)
Net gain on branch divestitures   (13,989)  
Net (gains) losses on sales of loans and other assets (7,370) (2,290) (6,421)
Increase in cash surrender value of company-owned life insurance (11,539) (10,584) (8,654)
Residential real estate loans originated for sale (854,848) (501,999) (452,604)
Proceeds from sales of residential real estate loans 834,024 514,891 535,271
(Increase) decrease in interest receivable 4,340 2,038 151
(Increase) decrease in other assets 23,322 8,578 55,802
Increase (decrease) in accrued expenses and other liabilities (24,944) (1,443) 10,061
Net cash flows provided by (used in) operating activities 233,756 234,407 250,083
Cash Flows From Investing Activities      
Cash received (paid) from acquisitions, net   60,759 2,564
Payments related to branch divestitures   (210,659)  
Purchases of investment securities available-for-sale (2,366,089) (663,338) (874,555)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (21,142) (23,066) (17,979)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 1,175,272 419,270 438,818
Proceeds from sales of investment securities available-for-sale 424,140 139,364 342,233
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 115,648 55,520 57,682
Proceeds from sales of investment securities held-to-maturity 9,921    
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 23 2,409 6,594
Proceeds from sales of equity securities 130 128 127
Proceeds from sale of student loan portfolio   70,674  
Loan originations and payments, net 163,551 (102,928) (475,519)
Proceeds from company-owned life insurance death benefits 6,796 6,501 2,347
Proceeds from sale of premises and equipment and other assets 3,769 7,341 18,592
Purchases of premises and equipment and other assets (37,423) (33,391) (37,303)
Net cash flows provided by (used in) investing activities (525,404) (271,416) (536,399)
Cash Flows From Financing Activities      
Deposits 203,448 261,551 85,062
Federal funds purchased and interbank borrowings 80,279 (64,898) 76,430
Securities sold under agreements to repurchase (34,512) (41,997) (5,207)
Other borrowings (4,377) (1,505) (20,056)
Payments for maturities of Federal Home Loan Bank advances (377,978) (1,001,888) (947,694)
Proceeds from Federal Home Loan Bank advances 575,000 995,000 1,205,000
Cash dividends paid on common stock (89,474) (82,161) (72,604)
Common stock repurchased (102,413) (1,805) (2,761)
Proceeds from exercise of stock options 280 948 2,655
Common stock issued 567 497 404
Net cash flows provided by (used in) financing activities 250,820 63,742 321,229
Net increase (decrease) in cash and cash equivalents (40,828) 26,733 34,913
Cash and cash equivalents at beginning of period 317,165 290,432 255,519
Cash and cash equivalents at end of period $ 276,337 $ 317,165 $ 290,432