XML 48 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 46,401 $ 44,564
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses (524) 12,915
Depreciation and amortization 9,465 11,057
Stock-based compensation expense 2,892 3,049
Pension (income) expense (853) 5,309
Net amortization of premiums/accretion of discounts on investment securities 5,523 11,327
Gains on sales of investment securities (50) (1,724)
Originations of loans held for sale (93,561) (126,881)
Net gains from sales of loans held for sale (2,793) (2,546)
Proceeds from sales of loans held for sale 85,977 131,979
Deferred income taxes (20,137) (5,621)
Increase in interest receivable (2,849) (462)
Increase in cash surrender value of life insurance (4,608) (3,781)
Increase in prepaid expenses (2,303) (2,688)
Decrease in indemnification asset (20,931) (41,475)
Decrease in accrued expenses (5,515) (6,013)
Decrease in interest payable (72) (418)
Other 5,917 13,699
Net cash provided by operating activities 43,841 125,240
Investing activities    
Proceeds from sales of securities available-for-sale 92,573 92,684
Proceeds from calls, paydowns and maturities of securities available-for-sale 75,691 160,460
Purchases of securities available-for-sale (142,307) (109,816)
Proceeds from calls, paydowns and maturities of securities held-to-maturity 74,392 134,089
Purchases of securities held-to-maturity 140,426 13,476
Net decrease in interest-bearing deposits with other banks 3,465 13,927
Net increase in loans and leases - excluding covered loans (343,050) (261,546)
Net decrease in covered assets 116,701 180,074
Proceeds from disposal of other real estate owned 28,713 23,590
Purchases of premises and equipment (7,591) (6,017)
Cash acquired from business combinations 34,300 0
Net cash (used in) provided by investing activities (207,539) 213,969
Financing activities    
Net increase (decrease) in total deposits 126,905 (226,833)
Net increase (decrease) in short-term borrowings 95,663 (898)
Payments on long-term borrowings (28,930) (14,093)
Cash dividends paid on common stock (25,717) (45,983)
Treasury stock purchase (697) (8,339)
Proceeds from exercise of stock options 65 0
Excess tax benefit on share-based compensation 149 133
Net cash provided by (used in) financing activities 167,438 (296,013)
Cash and due from banks:    
Net increase in cash and due from banks 3,740 43,196
Cash and due from banks at beginning of period 117,620 134,502
Cash and due from banks at end of period 121,360 177,698
Supplemental schedule for investing activities    
Assets acquired, net of purchase considerations 630,451 0
Liabilities assumed 672,859 0
Goodwill $ 42,408 $ 0