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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 135,809 $ 118,056
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 18,408 18,593
Stock-based compensation 9,563 7,382
Provision for credit losses 7,742 8,069
Net amortization of premiums and accretion of discounts on securities and borrowings 17,476 14,152
Amortization of other intangible assets 7,596 8,452
Gains on securities transactions, net (5) (258)
Proceeds from sales of loans held for sale 484,102 337,069
Gains on sales of loans, net (14,439) (9,723)
Originations of loans held for sale (201,393) (342,989)
Losses (gains) on sales of assets, net 359 (1,009)
Net change in    
Fair value of borrowings hedged by derivative transactions 0 6,646
Cash surrender value of bank owned life insurance (5,705) (5,464)
Accrued interest receivable (5,247) (261)
Other assets (7,052) (1,029)
Accrued expenses and other liabilities (17,465) (9,888)
Net cash provided by operating activities 429,749 147,798
Cash flows from investing activities    
Net loan originations and purchases (1,200,913) (776,662)
Investment securities held to maturity    
Purchases (127,318) (502,833)
Maturities, calls and principal repayments 219,967 243,764
Investment securities available for sale    
Purchases (293,788) (557,978)
Sales 0 2,081
Maturities, calls and principal repayments 144,221 800,967
Death benefit proceeds from bank owned life insurance 10,661 2,406
Proceeds from sales of real estate property and equipment 7,717 18,243
Purchases of real estate property and equipment (13,341) (17,155)
Net cash used in investing activities (1,252,794) (787,167)
Cash flows from financing activities    
Net change in deposits (417,942) 718,632
Net change in short-term borrowings 401,749 356,365
Proceeds from issuance of long-term borrowings, net 965,000 385,000
Repayments of long-term borrowings (185,000) (749,000)
Proceeds from issuance of preferred stock, net 98,101 0
Cash dividends paid to preferred shareholders (6,277) (5,391)
Cash dividends paid to common shareholders (84,143) (83,821)
Purchase of common shares to treasury (2,284) (1,700)
Common stock issued, net 5,166 4,610
Net cash provided by financing activities 774,370 624,695
Net change in cash and cash equivalents (48,675) (14,674)
Cash and cash equivalents at beginning of year 392,501 413,800
Cash and cash equivalents at end of period 343,826 399,126
Cash payments for    
Interest on deposits and borrowings 125,433 115,253
Federal and state income taxes 27,003 24,464
Supplemental schedule of non-cash investing activities    
Transfer of loans to other real estate owned 7,147 7,611
Transfer of loans to loans held for sale $ 225,541 $ 174,501