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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 41,965 $ 46,095
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,247 6,260
Stock-based compensation 7,395 4,127
Provision for credit losses 10,948 2,470
Net amortization of premiums and accretion of discounts on securities and borrowings 8,495 6,043
Amortization of other intangible assets 4,293 2,536
Losses on securities transactions, net 765 23
Proceeds from sales of loans held for sale 237,360 161,325
Gains on sales of loans, net (6,753) (4,128)
Originations of loans held for sale (227,660) (112,682)
Losses on sales of assets, net 97 34
Net change in    
Fair value of borrowings hedged by derivative transactions 0 (454)
Cash surrender value of bank owned life insurance (1,763) (2,463)
Accrued interest receivable (691) (1,429)
Other assets 19,480 (7,103)
Accrued expenses and other liabilities (15,295) (35,145)
Net cash provided by operating activities 85,883 65,509
Cash flows from investing activities    
Net loan originations and purchases (475,346) (323,470)
Investment securities held to maturity    
Purchases (52,945) (52,160)
Maturities, calls and principal repayments 58,227 77,141
Investment securities available for sale    
Purchases (174,047) (207,402)
Sales 38,625 0
Maturities, calls and principal repayments 60,858 50,543
Death benefit proceeds from bank owned life insurance 560 1,998
Proceeds from sales of real estate property and equipment 7,378 4,970
Purchases of real estate property and equipment (4,260) (5,627)
Cash and cash equivalents acquired in acquisition 156,612 0
Net cash used in investing activities (384,338) (454,007)
Cash flows from financing activities    
Net change in deposits 241,541 (399,567)
Net change in short-term borrowings 219,809 564,004
Proceeds from issuance of long-term borrowings, net 0 200,000
Repayments of long-term borrowings (50,000) 0
Cash dividends paid to preferred shareholders (3,172) (1,797)
Cash dividends paid to common shareholders (29,611) (29,012)
Purchase of common shares to treasury (2,083) (2,151)
Common stock issued, net 2,521 1,246
Net cash provided by financing activities 379,005 332,723
Net change in cash and cash equivalents 80,550 (55,775)
Cash and cash equivalents at beginning of year 416,110 392,501
Cash and cash equivalents at end of period 496,660 336,726
Cash payments for    
Interest on deposits and borrowings 58,881 56,735
Federal and state income taxes 8,843 1,599
Supplemental schedule of non-cash investing activities    
Transfer of loans to other real estate owned 145 4,813
Transfer of loans to loans held for sale 0 103,884
Non-cash assets acquired:    
Loans 3,744,682 0
Premises and equipment 62,066 0
Bank owned life insurance 49,052 0
Accrued interest receivable 12,123 0
Goodwill 388,255 0
Other intangible assets 45,906 0
Other assets 98,134 0
Total non-cash assets acquired 4,922,820 0
Liabilities assumed:    
Deposits 3,564,843 0
Short-term borrowings 649,979 0
Long-term borrowings 87,283 0
Junior subordinated debentures issued to capital trusts 13,249 0
Accrued expenses and other liabilities 26,848 0
Total liabilities assumed 4,342,202 0
Net non-cash assets acquired 580,618 0
Common stock issued in acquisition 737,230 0
Held-to-maturity Securities    
Non-cash assets acquired:    
Investment securities 214,217 0
Available for Sale Securities    
Non-cash assets acquired:    
Investment securities $ 308,385 $ 0