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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 113,330 $ 41,965
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,798 7,247
Stock-based compensation 4,033 7,395
Provision for credit losses 8,000 10,948
Net amortization of premiums and accretion of discounts on securities and borrowings 7,560 8,495
Amortization of other intangible assets 4,311 4,293
Losses on securities transactions, net 32 765
Proceeds from sales of loans held for sale 196,165 237,360
Gains on sales of loans, net (4,576) (6,753)
Originations of loans held for sale (89,564) (227,660)
(Gains) losses on sales of assets, net (77,720) 97
Net change in:    
Cash surrender value of bank owned life insurance (1,887) (1,763)
Accrued interest receivable (5,426) (691)
Other assets (38,990) 19,480
Accrued expenses and other liabilities 65,212 (15,295)
Net cash provided by operating activities 193,278 85,883
Cash flows from investing activities:    
Net loan originations and purchases (493,689) (475,346)
Investment securities held to maturity:    
Purchases (77,670) (52,945)
Maturities, calls and principal repayments 68,165 58,227
Investment securities available for sale:    
Purchases 0 (174,047)
Sales 0 38,625
Maturities, calls and principal repayments 45,351 60,858
Death benefit proceeds from bank owned life insurance 644 560
Proceeds from sales of real estate property and equipment 101,916 7,378
Purchases of real estate property and equipment (3,817) (4,260)
Cash and cash equivalents acquired in acquisition 0 156,612
Net cash used in investing activities (359,100) (384,338)
Cash flows from financing activities:    
Net change in deposits 454,522 241,541
Net change in short-term borrowings (56,338) 219,809
Repayments of long-term borrowings (155,000) (50,000)
Cash dividends paid to preferred shareholders 0 (3,172)
Cash dividends paid to common shareholders (37,053) (29,611)
Purchase of common shares to treasury (1,367) (2,083)
Common stock issued, net (855) 2,521
Other, net (119) 0
Net cash provided by financing activities 203,790 379,005
Net change in cash and cash equivalents 37,968 80,550
Cash and cash equivalents at beginning of year 428,629 416,110
Cash and cash equivalents at end of period 466,597 496,660
Cash payments for:    
Interest on deposits and borrowings 93,405 58,881
Federal and state income taxes 3,204 8,843
Supplemental schedule of non-cash investing activities:    
Transfer of loans to other real estate owned 730 145
Transfer of loans to loans held for sale 99,976 150,522
Lease right of use assets obtained in exchange for operating lease liabilities 289,669  
Non-cash assets acquired:    
Loans 0 3,736,984
Premises and equipment 0 62,066
Bank owned life insurance 0 49,052
Accrued interest receivable 0 12,123
Goodwill 0 394,028
Other intangible assets 0 45,906
Other assets 0 100,059
Total non-cash assets acquired 0 4,922,820
Liabilities assumed:    
Deposits 0 3,564,843
Short-term borrowings 0 649,979
Long-term borrowings 0 87,283
Junior subordinated debentures issued to capital trusts 0 13,249
Accrued expenses and other liabilities 0 26,848
Total liabilities assumed 0 4,342,202
Net non-cash assets acquired 0 580,618
Net cash and cash equivalents acquired in acquisition 0 156,612
Common stock issued in acquisition 0 737,230
Investment securities held to maturity    
Non-cash assets acquired:    
Investment securities 0 214,217
Investment securities available for sale    
Non-cash assets acquired:    
Investment securities $ 0 $ 308,385