XML 35 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 73,142 $ 63,320 $ 41,445
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 11,374 10,219 10,299
Amortization of intangible assets 4,382 5,957 8,170
Goodwill Impairment 0 0 3,079
Net (accretion)/amortization of premiums & discounts on securities, loans and borrowings (1,934) 2,249 2,141
Stock-based compensation 3,784 3,523 3,100
Provision for loan losses 4,736 7,205 9,790
Provision for deferred income taxes 12,942 9,199 3,434
Amortization of mortgage servicing rights 868 769 731
Income from bank-owned life insurance policies (894) (458) (476)
Loss (Gain) from sale of investment securities and debt extinguishments, net 61 0 (7)
Net gain on sale of loans and other assets (422) (1,032) (1,098)
Net change in loans originated for sale 4,047 (309) 1,092
Change in other operating assets and liabilities (14,269) (3,554) (37,566)
Net cash provided by operating activities 97,817 97,088 44,134
Investing activities:      
Proceeds from sales of available-for-sale investment securities 15,330 0 27
Proceeds from sales of other securities 1,032 1,201 0
Proceeds from maturities of held-to-maturity investment securities 65,062 76,081 108,927
Proceeds from maturities of available-for-sale investment securities 254,368 157,563 253,629
Purchases of held-to-maturity investment securities (13,292) (345,187) (369,374)
Purchases of available-for-sale investment securities (353,498) (149,883) (94,339)
Purchases of other securities (2,908) 0 (390)
Net decrease in loans 12,639 68,691 29,200
Cash received /(paid) for acquisitions, net of cash acquired 4,746 0 (358)
Purchases of premises and equipment (9,613) (15,716) (13,894)
Net cash (used in) investing activities (26,134) (207,250) (86,572)
Financing activities:      
Net change in noninterest checking, checking, and savings accounts 199,812 246,453 491,821
Net change in time deposits (110,166) (236,893) (268,147)
Net change in borrowings, net of payments (19,938) (26,318) (5,779)
Issuance of common stock 5,351 6,433 1,241
Cash dividends paid (34,404) (30,394) (28,788)
Tax benefits from share-based payment arrangements 703 842 213
Net cash provided by/(used in) financing activities 41,358 (39,877) 190,561
Change in cash and cash equivalents 113,041 (150,039) 148,123
Cash and cash equivalents at beginning of year 211,837 361,876 213,753
Cash and cash equivalents at end of year 324,878 211,837 361,876
Supplemental disclosures of cash flow information:      
Cash paid for interest 61,564 67,485 85,011
Cash paid for income taxes 20,810 12,630 5,434
Supplemental disclosures of noncash financing and investing activities:      
Dividends declared and unpaid 9,609 7,976 7,211
Transfers from loans to other real estate 5,186 3,839 2,373
Acquisitions:      
Fair value of assets acquired, excluding acquired cash and intangibles 815,824 0 63
Fair value of liabilities assumed $ 791,222 $ 0 $ 0