XML 49 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net income $ 41,363 $ 39,897
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,947 5,551
Amortization of intangible assets 2,319 2,131
Net accretion of premiums and discounts on securities, loans and borrowings (2,359) (2,584)
Stock-based compensation 2,107 2,036
Provision for loan losses 2,714 3,799
Amortization of mortgage servicing rights 276 365
Income from bank-owned life insurance policies (523) (536)
Gain on sales of investment securities (63,799) 0
Loss on debt extinguishments 63,500 0
Net loss/(gain) from sale of loans and other assets 187 (82)
Net change in loans held for sale (1,136) 576
Change in other assets and liabilities 5,134 789
Net cash provided by operating activities 55,730 51,942
Investing activities:    
Proceeds from sales of available-for-sale investment securities 672,750 0
Proceeds from maturities of available-for-sale investment securities 113,335 103,709
Proceeds from maturities of held-to-maturity investment securities 24,015 12,602
Proceeds from sale of other investment securities 18,240 1
Purchases of available-for-sale investment securities (439,448) (724,530)
Purchases of held-to-maturity investment securities (4,153) (106,226)
Purchases of other securities (2) (19,123)
Net increase in loans (72,551) (94,829)
Purchases of premises and equipment (7,355) (4,132)
Net cash provided by (used in) investing activities 304,831 (832,528)
Financing activities:    
Net increase in deposits 42,091 115,107
Net change in borrowings, net of payments of $565,142 and $110 (469,242) 429,591
Issuance of common stock 7,366 61,017
Cash dividends paid (21,427) (19,825)
Tax benefits from share-based payment arrangements 666 720
Net cash (used in) provided by financing activities (440,546) 586,610
Change in cash and cash equivalents (79,985) (193,976)
Cash and cash equivalents at beginning of period 228,558 324,878
Cash and cash equivalents at end of period 148,573 130,902
Supplemental disclosures of cash flow information:    
Cash paid for interest 18,358 26,775
Cash paid for income taxes 11,768 9,655
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 10,805 10,260
Transfers from loans to other real estate $ 3,439 $ 1,977