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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 78,691 $ 77,420
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12,026 10,742
Amortization of intangible assets 11,980 4,204
Net accretion on securities, loans and borrowings (4,412) (3,261)
Stock-based compensation 3,985 3,392
Provision for loan losses 5,603 5,436
Amortization of mortgage servicing rights 374 386
Income from bank-owned life insurance policies (1,170) (1,124)
Net loss (gain) on sale of loans and other assets 155 (624)
Change in other assets and other liabilities 31,624 7,257
Net cash provided by operating activities 138,856 103,828
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 110,160 86,885
Proceeds from maturities of other investment securities 28,580 9,050
Purchases of available-for-sale investment securities (59,425) (40,463)
Purchases of other securities (12,434) (4,612)
Net change in loans 120,029 (148,384)
Cash paid for acquisitions, net of cash acquired of $51,793 and $0, respectively (105,402) (575)
Settlement of bank-owned life insurance policies 1,779 2,481
Purchases of premises and equipment, net (7,701) (7,832)
Net cash provided by/(used in) investing activities 75,586 (103,450)
Financing activities:    
Net increase in deposits 81,630 203,945
Net change in borrowings (193,602) (167,400)
Issuance of common stock 3,740 7,556
Purchases of treasury stock (3,226) (716)
Sales of treasury stock 7,861 6,925
Increase in deferred compensation arrangements 3,226 0
Cash dividends paid (45,059) (40,883)
Withholding taxes paid on share-based compensation (1,389) (1,473)
Net cash (used in)/provided by financing activities (146,819) 7,954
Change in cash and cash equivalents 67,623 8,332
Cash and cash equivalents at beginning of period 173,857 153,210
Cash and cash equivalents at end of period 241,480 161,542
Supplemental disclosures of cash flow information:    
Cash paid for interest 10,092 8,557
Cash paid for income taxes 33,187 23,717
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 17,412 14,220
Transfers from loans to other real estate 2,470 2,137
Acquisitions:    
Common stock issued 340,737 0
Fair value of assets acquired, excluding acquired cash and intangibles 1,961,722 0
Fair value of liabilities assumed $ 1,871,074 $ 0