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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 127,818 $ 78,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,854 12,026
Amortization of intangible assets 13,780 11,980
Net accretion on securities, loans and borrowings (7,141) (4,412)
Stock-based compensation 4,607 3,985
Provision for loan losses 8,342 5,603
Amortization of mortgage servicing rights 340 374
Unrealized gain on equity securities (722) 0
Loss on debt extinguishment 318 0
Income from bank-owned life insurance policies (1,177) (1,170)
Net (gain) loss on sale of loans and other assets (207) 155
Change in other assets and other liabilities 8,769 31,624
Net cash provided by operating activities 166,581 138,856
Investing activities:    
Proceeds from maturities of available-for-sale investment securities 102,549 110,160
Proceeds from maturities of other investment securities 8,292 28,580
Purchases of available-for-sale investment securities (47,495) (59,425)
Purchases of other securities (31) (12,434)
Net (increase) decrease in loans (51,170) 120,029
Cash paid for acquisitions, net of cash acquired of $16 and $51,793, respectively (1,737) (105,402)
Settlement of bank-owned life insurance policies 0 1,779
Purchases of premises and equipment, net (8,903) (7,701)
Net cash provided by investing activities 1,505 75,586
Financing activities:    
Net increase in deposits 19,401 81,630
Net decrease in borrowings (86,523) (193,602)
Payments on subordinated debt held by unconsolidated subsidiary trusts (25,207) 0
Issuance of common stock 5,794 3,740
Purchases of treasury stock (220) (3,226)
Sales of treasury stock 7,226 7,861
Increase in deferred compensation arrangements 220 3,226
Cash dividends paid (52,006) (45,059)
Withholding taxes paid on share-based compensation (971) (1,389)
Net cash used in financing activities (132,286) (146,819)
Change in cash and cash equivalents 35,800 67,623
Cash and cash equivalents at beginning of period 221,038 173,857
Cash and cash equivalents at end of period 256,838 241,480
Supplemental disclosures of cash flow information:    
Cash paid for interest 12,870 10,092
Cash paid for income taxes 20,674 33,187
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 19,634 17,412
Transfers from loans to other real estate 2,426 2,470
Acquisitions:    
Common stock issued 0 340,737
Fair value of assets acquired, excluding acquired cash and intangibles 115 1,960,922
Fair value of liabilities assumed $ 31 $ 1,869,854