XML 53 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flow (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 39,594 $ 34,023
Adjustments to reconcile to net cash provided by operating activities:    
Provision for loan losses 654 3,686
Depreciation and amortization 7,981 7,121
Net amortization of securities premiums and discounts 1,093 3,339
Realized securities gains (4,643) (1,374)
Gain on sales of loans (2,075) (1,401)
Cash receipts from the sale of loans originated for sale 169,065 117,751
Cash disbursements for loans originated for sale (170,446) (117,667)
Deferred income tax provision (benefit) 426 (3,476)
Gains on other assets (323) (1,066)
Decrease in interest receivable 1,996 4,879
Increase in interest payable (559) (431)
Amortization of stock based compensation arrangements 1,189 1,017
Other, net 3,936 6,205
Net cash provided by operating activities 47,888 52,606
INVESTING ACTIVITIES    
Net cash and due from banks provided by acquisitions   32,186
Net decrease in federal funds sold 400 41,207
Purchases of securities:    
Held for investment (2,525) (6,400)
Available for sale (58,240) (166,140)
Maturities of securities:    
Held for investment 5,845 5,731
Available for sale 116,831 264,978
Proceeds from sales and calls of securities:    
Held for investment 2,417 2
Available for sale 9,469 79,770
Purchases of loans (22,215) (28,404)
Proceeds from sales of loans 32,569 9,298
Net other increase in loans (112,844) (44,259)
Purchases of premises, equipment and computer software (9,290) (12,439)
Proceeds from the sale of other assets 8,245 14,125
Net cash ( used by ) provided by investing activities (29,338) 189,655
FINANCING ACTIVITIES    
Net increase in demand, transaction and savings deposits 274,556 250,170
Net decrease in time deposits (58,786) (43,780)
Net decrease in short-term borrowings (2,609) (5,857)
Paydown of long-term borrowings (7,221) (15,968)
Redemption of junior subordinated debentures (9,279)  
Issuance of common stock 2,188 946
Common stock acquired (256) (10,052)
Cash dividends paid (12,262) (11,507)
Net cash provided by financing activities 186,331 163,952
Net increase in cash, due from banks and interest bearing deposits 204,881 406,213
Cash, due from banks and interest bearing deposits at the beginning of the period 1,707,733 1,204,079
Cash, due from banks and interest bearing deposits at the end of the period 1,912,614 1,610,292
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 14,366 20,192
Cash paid during the period for income taxes $ 21,475 $ 21,802