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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 49,400 $ 46,365 $ 96,072 $ 91,564  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:          
Provision for credit losses 5,000 5,000 9,500 10,000  
Depreciation and amortization     24,232 25,834  
Addition to (recovery of) valuation allowance on mortgage servicing rights, net     (465) 119  
Amortization of mortgage servicing rights     6,147 5,545  
Amortization of other intangible assets 888 991 1,689 1,982  
Amortization and accretion on earning assets, funding, and other, net     19,457 13,788  
Tax impact of stock based compensation     1,784 827  
Gain on sales of investment securities, net (1,242) (34) (1,242) (412) $ (494)
Gain on sales of assets and impairment write-downs, net (1,893) (899) (2,989) (1,627)  
Gain on mortgage banking activities, net     (8,000) (8,169)  
Mortgage loans originated and acquired for sale     (619,202) (479,449)  
Proceeds from sales of mortgage loans held for sale     599,262 478,688  
Increase (decrease) in interest receivable     808 (1,617)  
Increase (decrease) in interest payable     5,596 (880)  
Net change in other assets and other liabilities     (19,819) (19,677)  
Net cash provided by operating activities     112,830 116,516  
CASH FLOWS FROM INVESTING ACTIVITIES          
Net increase in loans     (703,636) (1,166,685)  
Purchases of:          
Available for sale securities     (1,702,678) (673,073)  
Held to maturity securities     (133,976) (70,581)  
FHLB stock     (14,172) (4,997)  
Premises, equipment, and software, net of disposals     (26,232) (19,365)  
Other assets     (8,183) (461)  
Proceeds from:          
Sales of available for sale securities 1,000,000   1,065,328 80,362 102,011
Sales of available for sale securities 43,000   42,514 0  
Prepayments, calls, and maturities of available for sale securities     620,320 373,692  
Prepayments, calls, and maturities of held to maturity securities     6,290 5,670  
Prepayments, calls, and maturities of other assets     10,465 17,913  
Net cash received in acquisition     1,132 0  
Net cash used in investing activities     (842,828) (1,457,525)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase in deposits     506,059 49,092  
Net increase in short-term funding     527,248 1,596,245  
Repayment of long-term funding     (1,000,017) (155,018)  
Proceeds from issuance of long-term funding     250,000 0  
Purchase of common stock returned to authorized but unissued     (93,000) 0  
Purchase of treasury stock     (4,500) (72,647)  
Proceeds from issuance of preferred stock     62,966 0  
Purchase of preferred stock     (752) (960)  
Cash dividends on common stock     (30,508) (29,175)  
Cash dividends on preferred stock     (2,773) (2,522)  
Net cash provided by financing activities     214,723 1,385,015  
Net increase (decrease) in cash and cash equivalents     (515,275) 44,006  
Cash and cash equivalents at beginning of period     1,032,067 602,245 602,245
Cash and cash equivalents at end of period 516,792 646,251 516,792 646,251 1,032,067
Supplemental disclosures of cash flow information:          
Cash paid for interest     32,123 26,971  
Cash paid for income taxes     40,473 38,667  
Loans and bank premises transferred to other real estate owned     3,117 12,049  
Capitalized mortgage servicing rights     6,729 3,720 $ 8,253
Acquisition:          
Fair value of assets acquired, including cash and cash equivalents 4,590 0 4,590 0  
Fair value ascribed to goodwill and intangible assets 51,791 0 51,791 0  
Fair value of liabilities assumed $ 12,851 $ 0 12,851 0  
Common stock issued in acquisition     $ 43,530 $ 0