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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 188,301 $ 190,509 $ 188,692
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 37,500 16,000 10,100
Depreciation and amortization 47,168 50,281 49,711
(Recovery of) addition to valuation allowance on mortgage servicing rights, net (425) 321 (14,563)
Amortization of mortgage servicing rights 11,601 11,067 15,488
Amortization of other intangible assets 3,094 3,747 4,043
Amortization and accretion on earning assets, funding, and other, net 39,806 28,145 44,965
Deferred income taxes (3,522) 9,890 25,920
Tax impact of stock based compensation (1,518) 1,288 (25)
Gain on sales of investment securities, net (8,133) (494) (564)
Gain on sales of assets and impairment write-downs, net (1,592) (10,288) (5,413)
Gain on mortgage banking activities, net (20,258) (13,765) (34,268)
Mortgage loans originated and acquired for sale (1,228,106) (1,069,852) (2,304,006)
Proceeds from sales of mortgage loans held for sale 1,241,012 1,010,167 2,516,690
Pension contributions 0 (21,000) (28,000)
(Increase) decrease in interest receivable 395 (1,264) 2,078
Increase (decrease) in interest payable 3,898 1,536 (2,214)
Other, net (10,513) (4,203) 9,274
Net cash provided by operating activities 301,744 199,509 477,958
CASH FLOWS FROM INVESTING ACTIVITIES      
Net increase in loans (1,136,793) (1,736,571) (593,591)
Purchases of:      
Available for sale securities (2,859,793) (1,096,410) (1,954,936)
Held to maturity securities (250,767) (229,795) (135,785)
Federal Home Loan Bank and Federal Reserve Bank stocks (35,647) (7,857) (28,399)
Premises, equipment, and software, net of disposals (54,636) (50,396) (67,723)
Other assets (15,187) (4,496) (2,098)
Proceeds from:      
Sales of available for sale securities 1,601,947 102,011 136,152
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks 77,514 0 14,399
Prepayments, calls, and maturities of available for sale securities 1,099,625 862,037 1,298,077
Prepayments, calls, and maturities of held to maturity securities 17,013 6,420 0
Prepayments, calls and maturities of other assets 21,236 36,452 41,668
Sales of loans originated for investment 0 0 39,002
Net cash received in acquisition 1,132 0 0
Net cash used in investing activities (1,534,356) (2,118,605) (1,253,234)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 2,244,161 1,496,337 394,340
Net decrease in deposits due to branch sales 0 0 (65,430)
Net increase (decrease) in short-term funding (233,872) 327,362 (1,586,013)
Repayment of long-term funding (1,500,035) (155,066) (427,430)
Proceeds from issuance of long-term funding 250,000 996,030 2,500,000
Proceeds from issuance of preferred shares 62,966 0 0
Proceeds from issuance of common stock for stock-based compensation plans 20,054 13,228 9,305
Purchase of preferred stock (1,335) (2,451) (1,626)
Purchase of common stock returned to authorized but unissued (93,000) (150,498) 0
Purchase of treasury stock (5,154) (112,312) (123,349)
Cash dividends on common stock (62,400) (58,710) (54,991)
Cash dividends on preferred stock (7,155) (5,002) (5,158)
Net cash provided by financing activities 674,230 2,348,918 639,648
Net increase (decrease) in cash and cash equivalents (558,382) 429,822 (135,628)
Cash and cash equivalents at beginning of period 1,032,067 602,245 737,873
Cash and cash equivalents at end of period 473,685 1,032,067 602,245
Supplemental disclosures of cash flow information:      
Cash paid for interest 73,054 54,330 65,552
Cash paid for income taxes 84,407 72,431 49,200
Loans and bank premises transferred to other real estate owned 10,988 21,413 26,151
Capitalized mortgage servicing rights 12,372 8,253 18,256
Fair value of assets acquired, including cash and cash equivalents 4,590 0 0
Fair value ascribed to goodwill and intangible assets 51,791 0 0
Fair value of liabilities assumed 12,851 0 0
Common stock issued in acquisition $ 43,530 $ 0 $ 0