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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 200,274 $ 188,301 $ 190,509
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 70,000 37,500 16,000
Depreciation and amortization 45,434 47,168 50,281
Addition to (recovery of) valuation allowance on mortgage servicing rights, net (200) (425) 321
Amortization of mortgage servicing rights 12,327 11,601 11,067
Amortization of other intangible assets 2,093 3,094 3,747
Amortization and accretion on earning assets, funding, and other, net 46,615 39,806 28,145
Deferred income taxes 10,656 (3,522) 9,890
Tax impact of stock based compensation (2,940) 1,518 (1,288)
Gain on sales of investment securities, net (9,316) (8,133) (494)
Asset (gains) losses, net 86 (2,540) (10,830)
Gain on mortgage banking activities, net (27,060) (20,258) (13,765)
Mortgage loans originated and acquired for sale (1,271,124) (1,228,106) (1,069,852)
Proceeds from sales of mortgage loans held for sale 1,542,660 1,241,012 1,010,167
Pension contributions 0 0 (21,000)
(Increase) decrease in interest receivable (7,836) 395 (1,264)
Increase (decrease) in interest payable (4,642) 3,898 1,536
Net change in other assets and other liabilities 21,915 (9,565) (3,661)
Net cash provided by operating activities 628,942 301,744 199,509
CASH FLOWS FROM INVESTING ACTIVITIES      
Net increase in loans (1,682,579) (1,136,793) (1,736,571)
Purchases of:      
Available for sale securities (1,304,921) (2,859,793) (1,096,410)
Held to maturity securities (195,442) (250,767) (229,795)
Federal Home Loan Bank and Federal Reserve Bank stocks (92,761) (35,647) (7,857)
Premises, equipment, and software, net of disposals (103,881) (54,636) (50,396)
Other assets (11,057) (15,187) (4,496)
Proceeds from:      
Sales of available for sale securities 549,555 1,601,947 102,011
Sale of Federal Home Loan Bank and Federal Reserve Bank stocks 100,000 77,514 0
Prepayments, calls, and maturities of available for sale securities 997,701 1,099,625 862,037
Prepayments, calls, and maturities of held to maturity securities 75,796 17,013 6,420
Prepayments, calls and maturities of other assets 27,692 21,236 36,452
Net cash (paid) received in acquisition (685) 1,132 0
Net cash used in investing activities (1,640,582) (1,534,356) (2,118,605)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 880,783 2,244,161 1,496,337
Net increase (decrease) in short-term funding 257,619 (233,872) 327,362
Repayment of long-term funding (1,180,038) (1,500,035) (155,066)
Proceeds from issuance of long-term funding 1,265,000 250,000 996,030
Proceeds from issuance of common stock for stock-based compensation plans 21,748 20,054 13,228
Proceeds from issuance of preferred stock 97,066 62,966 0
Redemption of preferred stock (58,903) 0 0
Purchase of preferred stock (1,248) (1,335) (2,451)
Purchase of common stock returned to authorized but unissued (20,007) (93,000) (150,498)
Purchase of treasury stock 0 0 (108,600)
Purchase of treasury stock for tax withholding (5,074) (5,154) (3,712)
Cash dividends on common stock (67,855) (62,400) (58,710)
Cash dividends on preferred stock (8,903) (7,155) (5,002)
Net cash provided by financing activities 1,180,188 674,230 2,348,918
Net increase (decrease) in cash and cash equivalents 168,548 (558,382) 429,822
Cash and cash equivalents at beginning of period 473,685 1,032,067 602,245
Cash and cash equivalents at end of period 642,233 473,685 1,032,067
Supplemental disclosures of cash flow information:      
Cash paid for interest 88,269 73,054 54,330
Cash paid for income and franchise taxes 75,558 84,407 72,431
Loans and bank premises transferred to other real estate owned 9,752 10,988 21,413
Capitalized mortgage servicing rights 12,262 12,372 8,253
Loans transferred into held for sale from portfolio, net 256,194 0 0
Fair value of assets acquired, including cash and cash equivalents 522 4,590 0
Fair value ascribed to goodwill and intangible assets 4,119 51,791 0
Fair value of liabilities assumed 1,423 12,851 0
Common stock issued in acquisition $ 0 $ 43,530 $ 0