XML 24 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
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 (Loss) $ 98,827 $ 81,574 $ 60,016
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (recapture) for loan and lease losses 8,591 6,727 (101)
Stock-based compensation expense 4,090 2,859 2,844
Depreciation, amortization and accretion 30,312 44,459 40,431
Investment securities gain, net (1,581) (552) (462)
Net realized (gain) loss on sale of other assets 573 564 (48)
Net gain on sale and valuation adjustments of OREO 2,152 1,870 8,504
Net realized gain on sale of branches 0 (565) 0
Originations of loans held for sale (75,689) (23,344) (43,046)
Proceeds from Sale of Loans Held-for-sale 72,296 23,573 44,874
Deferred income tax expense (benefit) 6,367 14,646 5,413
Net change in:      
Interest receivable (75) (944) (7,938)
Interest payable (142) 89 (122)
Other assets (5,419) (4,479) (3,385)
Other liabilities (1,242) (5,119) (10,336)
Net cash provided by operating activities 134,756 137,618 79,636
Cash Flows From Investing Activities      
Payments for (Proceeds from) Loans and Leases (384,321) (440,376) (161,827)
Purchases of securities available for sale (467,631) (363,693) (457,985)
Purchases of premises and equipment (7,581) (12,485) (13,133)
Payments to Acquire Federal Home Loan Bank Stock (16,760) 0 0
Proceeds from FDIC for reimbursement on loss-sharing asset 4,659 5,950 9,246
Proceeds from sales of securities available for sale 95,375 63,292 166,881
Proceeds from principal repayments and maturities of securities available for sale 283,206 180,648 293,940
Proceeds from sales of loans held for investment and other assets 15,074 2,840 2,917
Proceeds from Sale of Federal Home Loan Bank Stock 37,403 1,288 1,114
Proceeds from sales of other real estate and other personal property owned 19,387 28,559 36,453
Payment to FDIC Related to Loss-Sharing Asset (1,865) (3,451) 0
Capital improvements on other real estate properties 0 0 (3,577)
Payments to Acquire Intangible Assets 0 0 (919)
Net cash paid in branch sale 0 (16,788) 0
Net cash received (paid) in business combinations 0 32,255 (154,170)
Net cash used in investing activities (423,054) (521,961) (281,060)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits 514,107 250,629 33,983
Net increase (decrease) in repurchase agreements (5,381) 21,037 0
Proceeds from exercise of stock options 1,258 929 1,092
Proceeds from Warrant Exercises 0 5,000 0
Proceeds from Federal Home Loan Bank advances 1,702,000 1,602,000 1,215,100
Proceeds from Federal Reserve Bank borrowings 1,010 800 50
Repayment of Federal Home Loan Bank advances (1,850,000) (1,422,000) (1,313,000)
Repayment of Federal Reserve Bank borrowings (1,010) (800) (50)
Payment of preferred stock dividends (137) (96) (32)
Payment of common stock dividends (77,263) (49,494) (19,858)
Repayment of other borrowings (8,248) (14,636) (51,000)
Purchase and retirement of common stock (906) (622) (429)
Proceeds from excess tax benefit from stock-based compensation 0 (205) (1,203)
Net cash provided by (used in) financing activities 275,430 392,952 (132,941)
Increase (decrease) in cash and cash equivalents (12,868) 8,609 (334,365)
Cash and cash equivalents at beginning of period 188,170 179,561 513,926
Supplemental Information:      
Cash paid for interest 4,146 3,904 5,962
Cash paid for income tax 30,522 21,230 26,754
Non-cash investing and financing activities      
Loans transferred to other real estate owned 8,688 10,200 18,100
Share-based consideration issued in business combinations $ 0 $ 116,907 $ 276,181