XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net income $ 46,664 $ 46,307
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan and lease losses 8,894 3,411
Stock-based compensation expense 2,551 1,836
Depreciation, amortization and accretion 18,898 14,630
Investment securities gain, net 602 1,064
Net realized (gain) loss on sale of other assets 170 (289)
Net gain on sale and valuation adjustments of OREO (160) 2,199 [1]
Payments for Origination and Purchases of Loans Held-for-sale 46,705 32,281 [1]
Proceeds from Sale of Loans Held-for-sale 43,565 29,177 [1]
Net change in:    
Interest receivable (1,861) 319
Interest payable (74) (105)
Other assets (7,818) 1,579
Other liabilities 9,809 3,292
Net cash provided by operating activities 73,651 64,613
Cash Flows From Investing Activities    
Loans originated and acquired, net of principal collected (298,259) (175,260)
Purchases of securities available for sale (296,920) (37,070)
Purchases of premises and equipment (1,199) (4,805)
Payments to Acquire Federal Home Loan Bank Stock (42,400) (1,440)
Proceeds from FDIC for reimbursement on loss-sharing asset 668 4,009
Proceeds from sales of securities available for sale 83,410 72,166
Proceeds from principal repayments and maturities of securities available for sale 123,817 135,102
Proceeds from Sales of Assets, Investing Activities 4,631 7,869 [1]
Proceeds from Sale of Federal Home Loan Bank Stock 36,961 23,002 [1]
Proceeds from sales of other real estate and other personal property owned 3,276 11,553
Payments to FDIC related to loss-sharing asset (625) (487)
Net cash provided by (used in) investing activities (386,640) 34,639
Cash Flows From Financing Activities    
Net increase in deposits 234,526 119,651
Net decrease in sweep repurchase agreements (10,481) (12,850)
Proceeds from Federal Home Loan Bank advances 962,000 1,319,000
Federal Reserve Bank borrowings 10 1,010
Proceeds from exercise of stock options 603 519
Repayment of Federal Home Loan Bank advances (826,000) (1,490,000)
Repayment of Federal Reserve Bank borrowings 10 1,010
Payment of common stock dividends (43,404) (36,851)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (77) (66)
Repayments of Subordinated Debt 0 8,248
Purchase and retirement of common stock 1,092 874
Net cash provided by (used in) financing activities 316,075 (109,719)
Increase (decrease) in cash and cash equivalents 3,086 (10,467)
Cash and cash equivalents at beginning of period 175,302 188,170
Cash and cash equivalents at end of period 178,388 177,703
Supplemental Information:    
Cash paid for interest 2,241 2,188
Cash paid for income tax 11,130 7,281
Non-cash investing and financing activities    
Loans transferred to other real estate owned $ 311 $ 7,836
[1] Reclassified to conform to the current period’s presentation. There were no changes to cash flows from operating, investing, or financing activities as a result of these reclassifications.