XML 23 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
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 $ 104,866 $ 98,827 $ 81,574
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan and lease losses 10,778 8,591 6,727
Stock-based compensation expense 5,009 4,090 2,859
Depreciation, amortization and accretion 34,542 30,312 44,459
Investment securities gain, net (1,181) (1,581) (552)
Net realized loss on sale of premises and equipment, loans held for investment and other assets 157 573 564
Net gain on sale and valuation adjustments of OREO (629) 2,152 1,870
Net realized gain on sale of branches 0 0 (565)
Originations of loans held for sale (110,467) (75,689) (23,344)
Proceeds from Sale of Loans Held-for-sale 109,130 72,296 23,573
Deferred income tax expense (benefit) 1,846 6,367 14,646
Net change in:      
Interest receivable (2,197) (75) (944)
Interest payable (93) (142) 89
Other assets (15,917) (5,419) (4,479)
Other liabilities 8,745 (1,242) (5,119)
Net cash provided by operating activities 145,847 134,756 137,618
Cash Flows From Investing Activities      
Payments for (Proceeds from) Loans and Leases (402,146) (384,321) (440,376)
Purchases of securities available for sale (569,825) (467,631) (363,693)
Purchases of premises and equipment (4,520) (7,581) (12,485)
Payments to Acquire Federal Home Loan Bank Stock (59,599) (16,760) 0
Proceeds from FDIC for reimbursement on loss-sharing asset 927 4,659 5,950
Proceeds from sales of securities available for sale 124,142 95,375 63,292
Proceeds from principal repayments and maturities of securities available for sale 284,218 283,206 180,648
Proceeds from sales of loans held for investment and other assets 9,643 15,074 2,840
Proceeds from Sale of Federal Home Loan Bank Stock 62,081 37,403 1,288
Proceeds from sales of other real estate and other personal property owned 8,158 19,387 28,559
Payment to FDIC Related to Loss-Sharing Asset (1,632) (1,865) (3,451)
Net cash paid in branch sale 0 0 (16,788)
Net cash received in business combinations 0 0 32,255
Net cash used in investing activities (548,553) (423,054) (521,961)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits 620,785 514,107 250,629
Net decrease in repurchase agreements (18,877) (5,381) 21,037
Proceeds from exercise of stock options 1,349 1,258 929
Proceeds from Warrant Exercises 0 0 5,000
Proceeds from Federal Home Loan Bank advances 1,392,000 1,702,000 1,602,000
Proceeds from Federal Reserve Bank borrowings 10 1,010 800
Repayment of Federal Home Loan Bank advances (1,454,000) (1,850,000) (1,422,000)
Repayment of Federal Reserve Bank borrowings (10) (1,010) (800)
Payment of preferred stock dividends (157) (137) (96)
Payment of common stock dividends (88,677) (77,263) (49,494)
Repayment of other borrowings 0 (8,248) (14,636)
Purchase and retirement of common stock (1,125) (906) (622)
Proceeds from excess tax benefit from stock-based compensation (344) 0 (205)
Net cash provided by financing activities 451,642 275,430 392,952
Increase (decrease) in cash and cash equivalents 48,936 (12,868) 8,609
Cash and cash equivalents at beginning of period 175,302 188,170 179,561
Supplemental Information:      
Cash paid for interest 4,444 4,146 3,904
Cash paid for income tax 32,723 30,522 21,230
Non-cash investing and financing activities      
Loans transferred to other real estate owned 1,047 8,688 10,200
Share-based consideration issued in business combinations $ 0 $ 0 $ 116,907