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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 116,998 $ 75,272 $ 80,349
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 30,791 30,144 30,757
Provision for loan losses 24,013 15,563 11,694
Net amortization of premium on securities 25,142 26,961 32,101
Provision for deferred taxes 2,760 13,263 7,162
Securities gains, net (1,085) (6,973) (11,340)
Unrealized gain on equity securities, net 212 0 0
Stock based compensation 4,505 4,068 3,478
Loss on sales/valuations of assets, net 2,208 2,475 1,478
Loans originated for sale (646,019) (728,681) (1,119,817)
Proceeds on sales of loans held for sale 714,259 760,484 1,160,079
Net gains on sales of loans held for sale (16,404) (15,102) (26,740)
Increase in accrued interest receivable (3,368) (593) (779)
Decrease in prepaid expenses 2,364 576 194
Increase (decrease) in accrued interest payable (2) 34 (835)
Gain on extinguishment of debt 0 (1,280) 0
Capitalization of servicing rights (5,160) (7,358) (12,894)
Valuation adjustment on servicing rights 46 (21) 33
Net excess tax benefit from stock based compensation 674 1,246 374
Other, net (8,760) (14,148) (6,769)
NET CASH PROVIDED BY OPERATING ACTIVITIES 242,750 155,930 148,525
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of time deposits in other financial institutions (1,000) 0 0
Proceeds from the sale of securities available for sale 727,895 1,456,750 909,942
Proceeds from the sale of securities held to maturity 0 0 4,557
Proceeds from the redemption of time deposits in other financial institutions 8,767 12,171 0
Proceeds from the maturity of and principal paydowns on securities available for sale 237,747 222,656 188,071
Proceeds from the maturity of and principal paydowns on securities held to maturity 15,953 10,621 9,683
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions 6,993 34,904 250
Proceeds from the maturity of and principal paydowns on time deposits in other financial institutions 1,618 2,790 5,673
Purchase of securities available for sale (1,197,822) (1,816,564) (1,335,244)
Purchase of other investments (3,731) (1,116) (2,250)
Net (increase) decrease in loans (132,401) 22,109 222,874
Purchase of bank owned life insurance policies (2,228) (2,000) 0
Proceeds from bank owned life insurance policies 0 0 111
Proceeds from sale of mortgage servicing rights 0 6,290 0
Capital expenditures (12,742) (8,113) (10,327)
Net cash and cash equivalents received in acquisitions 212,197 71,089 8,084
Proceeds from sale of equipment 2,972 4,867 947
Proceeds on sale of OREO and other repossessed assets 11,562 10,844 4,484
NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES (124,220) 27,298 6,855
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in demand deposits 8,052 154,394 123,613
Net increase (decrease) in savings accounts 318,697 (166,733) 86,319
Net decrease in time deposit accounts (221,980) (79,733) (416,455)
Proceeds on short-term revolving credit line 25,000 20,000 0
Repayments on short-term revolving credit line (25,000) (20,000) 0
Net decrease in short-term borrowings (158,519) (25,847) (15,921)
Proceeds from short term FHLB advances 462,940 251,139 329,566
Repayments of short term FHLB advances (402,102) (241,505) (336,850)
Proceeds from other borrowings 30,131 0 40,000
Repayments of other borrowings (59,157) (9,645) (21,636)
Redemption of preferred stock 0 0 (81,698)
Payment for the redemption of debt 0 (13,800) 0
Purchase of treasury stock (97) (625) (3,719)
Proceeds from issuance of common stock 489 963 54,196
Dividends paid (19,357) (14,557) (12,870)
NET CASH USED BY FINANCING ACTIVITIES (40,903) (145,949) (255,455)
Net increase (decrease) in cash and cash equivalents 77,627 37,279 (100,075)
Cash and cash equivalents at beginning of year 196,003 158,724 258,799
CASH AND CASH EQUIVALENTS AT END OF PERIOD 273,630 196,003 158,724
Supplemental disclosures:      
Cash paid for income/franchise taxes 17,085 15,817 24,652
Cash paid for interest 51,868 33,316 32,648
Loans transferred to OREO 7,866 5,293 2,315
Transfer of premises from premises, furniture and equipment held for sale to premises, furniture and equipment, net 81 2,372 3,440
Purchases of securities available for sale, accrued, not paid 0 1,017 0
Transfer of premises from premises, furniture and equipment, net to premises, furniture and equipment held for sale 7,660 3,442 0
Sales of securities available for sale, accrued, not settled 0 0 250
Conversion of convertible debt to common stock 0 558 1,442
Conversion/redemption of Series D preferred stock to common stock 938 419 2,420
Loans transferred to held for sale 96,027 0 0
Deposits transferred to held for sale 106,409 0 0
Stock consideration granted for acquisitions $ 238,075 $ 175,196 $ 57,433