XML 120 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities      
Net income $ 65,103,000 $ 76,395,000 $ 53,538,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 25,388,000 21,685,000 16,772,000
Amortization of purchase accounting adjustments, net (5,965,000) (47,383,000) (30,653,000)
Provision for loan losses 5,145,000 20,671,000 25,867,000
Share-based equity compensation expense 10,703,000 9,907,000 9,114,000
Gain on sale of assets (251,000) (42,000) (943,000)
Gain on sale of available for sale investments (2,277,000) (3,739,000) (3,422,000)
Gain on sale of OREO (6,022,000) (4,985,000) (1,476,000)
Loss on abandonment of fixed assets 4,941,000 2,743,000  
Loss on impaired securities       509,000
Impairment 31,813,000      
Amortization of premium/discount on investments 18,953,000 21,013,000 18,233,000
Derivative (gains) losses on swaps (209,000) 1,000 2,000
Benefit for deferred income taxes (35,943,000) (7,527,000) (11,750,000)
Originations of mortgage loans held for sale (2,116,460,000) (2,432,367,000) (1,659,226,000)
Proceeds from sales of mortgage loans held for sale 2,320,885,000 2,388,716,000 1,637,458,000
Gain on sale of mortgage loans held for sale, net (65,393,000) (70,811,000) (43,955,000)
Tax benefit associated with share-based payment arrangements (886,000) (1,221,000) (1,454,000)
(Increase) decrease in other assets (17,534,000) 7,437,000 5,572,000
Other operating activities, net 77,792,000 7,319,000 1,572,000
Net Cash Provided by (Used in) Operating Activities 309,783,000 (12,188,000) 15,758,000
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 44,677,000 154,222,000 130,305,000
Proceeds from maturities, prepayments and calls of securities available for sale 709,977,000 880,425,000 626,004,000
Purchases of securities available for sale (1,026,290,000) (935,164,000) (499,899,000)
Proceeds from maturities, prepayments and calls of securities held to maturity 55,706,000 43,535,000 120,075,000
Purchases of securities held to maturity (5,901,000) (57,075,000) (22,803,000)
FDIC reimbursement of recoverable covered asset losses 68,233,000 157,694,000 139,852,000
Increase in loans receivable, net (1,030,545,000) (870,577,000) (560,635,000)
Proceeds from sale of premises and equipment 8,714,000 1,274,000 3,227,000
Purchases of premises and equipment (16,941,000) (32,825,000) (44,055,000)
Proceeds from disposition of real estate owned 116,612,000 109,067,000 61,713,000
Investment in new market tax credit entities (2,213,000) (21,368,000) (9,425,000)
Cash received in excess of cash paid for acquisition    32,425,000 79,288,000
Other investing activities, net (2,636,000) 10,691,000 2,085,000
Net Cash (Used in) Provided by Investing Activities (1,080,607,000) (527,676,000) 25,732,000
Cash Flows from Financing Activities      
(Decrease) increase in deposits, net of deposits acquired (10,689,000) 1,174,829,000 174,809,000
Net change in short-term borrowings, net of borrowings acquired 377,299,000 (102,320,000) 136,786,000
Proceeds from long-term debt 2,867,000 24,086,000 3,176,000
Repayments of long-term debt (144,609,000) (80,770,000) (47,227,000)
Dividends paid to shareholders (40,332,000) (40,069,000) (38,558,000)
Proceeds from sale of treasury stock for stock options exercised 8,101,000 2,813,000 6,807,000
Payments to repurchase common stock (2,280,000) (42,245,000) (43,219,000)
Tax benefit associated with share-based payment arrangements 886,000 1,221,000 1,454,000
Net Cash Provided by Financing Activities 191,243,000 937,545,000 194,028,000
Net (Decrease) Increase In Cash and Cash Equivalents (579,581,000) 397,681,000 235,518,000
Cash and Cash Equivalents at Beginning of Period 970,977,000 573,296,000 337,778,000
Cash and Cash Equivalents at End of Period 391,396,000 970,977,000 573,296,000
Supplemental Schedule of Noncash Activities      
Acquisition of real estate in settlement of loans 93,040,000 99,134,000 104,855,000
Common stock issued in acquisition    39,203,000 181,140,000
Transfers of property into Other Real Estate 93,040,000 106,427,000 104,855,000
Exercise of stock options with payment in company stock    16,000   
Supplemental Disclosures Cash paid for:      
Interest on deposits and borrowings 47,466,000 63,984,000 84,452,000
Income taxes, net $ 29,063,000 $ 15,957,000 $ 41,594,000