XML 37 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 $ 142,844 $ 105,382 $ 65,128
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and accretion (6,178) 23,327 19,423
Provision for loan losses 30,908 19,060 5,145
Share-based compensation cost 13,906 11,985 10,703
Gain on sale of assets, net (2,539) (14) (251)
Gain on sale of securities available for sale (1,575) (771) (2,277)
Gain on sale of OREO, net (5,552) (4,221) (6,022)
Impairment of FDIC loss share receivables and other long-lived assets 6,954 6,437 37,893
Amortization of premium/discount on securities, net 18,195 13,793 18,953
Expense (benefit) for deferred income taxes 4,551 (25,027) (35,930)
Originations of mortgage loans held for sale (2,464,588) (1,675,538) (2,116,460)
Proceeds from sales of mortgage loans held for sale 2,516,110 1,716,565 2,320,885
Gain on sale of mortgage loans held for sale, net (83,131) (59,156) (65,393)
Tax benefit associated with share-based payment arrangements (580) (2,105) (886)
Change in other assets, net of other assets acquired 13,925 11,770 (17,559)
Other operating activities, net 12,873 (22,124) 76,431
Net Cash Provided by Operating Activities 196,123 119,363 309,783
Cash Flows from Investing Activities      
Proceeds from sales of securities available for sale 228,604 61,702 44,677
Proceeds from maturities, prepayments and calls of securities available for sale 473,142 488,699 709,977
Purchases of securities available for sale (1,063,460) (703,179) (1,026,290)
Proceeds from maturities, prepayments and calls of securities held to maturity 22,939 36,182 55,706
Purchases of securities held to maturity (5,833) 0 (5,901)
Reimbursement of recoverable covered asset losses (to) from the FDIC (932) 5,734 68,233
Increase in loans, net of loans acquired (703,946) (824,437) (1,030,545)
Proceeds from sale of premises and equipment 13,309 5,129 8,714
Purchases of premises and equipment, net of premises and equipment acquired (19,502) (29,841) (16,941)
Proceeds from disposition of OREO 55,025 84,429 116,612
Cash paid for additional investment in tax credit entities (9,671) (13,191) (2,213)
Cash received in excess of cash paid for acquisitions 425,581 188,803 0
Other investing activities, net 13,772 (12,785) (2,636)
Net Cash Used in Investing Activities (570,972) (712,755) (1,080,607)
Cash Flows from Financing Activities      
Increase (decrease) in deposits, net of deposits acquired 968,746 641,026 (10,689)
Net change in short-term borrowings, net of borrowings acquired (520,653) 110,298 377,299
Proceeds from long-term debt 63,198 54,637 2,867
Repayments of long-term debt (201,259) (22,871) (144,609)
Cash dividends paid on common stock (52,318) (43,070) (40,332)
Proceeds from common stock transactions 5,535 11,693 8,101
Payments to repurchase common stock (3,620) (3,727) (2,280)
Net proceeds from issuance of preferred stock 76,812 0 0
Tax benefit associated with share-based payment arrangements 580 2,105 886
Net Cash Provided by Financing Activities 337,021 750,091 191,243
Net (Decrease) Increase In Cash and Cash Equivalents (37,828) 156,699 (579,581)
Cash and Cash Equivalents at Beginning of Period 548,095 391,396 970,977
Cash and Cash Equivalents at End of Period 510,267 548,095 391,396
Supplemental Schedule of Non-cash Activities      
Acquisition of real estate in settlement of loans 21,690 27,050 93,040
Common stock issued in acquisitions 474,753 214,665 0
Cash paid for:      
Interest on deposits and borrowings 58,556 43,210 47,466
Income taxes, net $ 53,476 $ 52,094 $ 29,063