XML 55 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities:    
Net income $ 72,163us-gaap_NetIncomeLoss $ 61,188us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 8,162us-gaap_ProvisionForLoanAndLeaseLosses 6,600us-gaap_ProvisionForLoanAndLeaseLosses
Deferred tax expense (benefit) (3,748)us-gaap_DeferredIncomeTaxExpenseBenefit (1,933)us-gaap_DeferredIncomeTaxExpenseBenefit
Accretion Of Loan Discount (3,571)cfr_AccretionOfLoanDiscount (3,503)cfr_AccretionOfLoanDiscount
Securities premium amortization (discount accretion), net 17,308us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 13,810us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Net (gain) loss on securities transactions (228)us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet
Depreciation and amortization 9,989us-gaap_DepreciationAndAmortization 9,702us-gaap_DepreciationAndAmortization
Net (gain) loss on sale/write-down of assets/foreclosed assets (779)us-gaap_GainLossOnSaleOfOtherAssets 147us-gaap_GainLossOnSaleOfOtherAssets
Stock-based compensation 2,562us-gaap_ShareBasedCompensation 2,136us-gaap_ShareBasedCompensation
Net tax benefit (deficiency) from stock-based compensation (1)us-gaap_DeferredTaxExpenseFromStockOptionsExercised 9us-gaap_DeferredTaxExpenseFromStockOptionsExercised
Excess tax benefits from stock-based compensation (75)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (1,335)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Earnings on life insurance policies (886)us-gaap_OtherNoncashIncome (682)us-gaap_OtherNoncashIncome
Net change in:    
Trading account securities (236)us-gaap_IncreaseDecreaseInTradingSecurities 909us-gaap_IncreaseDecreaseInTradingSecurities
Accrued interest receivable and other assets (36,459)us-gaap_IncreaseDecreaseInOtherOperatingAssets 14,633us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accrued interest payable and other liabilities (9,423)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (29,098)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash from operating activities 54,778us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 72,583us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities:    
Securities held to maturity: Purchases 0us-gaap_PaymentsToAcquireHeldToMaturitySecurities 0us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Securities held to maturity: Maturities, calls and principal repayments 95,453us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 42,113us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Securities available for sale:    
Purchases (772,500)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (617,914)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Sales 223,987us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 0us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Maturities, calls and principal repayments 372,316us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 1,163,981us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Net change in loans (225,770)us-gaap_PaymentsForProceedsFromLoansAndLeases (237,216)us-gaap_PaymentsForProceedsFromLoansAndLeases
Net cash (paid) received in acquisitions 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sales of premises and equipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 15us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchases of premises and equipment (51,803)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (13,215)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sales of repossessed properties 2,901us-gaap_ProceedsFromSaleOfForeclosedAssets 1,719us-gaap_ProceedsFromSaleOfForeclosedAssets
Net cash from investing activities (355,416)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 339,483us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities:    
Net change in deposits 13,692us-gaap_IncreaseDecreaseInDeposits 376,847us-gaap_IncreaseDecreaseInDeposits
Net change in short-term borrowings (198,912)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet (153,018)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
Proceeds from stock option exercises 728us-gaap_ProceedsFromStockOptionsExercised 17,279us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits from stock-based compensation 75us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,335us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash dividends – preferred stock (approximately $0.34 per share in both 2015 and in 2014) (2,016)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (2,016)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Cash dividends – common stock ($0.51 per share in 2015 and $0.50 per share in 2014) (32,288)us-gaap_PaymentsOfDividendsCommonStock (30,487)us-gaap_PaymentsOfDividendsCommonStock
Net cash from financing activities (218,721)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 209,940us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents (519,359)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 622,006us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents at beginning of period 4,364,123us-gaap_CashCashEquivalentsAndFederalFundsSold 4,556,125us-gaap_CashCashEquivalentsAndFederalFundsSold
Cash and equivalents at end of period $ 3,844,764us-gaap_CashCashEquivalentsAndFederalFundsSold $ 5,178,131us-gaap_CashCashEquivalentsAndFederalFundsSold