XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 264,122,000 $ 147,181,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 14,366,000 8,388,000
Depreciation, amortization and accretion (20,959,000) (14,848,000)
Provision for loan losses 25,058,000 17,384,000
Gain on mortgage loans sold, net (11,423,000) (14,785,000)
Gain (Loss) on Sale of Investments 41,000 0
Stock-based compensation expense 13,254,000 14,412,000
Deferred tax expense 17,339,000 15,646,000
Losses (gains) on dispositions of other real estate and other investments (259,000) 74,000
Income from equity method investment (33,286,000) (25,514,000)
Dividends received from equity method investment 33,651,000 19,372,000
Excess tax benefit from stock compensation (2,953,000) (4,608,000)
Gain on commercial loans sold, net (1,985,000) (791,000)
Commercial loans held for sale:    
Loans originated (226,551,000) (116,013,000)
Loans sold 242,590,000 119,007,000
Consumer loans held for sale:    
Loans originated (941,991,000) (772,239,000)
Loans sold 964,747,000  
Proceeds from Sale of Mortgage Loans Held-for-sale 917,900,000 756,729,000
Decrease (increase) in other assets (31,805,000) 793,000
Increase (decrease) in other liabilities 14,626,000 (30,057,000)
Net cash provided by operating activities 318,500,000 120,131,000
Activities in securities available-for-sale:    
Purchases (1,023,876,000) (1,158,038,000)
Sales 22,702,000 7,492,000
Maturities, prepayments and calls 243,678,000 207,209,000
Activities in securities held-to-maturity:    
Maturities, prepayments and calls 5,280,000 4,115,000
Increase in loans, net (1,757,157,000) (1,194,966,000)
Purchases of software, premises and equipment (18,478,000) (36,045,000)
Proceeds from sales of software, premises and equipment 458,000 23,000
Proceeds from Sale of Other Real Estate 13,204,000 6,931,000
Acquisitions, net of cash acquired 0 155,142,000
Purchase of bank owned life insurance policies (100,000,000) (55,000,000)
Increase in other investments (47,687,000) (22,508,000)
Net cash used in investing activities (2,661,876,000) (2,085,645,000)
Financing activities:    
Net increase in deposits 1,957,566,000 825,060,000
Net decrease in securities sold under agreements to repurchase (5,045,000) (18,460,000)
Advances from Federal Home Loan Bank:    
Issuances 1,439,906,000 1,934,750,000
Payments/maturities (1,239,198,000) (717,048,000)
Decrease in other borrowings, net (240,000) (190,000)
Principal payments of capital lease obligation (118,000) (111,000)
Proceeds from common stock issuance, net 0 192,194,000
Exercise of common stock options and stock appreciation rights, net of repurchase of restricted shares (5,107,000) (1,060,000)
Common stock dividends paid (32,904,000) (24,984,000)
Net cash provided by financing activities 2,114,860,000 2,190,151,000
Net increase (decrease) in cash and cash equivalents (228,516,000) 224,637,000
Cash and cash equivalents, beginning of period 779,596,000 183,645,000
Cash and cash equivalents, end of period $ 551,080,000 $ 408,282,000