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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 103,957 $ 129,909
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses (4,008) (176)
Depreciation and amortization 8,043 8,053
Amortization of discounts and premiums, net (1,216) (8,470)
Amortization of core deposit intangibles 154 846
Net gain on sales of securities (1,979) (163)
Net gain on sales of loans (4,709) (19,386)
Stock-based compensation 8,732 8,207
Deferred tax expense 23,693 18,027
Changes in operating assets and liabilities:    
Decrease in other assets 61,391 293,865
Decrease in other liabilities (26,138) (21,286)
Origination of loans held for sale (560,186) (899,100)
Proceeds from sales of loans originated for sale 762,365 801,347
Net cash provided by operating activities 370,099 311,673
Cash Flows from Investing Activities:    
Proceeds from repayment of securities held to maturity 85,024 1,923,149
Proceeds from repayment of securities available for sale 33 49,959
Proceeds from sales of securities available for sale 139,002 104,663
Purchase of securities held to maturity (13,030) (10,086)
Purchase of securities available for sale (84,000) (104,500)
Redemption of Federal Home Loan Bank stock 34,641 215,542
Purchase of Federal Home Loan Bank stock (21,651) (102,818)
Net increase in loans (73,257) (910,243)
Proceeds from sales of loans 214,596 585,616
Purchase of premises and equipment, net (13,671) (10,763)
Net cash provided by investing activities 267,687 1,740,519
Cash Flows from Financing Activities:    
Net (decrease) increase in deposits (161,357) 555,554
Net decrease in short-term borrowed funds (460,000) (2,403,700)
Net proceeds from issuance of preferred stock 503,116  
Cash dividends paid on common stock (82,967) (82,618)
Payments relating to treasury shares received for restricted stock award tax payments (10,132) (8,222)
Net cash used in financing activities (211,340) (1,938,986)
Net increase in cash and cash equivalents 426,446 113,206
Cash and cash equivalents at beginning of period 557,850 537,674
Cash and cash equivalents at end of period 984,296 650,880
Supplemental information:    
Cash paid for interest 102,821 91,079
Cash paid for income taxes 1 2
Non-cash investing and financing activities:    
Transfers to other real estate owned from loans 5,911 9,456
Transfer of loans from held for investment to held for sale 214,862 579,841
Shares issued for restricted stock awards $ 10,311 $ 8,668