XML 29 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 114,597,000 $ 87,408,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 8,539,000 17,561,000
Specific reserve, other real estate owned 371,000 478,000
Depreciation of bank premises and equipment 18,083,000 19,677,000
Gain on sale of bank premises and equipment (3,955,000) (626,000)
Gain on sale of other real estate owned (314,000) (201,000)
Accretion of investment securities discounts (2,161,000) (2,844,000)
Amortization of investment securities premiums 20,096,000 35,666,000
Investment securities transactions, net (1,283,000) (9,601,000)
Impairment charges on available-for-sale investment securities 552,000 1,300,000
Amortization of identified intangible assets 2,246,000 3,451,000
Stock based compensation expense 766,000 322,000
Earnings from affiliates and other investments (10,455,000) (16,085,000)
Deferred tax benefit (2,993,000) (2,325,000)
Decrease in accrued interest receivable 2,081,000 2,051,000
Net (increase) decrease in other assets (4,779,000) 16,624,000
Net (decrease) in other liabilities 8,300,000 7,535,000
Net cash provided by operating activities 149,691,000 160,391,000
Investing activities:    
Proceeds from sales and calls of available for sale securities 621,588,000 178,124,000
Purchases of available for sale securities (648,910,000) (1,274,574,000)
Principal collected on mortgage-backed securities 582,631,000 1,025,015,000
Net increase in loans (470,723,000) (285,453,000)
Purchases of other investments (12,930,000) (1,637,000)
Distributions from other investments 23,311,000 4,159,000
Purchases of bank premises and equipment (42,089,000) (30,792,000)
Proceeds from sales of other real estate owned 10,251,000 19,303,000
Proceeds from sale of bank premises and equipment 8,419,000 653,000
Net cash (used in) provided by investing activities 71,548,000 (365,202,000)
Financing activities:    
Net increase in non-interest bearing demand deposits 227,784,000 185,882,000
Net increase (decrease) in savings and interest bearing demand deposits 71,928,000 (108,029,000)
Net decrease in time deposits (129,064,000) (252,260,000)
Net decrease in securities sold under repurchase agreements (87,970,000) (128,542,000)
Net (decrease) increase in other borrowed funds (236,769,000) 540,466,000
Purchases of treasury stock (11,717,000)  
Repayment of long-term debt (10,310,000)  
Proceeds from stock transactions 405,000 146,000
Payments of dividends on common stock (16,741,000) (13,438,000)
Net cash provided by (used in) financing activities (192,454,000) 224,225,000
Increase in cash and cash equivalents 28,785,000 19,414,000
Cash and cash equivalents at beginning of period 274,785,000 283,100,000
Cash and cash equivalents at end of period 303,570,000 302,514,000
Supplemental cash flow information:    
Interest paid 35,764,000 43,405,000
Income taxes paid 64,912,000 45,480,000
Non-cash investing and financing activities:    
Dividends declared, not yet paid on common stock 18,021,000 15,456,000
Net transfer from loans to other real estate owned $ (2,406,000) $ (371,000)