XML 28 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 101,756,000 $ 114,597,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 18,976,000 8,539,000
Specific reserve, other real estate owned 918,000 371,000
Depreciation of bank premises and equipment 18,798,000 18,083,000
Loss (gain) on sale of bank premises and equipment 256,000 (3,955,000)
Gain on sale of other real estate owned (197,000) (314,000)
Accretion of investment securities discounts (1,337,000) (2,161,000)
Amortization of investment securities premiums 21,197,000 20,096,000
Investment securities transactions, net 428,000 (1,283,000)
Impairment charges on available-for-sale investment securities 700,000 552,000
Amortization of identified intangible assets 441,000 2,246,000
Stock based compensation expense 872,000 766,000
Earnings from affiliates and other investments (9,853,000) (10,455,000)
Deferred tax expense (benefit) 1,274,000 (2,993,000)
Decrease in accrued interest receivable 2,022,000 2,081,000
Net decrease (increase) in other assets 9,372,000 (4,779,000)
Net increase in other liabilities 14,358,000 8,300,000
Net cash provided by operating activities 179,981,000 149,691,000
Investing activities:    
Proceeds from maturities of securities 1,075,000  
Proceeds from sales and calls of available for sale securities 30,282,000 621,588,000
Purchases of available for sale securities (310,030,000) (648,910,000)
Principal collected on mortgage-backed securities 659,852,000 582,631,000
Net increase in loans (269,207,000) (470,723,000)
Purchases of other investments (14,587,000) (12,930,000)
Distributions received on other investments 15,307,000 23,311,000
Purchases of bank premises and equipment (15,830,000) (42,089,000)
Proceeds from sales of other real estate owned 12,727,000 10,251,000
Proceeds from sales of bank premises and equipment 1,700,000 8,419,000
Net cash provided by investing activities 111,289,000 71,548,000
Financing activities:    
Net increase in non-interest bearing demand deposits 159,013,000 227,784,000
Net (decrease) increase in savings and interest bearing demand deposits (44,646,000) 71,928,000
Net decrease in time deposits (86,212,000) (129,064,000)
Net decrease in securities sold under repurchase agreements (27,338,000) (87,970,000)
Net decrease in other borrowed funds (270,394,000) (236,769,000)
Purchase of treasury stock (3,146,000) (11,717,000)
Repayment of long-term debt (14,000,000) (10,310,000)
Proceeds from stock transactions 1,248,000 405,000
Payments of dividends on common stock (19,259,000) (16,741,000)
Net cash used in financing activities (304,734,000) (192,454,000)
(Decrease) increase in cash and cash equivalents (13,464,000) 28,785,000
Cash and cash equivalents at beginning of period 255,146,000 274,785,000
Cash and cash equivalents at end of period 241,682,000 303,570,000
Supplemental cash flow information:    
Interest paid 33,549,000 35,764,000
Income taxes paid 46,218,000 64,912,000
Non-cash investing and financing activities:    
Net transfer from other real estate owned to loans   (2,406,000)
Net transfer from loans to other real estate owned 6,936,000  
Dividends declared, not yet paid on common stock $ 19,256,000 $ 18,021,000