XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 72,573,000 $ 62,672,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for probable loan losses 2,505,000 16,231,000
Specific reserve, other real estate owned 317,000 570,000
Depreciation of bank premises and equipment 12,529,000 12,388,000
Gain on sale of bank premises and equipment (16,000) (40,000)
Loss (gain) on sale of other real estate owned 3,000 (55,000)
Accretion of investment securities discounts (219,000) (259,000)
Amortization of investment securities premiums 12,577,000 12,311,000
Investment securities transactions, net 1,612,000 360,000
Impairment charges on available for sale securities   191,000
Amortization of identified intangible assets 25,000 64,000
Stock based compensation expense 484,000 554,000
Earnings from affiliates and other investments (5,590,000) (5,555,000)
Deferred tax expense 212,000 386,000
Increase in accrued interest receivable 591,000 225,000
Decrease in other assets 720,000 (1,894,000)
Net increase in other liabilities 5,691,000 5,006,000
Net cash provided by operating activities 104,014,000 103,155,000
Investing activities:    
Proceeds from sales and calls of available for sale securities 272,184,000 195,538,000
Purchases of available for sale securities (542,112,000) (582,117,000)
Principal collected on mortgage-backed securities 372,717,000 407,011,000
Net increase in loans (244,855,000) (23,852,000)
Purchases of other investments (4,540,000) (1,509,000)
Distributions from other investments 5,467,000 3,942,000
Purchases of bank premises and equipment (7,615,000) (7,160,000)
Proceeds from sales of bank premises and equipment 8,207,000 2,010,000
Proceeds from sales of other real estate owned 682,000 43,000
Net cash used in by investing activities (139,865,000) (6,094,000)
Financing activities:    
Net increase (decrease) in non-interest bearing demand deposits 124,390,000 (50,151,000)
Net increase in savings and interest bearing demand deposits 31,011,000 29,183,000
Net decrease in time deposits (59,556,000) (90,423,000)
Net decrease in securities sold under repurchase agreements (144,574,000) (32,833,000)
Net increase in other borrowed funds 153,125,000 46,375,000
Purchase of treasury stock (121,000) (7,959,000)
Proceeds from stock transactions 1,092,000 168,000
Payments of cash dividends - common (21,793,000) (19,123,000)
Net cash provided by (used in) financing activities 83,574,000 (124,763,000)
Increase (decrease) in cash and cash equivalents 47,723,000 (27,702,000)
Cash and cash equivalents at beginning of period 269,198,000 273,053,000
Cash and cash equivalents at end of period 316,921,000 245,351,000
Supplemental cash flow information:    
Interest paid 10,242,000 23,207,000
Income taxes paid 34,941,000 26,175,000
Non-cash investing and financing activities:    
Purchases of available-for-sale securities not yet settled 30,612,000 6,804,000
Net transfer from loans to other real estate owned $ 1,450,000 $ 1,983,000