XML 65 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 54,317 $ 51,900 $ 45,621
Adjustments to reconcile to net cash provided by operating activities:      
Provision for loan losses 1,258 3,100 4,515
Depreciation and amortization 11,077 10,840 9,682
Net amortization of securities premiums and discounts 1,563 1,401 3,907
Realized securities gains (420) (4,915) (1,598)
Gain on sales of loans (2,306) (2,773) (2,015)
Cash receipts from the sale of loans originated for sale 200,946 231,802 166,254
Cash disbursements for loans originated for sale (193,853) (230,666) (164,665)
Deferred income tax benefit (483) (689) (5,282)
Gain on other assets (790) (232) (1,060)
Decrease in interest receivable 284 2,686 3,874
Decrease in interest payable (375) (540) (595)
Amortization of stock-based compensation arrangements 1,360 1,530 3,075
Other, net 5,512 (3,148) 697
Net cash provided by operating activities 78,090 60,296 62,410
INVESTING ACTIVITIES      
Net cash and due from banks provided by acquisitions     27,741
Net decrease/(increase) in Federal funds sold 700 (300) 40,807
Purchases of held for investment securities (902) (2,525) (6,400)
Purchases of available for sale securities (157,139) (106,759) (286,186)
Proceeds from maturities, calls and paydowns of held for investment securities 5,816 8,616 5,932
Proceeds from maturities, calls and paydowns of available for sale securities 181,769 145,740 393,526
Proceeds from sales of available for sale securities 521 6,025 61,668
Purchases of loans (66,587) (29,380) (41,395)
Proceeds from sales of loans 88,166 49,385 9,458
Net other increase in loans (174,915) (252,905) (63,956)
Purchases of premises, equipment and computer software (13,896) (13,438) (16,380)
Proceeds from the sale of other assets 5,389 9,651 15,588
Net cash (used in) provided by investing activities (131,078) (185,890) 140,403
FINANCING ACTIVITIES      
Net increase in demand, transaction and savings deposits 47,914 467,688 433,205
Net decrease in time deposits (69,225) (64,593) (71,967)
Net increase/(decrease) in short-term borrowings 19 (3,703) (9,862)
Pay down of long-term borrowings (2,240) (9,298) (25,541)
Issuance of common stock 5,200 3,540 1,398
Common stock acquired (2,710) (256) (10,799)
Redemption of Junior Subordinated Debentures   (9,279)  
Cash dividends paid (13,583) (21,090) (15,593)
Net cash (used in) provided by financing activities (34,625) 363,009 300,841
Net decrease/(increase) in cash, due from banks and interest-bearing deposits (87,613) 237,415 503,654
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,945,148 1,707,733 1,204,079
Cash, due from banks and interest-bearing deposits at the end of the period 1,857,535 1,945,148 1,707,733
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the year for interest 14,142 18,312 25,520
Cash paid during the year for income taxes 20,946 25,975 29,202
Noncash investing and financing activities:      
Unpaid common stock dividends declared $ 4,744   $ 4,029