XML 48 R8.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 99,372 $ 93,089
Adjustments to reconcile to net cash provided by operating activities:    
Provision for loan losses 6,875 2,286
Depreciation and amortization 11,627 9,804
Net amortization of securities premiums and discounts (3,764) (141)
Realized securities gains (821) (37)
Gain on sales of loans (2,530) (2,253)
Cash receipts from the sale of loans originated for sale 164,319 145,840
Cash disbursements for loans originated for sale (169,740) (142,207)
Deferred income tax (benefit) provision (752) 83
Gain on other assets (454) (341)
Decrease (increase) in interest receivable 1,243 (2,380)
Increase in interest payable 235 764
Amortization of stock-based compensation arrangements 888 981
Excess tax benefit from stock-based compensation arrangements (288) (1,067)
Other, net 6,255 1,188
Net cash provided by operating activities 112,465 105,609
INVESTING ACTIVITIES    
Net cash received from acquisitions, net of cash paid 77,672 6,248
Net (increase)/decrease in federal funds sold (300) 22,948
Purchases of held for investment securities (1,010) (225)
Purchases of available for sale securities (99,093) (168,971)
Proceeds from maturities, calls and paydowns of held for investment securities 527 1,077
Proceeds from maturities, calls and paydowns of available for sale securities 369,073 121,581
Proceeds from sales of available for sale securities   31,286
Purchase of equity securities (2,806) (2,118)
Proceeds from paydowns and sales of equity securities 1,897 1,414
Net change in loans (250,095) 81,000
Purchases of premises, equipment and computer software (19,865) (44,398)
Other, net (2,593) (2,283)
Net cash provided by investing activities 73,407 47,559
FINANCING ACTIVITIES    
Net change in deposits 121,260 (101,874)
Net (decrease)/increase in short-term borrowings (1,075) 1,300
Issuance of common stock in connection with stock options, net 913 2,137
Cash dividends paid (29,359) (20,440)
Net cash provided by/(used in) financing activities 91,739 (118,877)
Net increase in cash, due from banks and interest-bearing deposits 277,611 34,291
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,424,255 1,757,875
Cash, due from banks and interest-bearing deposits at the end of the period 1,701,866 1,792,166
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 42,100 29,096
Cash paid during the period for income taxes 26,775 24,255
Noncash investing and financing activities:    
Stock issued in acquisitions   39,498
Cash consideration for acquisitions 123,457 24,722
Fair value of assets acquired in acquisitions 729,365 377,320
Liabilities assumed in acquisitions 605,908 338,860
Unpaid common stock dividends declared $ 10,445 $ 9,823