XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 43,338 $ 66,004
Adjustments to reconcile to net cash provided by operating activities:    
Provision for credit losses 38,916 4,117
Depreciation and amortization 8,967 7,517
Net amortization of securities premiums and discounts (340) (3,650)
Realized securities losses (gains) 545 (821)
Gain on sales of loans (2,342) (1,566)
Cash receipts from the sale of loans originated for sale 171,433 98,587
Cash disbursements for loans originated for sale (179,996) (99,782)
Deferred income tax benefit (3,987) (893)
Gain on sale of other assets (2,289) (455)
Increase in interest receivable (3,438) (2,064)
(Decrease)/increase in interest payable (943) 461
Amortization of stock-based compensation arrangements 832 541
Excess tax benefit from stock-based compensation arrangements (143) (263)
Other, net 12,094 4,374
Net cash provided by operating activities 82,647 72,107
INVESTING ACTIVITIES    
Net cash received from acquisitions, net of cash paid 18,397  
Net decrease in federal funds sold 1,000  
Purchases of held for investment securities (1,395) (1,010)
Purchases of available for sale securities (255,178)  
Proceeds from maturities, calls and paydowns of held for investment securities 470 440
Proceeds from maturities, calls and paydowns of available for sale securities 148,365 358,972
Purchase of equity securities (234) (2,649)
Proceeds from paydowns and sales of equity securities 437 1,892
Net change in loans (993,997) (121,426)
Purchases of premises, equipment and computer software (30,292) (12,907)
Purchase of tax credits (357) (6,946)
Other, net 5,641 3,053
Net cash (used in) provided by investing activities (1,107,143) 219,419
FINANCING ACTIVITIES    
Net change in deposits 958,030 8,118
Net change in short-term borrowings 7,000 (675)
Proceeds from long-term borrowings 3,000  
Issuance of common stock in connection with stock options, net 535 781
Common stock acquired (3,098)  
Cash dividends paid (20,909) (19,567)
Net cash provided by (used in) financing activities 944,558 (11,343)
Net (decrease)/increase in cash, due from banks and interest-bearing deposits (79,938) 280,183
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,868,281 1,424,255
Cash, due from banks and interest-bearing deposits at the end of the period 1,788,343 1,704,438
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 15,053 27,882
Cash paid during the period for income taxes 5,075 17,175
Noncash investing and financing activities:    
Fair value of assets acquired in acquisitions 47,838  
Liabilities assumed in acquisitions 45,040  
Unpaid common stock dividends declared $ 10,447 $ 9,788