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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 46,407 $ 82,152
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Provision for loan and lease losses 8,647 4,682
Provision for unfunded loan commitments 2,257 185
Provision (reversal) for loan repurchases (1,477) (451)
Depreciation on premises and equipment 9,546 8,510
Amortization of intangible assets 3,062 3,823
Amortization of debt issuance cost 171 480
Net amortization (accretion) of premium and discount on securities (1,553) 1,061
Net amortization of deferred loan fees and costs (917) (663)
Accretion of discounts on purchased loans (4,502) (31,029)
Deferred income tax (benefit) expense (25,341) 5,197
Bank owned life insurance income (1,780) (1,738)
Share-based compensation expense 9,912 8,527
Loss on investments in alternative energy partnerships 26,791 17,660
Impairment on intangible assets 336 0
Debt redemption costs 0 2,737
Net revenue on mortgage banking activities (43,083) (127,638)
Net gain on sale of loans (10,737) (15,405)
Net gain on sale of securities available for sale (12,080) (30,100)
Loss from change of fair value on mortgage servicing rights 10,346 22,908
Loss on sale or disposal of property and equipment 894 78
Net gain on disposal of discontinued operations (13,749) 0
Gain on sale of subsidiary 0 (3,694)
Repurchase of mortgage loans (27,261) (29,458)
Originations of loans held-for-sale from mortgage banking (1,533,889) (3,824,562)
Originations of other loans held-for-sale (92,393) (545,920)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 1,962,308 3,853,406
Proceeds from sales of and principal collected on other loans held-for-sale 290,236 493,346
Change in accrued interest receivable and other assets 4,929 (58,724)
Change in accrued interest payable and other liabilities (96,259) 19,659
Net cash provided by (used in) operating activities 510,821 (144,971)
Cash flows from investing activities:    
Proceeds from sales of securities available-for-sale 937,173 3,783,965
Proceeds from maturities and calls of securities available-for-sale 262,378 0
Proceeds from principal repayments of securities available-for-sale 33,272 72,390
Proceeds from maturities and calls of securities held-to-maturity 143,505 0
Purchases of securities available-for-sale (769,290) (4,856,401)
Net cash provided by disposal of discontinued operations 56,076 0
Proceeds from sale of subsidiary 0 259
Loan and lease originations and principal collections, net (694,581) (1,448,427)
Purchase of loans and leases 0 (179,897)
Redemption of Federal Home Loan Bank stock 18,738 20,965
Purchase of Federal Home Loan Bank and other bank stock (17,959) (31,125)
Proceeds from sale of loans 604,538 276,264
Proceeds from sale of other real estate owned 1,652 1,592
Proceeds from sale of mortgage servicing rights 0 5
Proceeds from sale of premises and equipment 2,184 0
Additions to premises and equipment (13,093) (30,847)
Payments of capital lease obligations (764) (728)
Funding of equity investment (24,506) 0
Investments in alternative energy partnerships (45,926) (41,572)
Net cash provided by (used in) investing activities 493,397 (2,433,557)
Cash flows from financing activities:    
Net (decrease) increase in deposits (1,738,557) 2,775,234
Net increase (decrease) in short-term Federal Home Loan Bank advances 980,000 (110,000)
Repayment of long-term Federal Home Loan Bank advances (100,000) (50,000)
Proceeds from long-term Federal Home Loan Bank advances 100,000 0
Net increase in securities sold under repurchase agreements 36,520 0
Net (decrease) increase in other borrowings (68,000) 49,903
Net proceeds from issuance of common stock 0 175,090
Net proceeds from issuance of preferred stock 0 120,255
Redemption of preferred stock 0 (42,000)
Payment of amortizing debt (2,684) (3,773)
Redemption of long term debt 0 (84,750)
Proceeds from exercise of stock options 1,963 0
Cash settlement of stock options 0 (359)
Restricted stock surrendered due to employee tax liability (6,022) (3,886)
Dividend equivalents paid on stock appreciation rights (607) (556)
Dividends paid on preferred stock (15,338) (14,518)
Dividends paid on common stock (19,177) (15,633)
Net cash (used in) provided by financing activities (831,902) 2,795,007
Net change in cash and cash equivalents 172,316 216,479
Cash and cash equivalents at beginning of period 439,510 156,124
Cash and cash equivalents at end of period 611,826 372,603
Supplemental cash flow information    
Interest paid on deposits and borrowed funds 57,066 43,968
Income taxes paid 8,940 36,647
Income taxes refunds received 14,070 1
Supplemental disclosure of non-cash activities    
Transfer from loans to other real estate owned, net 3,068 844
Transfer of loans held-for-investment to loans held-for-sale 592,998 161,601
Transfer of loans held-for-sale to loans held-for-investment 88,591 7,115
Reclassification of securities held-to-maturity to securities available-for-sale 740,863 0
Equipment acquired under capital leases 70 16
Due on unsettled securities purchases 54,500 61,766
Recognition of sold loans that are subject to repurchase option $ 42,141 $ 11,072