XML 28 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 164,049,000 $ 160,316,000 $ 157,364,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, accretion and restricted stock expense 22,988,000 21,217,000 17,347,000
Cash received from (paid to) FDIC under loss share 1,730,000 720,000 2,502,000
Stock option compensation expense 90,000 231,000 324,000
Provision (release) for loan losses (6,250,000) (11,162,000) (15,401,000)
Loss (gain) on sale of investment securities and real estate owned, net (16,476,000) (28,527,000) (2,510,000)
Loss on extinguishment of debt 0 10,554,000 0
Decrease (increase) in accrued interest receivable 2,760,000 11,608,000 (2,819,000)
Decrease (increase) in FDIC loss share receivable 0 1,795,000 (1,795,000)
Decrease (increase) in federal and state income tax receivable 5,153,000 13,829,000 18,890,000
Decrease (increase) in cash surrender value of bank owned life insurance (5,627,000) (2,496,000) 0
Gain (Loss) on Disposition of Property Plant Equipment (3,563,000) 0 0
Decrease (increase) in other assets (14,204,000) (29,220,000) (17,799,000)
Increase (decrease) in accrued expenses and other liabilities 71,071,000 (5,994,000) 17,612,000
Net cash provided (used) by operating activities 221,721,000 142,871,000 173,715,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Origination of loans and principal repayments, net (622,884,000) (554,350,000) (261,401,000)
Loans purchased (105,420,000) (279,936,000) (218,544,000)
FHLB & FRB stock purchase (36,347,000) (4,067,000) 0
FHLB & FRB stock redeemed 26,340,000 55,708,000 14,017,000
Available-for-sale securities purchased (137,591,000) (315,114,000) (1,280,477,000)
Principal payments and maturities of available-for-sale securities 537,255,000 721,951,000 609,395,000
Proceeds from sales of available-for-sale investment securities 50,741,000 246,826,000 0
Held-to-maturity securities purchased 0 (259,489,000) 0
Principal payments and maturities of held-to-maturity securities 218,958,000 159,947,000 103,617,000
Net cash received from mergers and acquisitions 0 0 1,776,660,000
Proceeds from sales of real estate owned 61,132,000 74,895,000 89,549,000
Purchase of bank owned life insurance (100,000,000) (100,000,000) 0
Proceeds from Sale of Property, Plant, and Equipment 14,685,000 0 0
Premises and equipment purchased and REO improvements (37,933,000) (36,860,000) (51,794,000)
Net cash provided (used) by investing activities (131,064,000) (290,489,000) 781,022,000
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in customer accounts (30,775,000) (85,073,000) (226,914,000)
Proceeds from borrowings 1,118,000,000 100,000,000 0
Repayments of borrowings (868,000,000) (210,554,000) 0
Proceeds from exercise of common stock options and related tax benefit 9,283,000 2,070,000 10,252,000
Dividends paid on common stock (49,926,000) (51,111,000) (42,065,000)
Repurchase of warrants (7,744,000) 0 0
Treasury stock purchased (87,850,000) (126,728,000) (104,291,000)
Increase (decrease) in advance payments by borrowers for taxes and insurance (7,326,000) 21,220,000 (13,439,000)
Net cash provided (used) by financing activities 75,662,000 (350,176,000) (376,457,000)
Increase (decrease) in cash and cash equivalents 166,319,000 (497,794,000) 578,280,000
Cash and cash equivalents at beginning of year 284,049,000 781,843,000 203,563,000
Cash and cash equivalents at end of year 450,368,000 284,049,000 781,843,000
Non-cash investing activities      
Real estate acquired through foreclosure 16,535,000 31,916,000 46,469,000
Cash paid during the year for      
Interest 114,506,000 116,226,000 128,733,000
Income taxes 68,507,000 65,720,000 64,372,000
Summary of non-cash activities related to acquisitions      
Fair value of assets and intangibles acquired, including goodwill 0 0 80,242,000
Fair value of liabilities assumed 0 0 (1,856,902,000)
Net fair value of acquired assets (liabilities) $ 0 $ 0 $ (1,776,660,000)