XML 18 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 57,298 $ 56,561
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 12,506 12,647
Depreciation and amortization of premises and equipment 6,494 6,172
Net accretion on securities 1,851 2,692
Amortization of intangible assets 3,636 3,821
Stock based compensation 3,397 2,817
Bank owned life insurance income (3,418) (3,455)
Purchases of trading securities (767) (1,618)
Losses (gains) on trading securities 660 (225)
Proceeds from sales of loans held for sale 50,998 4,024
Originations and purchases of loans held for sale (49,125) (6,872)
Net gains on sales of loans held for sale (108) (3)
Net security gains (43) (59)
Net gain on sales of other real estate owned (1,241) (351)
Gain on sale of equity investment (4,179) (19,401)
Prepayment penalties on long-term debt 0 17,903
Net decrease (increase) in other assets 8,846 (19,117)
Net increase in other liabilities 6,252 3,239
Net cash provided by operating activities 93,057 58,775
Securities available for sale:    
Proceeds from maturities, calls, and principal paydowns 229,347 178,430
Purchases (272,596) (175,033)
Securities held to maturity:    
Proceeds from maturities, calls, and principal paydowns 61,379 26,830
Purchases (74,951) (33,601)
Other:    
Net increase in loans (294,187) (191,327)
Proceeds from FHLB stock redemption 39,740 63,186
Purchases of Federal Reserve and FHLB stock (41,115) (50,974)
Proceeds from settlement of bank owned life insurance 1,541 1,319
Purchases of premises and equipment (4,999) (6,616)
Proceeds from sale of equity investment 4,179 19,639
Proceeds from the sales of other real estate owned 3,049 2,863
Net cash used in investing activities (348,613) (165,284)
Financing activities    
Net increase in deposits 301,022 424,715
Net increase (decrease) in short-term borrowings 45,530 (80,405)
Proceeds from issuance of long-term debt 0 120,051
Repayments of long-term debt (310) (315,721)
Proceeds from the issuance of shares to employee benefit plans and other stock plans 3,028 1,203
Purchase of treasury stock (26,797) (72)
Cash dividends (28,553) (27,653)
Net cash provided by financing activities 293,920 122,118
Net increase in cash and cash equivalents 38,364 15,609
Cash and cash equivalents at beginning of period 146,636 158,926
Cash and cash equivalents at end of period 185,000 174,535
Cash paid during the period for:    
Interest 16,252 18,714
Income taxes paid 19,027 36,978
Noncash investing activities:    
Loans transferred to other real estate owned 2,699 1,135
Preferred stock acquired from sale of equity investment 0 2,762
Transfer of available for sale securities to held to maturity portfolio $ 0 $ 332,115