XML 24 R9.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 76,425 $ 75,074 $ 61,747
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for loan losses 18,285 19,539 22,424
Depreciation and amortization of premises and equipment 8,646 8,324 7,948
Net accretion on securities 2,554 3,216 5,058
Amortization of intangible assets 4,864 5,047 4,872
Stock based compensation 4,086 3,521 4,305
Bank owned life insurance income (4,334) (5,349) (3,793)
Trading security purchases (810) (1,626) (1,085)
(Gains) losses in trading securities 226 (388) (776)
Proceeds from sale of loans held for sale 72,498 7,050 71,342
Originations and purchases of loans held for sale (69,677) (10,215) (66,512)
Net gains on sales of loans held for sale (239) (17) (1,288)
Net security gains (3,087) (92) (1,426)
Net gains on sales of other real estate owned (1,337) (459) (1,106)
Gain on sale of equity investment (4,179) (19,401) 0
Prepayment penalties on long-term debt 0 17,902 0
Net decrease (increase) in other assets 15,386 (19,601) 22,807
Net (decrease) increase in other liabilities 5,236 5,286 (5,219)
Net cash provided by operating activities 124,543 87,811 119,298
Investing activities      
Net cash (used in) provided by acquisitions (3,100) 0 80,883
Securities available for sale:      
Proceeds from maturities, calls, and principal paydowns 299,302 236,133 376,509
Proceeds from sales 15,091 189 27,593
Purchases (481,262) (197,652) (353,714)
Securities held to maturity:      
Proceeds from maturities, calls, and principal paydowns 79,212 44,756 34,413
Purchases (95,272) (49,479) (84,621)
Other:      
Net increase in loans (315,363) (212,238) (255,318)
Proceeds from FHLB stock redemption 60,852 78,441 27,409
Purchases of Federal Reserve and FHLB stock (64,899) (64,203) (36,366)
Proceeds from settlement of bank owned life insurance 1,541 6,064 0
Purchases of premises and equipment, net (8,193) (9,003) (5,766)
Proceeds from sales of equity investment 4,179 19,639 0
Proceeds from sales of other real estate owned 3,908 3,612 5,224
Net cash used in investing activities (504,004) (143,741) (183,754)
Financing activities      
Net (decrease) increase in deposits 305,238 409,381 (7,545)
Net increase (decrease) in short-term borrowings 125,679 (139,240) 271,497
Proceeds from issuance of long-term debt 0 120,051 0
Repayments of long-term debt (498) (315,831) (163,595)
Proceeds from the issuance of shares to employee benefit plans and other stock plans 7,649 6,256 5,334
Purchase of treasury stock (26,797) (72) (12,459)
Cash dividends and payment for fractional shares (38,149) (36,905) (33,518)
Net cash provided by financing activities 373,122 43,640 59,714
Net (decrease) increase in cash and cash equivalents (6,339) (12,290) (4,742)
Cash and cash equivalents at beginning of year 146,636 158,926 163,668
Cash and cash equivalents at end of year 140,297 146,636 158,926
Cash paid during the period for:      
Interest 20,908 23,387 31,307
Income taxes, net of refund 28,684 38,912 20,848
Noncash investing activities:      
Loans transferred to other real estate owned 3,293 4,330 4,746
Preferred stock acquired from sale of equity investment 0 2,762 0
Transfer of available for sale securities to held to maturity portfolio 0 332,115 0
Acquisitions:      
Fair value of assets acquired 4,100 0 1,505,490
Fair value of liabilities assumed $ 0 $ 0 $ 1,285,718