XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income from continuing operations $ 48,226 $ 59,082
Net income from discontinued operations 857 197
Net income 49,083 59,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 7,468 12,107
Net amortization of securities 1,228 1,460
Change in unamortized net loan costs and premiums 5,693 (1,520)
Premises and equipment depreciation and amortization expense 4,952 5,056
Stock-based compensation expense 2,004 2,798
Accretion of purchase accounting entries, net (4,642) (11,114)
Amortization of other intangibles 2,675 2,514
Income from cash surrender value of bank-owned life insurance policies (2,463) (2,359)
Securities (gains) losses, net (2,568) 784
Net (decrease) in loans held-for-sale (5,478) (1,843)
Change in right-of-use lease assets 6,488  
Change in lease liabilities (6,638)  
Loss on disposition of assets 1,615 0
Amortization of interest in tax-advantaged projects 2,517 2,100
Net change in other (5,320) 357
Net cash provided by operating activities of continuing operations 55,757 69,422
Net cash (used) provided by operating activities of discontinued operations (81,825) 1,461
Net cash (used) provided by operating activities (26,068) 70,883
Cash flows from investing activities:    
Net decrease in trading security 347 328
Purchases of marketable equity securities (12,393) (12,688)
Proceeds from sales of marketable equity securities 11,896 26,096
Purchases of securities available for sale (15,180) (165,312)
Proceeds from sales of securities available for sale 82,978 0
Proceeds from maturities, calls, and prepayments of securities available for sale 89,766 93,049
Purchases of securities held to maturity (459) (7,781)
Proceeds from maturities, calls, and prepayments of securities held to maturity 9,287 23,981
Net change in loans 219,395 (413,717)
Proceeds from surrender of bank-owned life insurance 0 459
Purchase of Federal Home Loan Bank stock (52,212) (41,118)
Proceeds from sale of Federal Home Loan Bank stock 78,121 28,673
Net investment in limited partnership tax credits (1,815) (2,464)
Purchase of premises and equipment, net (4,111) (7,958)
Acquisitions, net of cash (paid) acquired 110,774 0
Proceeds from sale of other real estate 0 1,600
Net investing cash flows from discontinued operations (2) 0
Net cash provided (used) by investing activities 516,392 (476,852)
Cash flows from financing activities:    
Net increase in deposits 249,777 90,009
Proceeds from Federal Home Loan Bank advances and other borrowings 2,242,517 2,287,896
Repayments of Federal Home Loan Bank advances and other borrowings (2,911,765) (2,061,307)
Purchase of treasury stock (3,326) 0
Exercise of stock options 14 101
Common and preferred stock cash dividends paid (21,424) (20,436)
Net cash (used) provided by financing activities (444,207) 296,263
Net change in cash and cash equivalents 46,117 (109,706)
Cash and cash equivalents at beginning of period 183,189 248,763
Cash and cash equivalents at end of period 229,306 139,057
Supplemental cash flow information:    
Interest paid on deposits 54,291 32,160
Interest paid on borrowed funds 20,318 14,202
Income taxes paid (refunded), net 3,752 (2,446)
Acquisition of non-cash assets and liabilities:    
Assets acquired 1,595,054 0
Liabilities assumed (1,530,010) 0
Other non-cash changes:    
Other net comprehensive income 24,771 (20,070)
Reclass of aircraft loan portfolio to held-for-sale 176,144 0
Real estate owned acquired in settlement of loans $ 0 $ 1,600