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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income from continuing operations $ 101,521 $ 109,219 $ 49,116
Net income from discontinued operations (4,071) (3,454) 6,131
Net income 97,450 105,765 55,247
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 35,419 25,451 21,025
Net amortization of securities 2,407 2,837 1,678
Change in unamortized net loan origination costs and premiums 12,759 (1,004) 2,232
Premises and equipment depreciation and amortization expense 10,921 10,442 9,499
Stock-based compensation expense 4,812 4,759 5,102
Accretion of purchase accounting entries, net (14,813) (24,000) (18,189)
Amortization of other intangibles 5,783 4,934 3,493
Write down of other real estate owned 0 0 10
Income from cash surrender value of bank-owned life insurance policies (5,349) (6,232) (3,615)
Securities (gains) losses, net (4,389) 3,719 (12,598)
Net change in loans held-for-sale (5,137) 1,460 10,511
Change in right-of-use lease assets 12,031    
Change in lease liabilities (12,217)    
Loss on disposition of assets 3,443 152 686
Loss (gain) on sale of real estate 5 0 (51)
Amortization of interest in tax-advantaged projects 6,455 4,618 8,477
Remeasurement of deferred tax asset 0 0 18,145
Net change in other (23,232) 30,601 13,842
Net cash provided by operating activities of continuing operations 130,419 166,956 109,363
Net cash (used) provided by operating activities of discontinued operations (18,894) 55,298 (31,272)
Net cash provided by operating activities 111,525 222,254 78,091
Cash flows from investing activities:      
Net decrease in trading security 701 665 632
Purchases of marketable equity securities (23,841) (24,538) (27,435)
Proceeds from sales of marketable equity securities 43,075 38,104 51,382
Purchases of securities available for sale (119,671) (257,547) (471,211)
Proceeds from sales of securities available for sale 136,229 499 137,539
Proceeds from maturities, calls, and prepayments of securities available for sale 240,586 188,076 206,648
Purchases of securities held to maturity (7,260) (15,391) (77,208)
Proceeds from maturities, calls, and prepayments of securities held to maturity 21,602 36,746 12,600
Net change in loans 694,657    
Net change in loans   (801,876) (468,331)
Acquisitions, net of cash paid 110,774 0 374,611
Proceeds from surrender of bank-owned life insurance 2,451 854 310
Purchase of bank-owned life insurance 0 0 (20,000)
Purchase of Federal Home Loan Bank stock (112,208) (76,090) (88,351)
Proceeds from sales of Federal Home Loan Bank stock 149,455 61,831 96,378
Net investment in limited partnership tax credits (4,387) (4,724) (5,102)
Purchase of premises and equipment, net (10,565) (9,349) (11,256)
Proceeds from sales of seasoned commercial loan portfolios 81,147 0 0
Payment to terminate cash flow hedges 0 0 6,573
Proceeds from sales of other real estate owned 150 1,600 590
Net investing cash flows (used) by discontinued operations (313) (377) (1,272)
Net cash provided (used) by investing activities 1,202,582 (861,517) (282,903)
Cash flows from financing activities:      
Net increase in deposits 23,996 233,704 418,550
Proceeds from Federal Home Loan Bank advances and other borrowings 5,384,982 4,767,766 5,978,358
Repayments of Federal Home Loan Bank advances and other borrowings (6,228,780) (4,387,223) (6,174,781)
Issuance of common stock, net 0 0 152,985
Purchase of treasury stock (52,746) 0 0
Exercise of stock options 188 326 329
Common and preferred stock cash dividends paid (45,107) (40,884) (33,241)
Acquisition contingent consideration paid 0 0 (1,700)
Net cash (used) provided by financing activities (917,467) 573,689 340,500
Net change in cash and cash equivalents 396,640 (65,574) 135,688
Cash and cash equivalents at beginning of year 183,189 248,763 113,075
Cash and cash equivalents at end of year 579,829 183,189 248,763
Supplemental cash flow information:      
Interest paid on deposits 119,695 74,565 43,133
Interest paid on borrowed funds 33,406 32,274 21,336
Income taxes paid, net 19,818 3,029 18,323
Acquisition of non-cash assets and liabilities:      
Assets acquired 1,595,054 0 1,584,786
Liabilities assumed (1,530,010) 0 (1,959,489)
Other non-cash changes:      
Other net comprehensive income/(loss) 25,463 (12,274) (5,605)
Real estate owned acquired in settlement of loans 0 1,600 490
Reclass of aircraft, HOA, and SBA loan portfolios to HFS, net (120,307) 0 0
Goodwill measurement period adjustment $ 942 $ 0 $ 0