XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 35,573 $ 43,630
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of deferred loan origination fees, net of costs 2,526 2,849
Amortization of fair value premiums, net of discounts, on acquired loans 5 39
Amortization of investment securities premiums, net of accretion of discounts 6,108 6,541
Amortization of core deposit and customer relationship intangibles 1,105 1,258
Amortization of fair value premium of acquired deposits 0 268
FDIC Loss Share (Benefit) Expense (1,403) 10,745
Depreciation and amortization of premises and equipment 6,654 7,229
Deferred income taxes, net (2,619) 15,176
Provision for loan and lease losses, net 88,232 51,703
Stock-based compensation 811 1,014
Stock-based compensation excess tax benefit recognized in income (99) 0
(Gain) loss on:    
Sale of securities (6,896) (12,207)
Sale of mortgage loans held for sale (792) (1,294)
Derivatives (103) 78
Early extinguishment of debt 80 12,000
Foreclosed real estate 4,938 10,580
Sale of other repossessed asset 146 (1,498)
Sale of premises and equipment (539) 12
Originations of loans held-for-sale (103,194) (134,189)
Proceeds from sale of loans held-for-sale 68,758 51,238
Net (increase) decrease in:    
Trading securities 63 (92)
Accrued interest receivable (2,509) 2,671
Servicing Assets 40 (938)
Other assets 14,260 (13,394)
Net increase (decrease) in:    
Accrued interest on deposits and borrowings (345) (1,013)
Accrued expenses and other liabilities (4,745) (5,594)
Net cash provided by operating activities 106,055 46,812
Purchases of:    
Investment securities available-for-sale (128,969) (676)
Investment securities held-to-maturity 0 (81,261)
FHLB stock (26,730) (20,398)
Maturities and Redemptions of [Abstract]    
Investment securities available-for-sale 83,669 112,444
Investments securities held-to-maturity 65,877 56,058
FHLB Stock 23,507 28,469
Proceeds from sale of:    
Investment securities available for sale 256,996 300,483
Foreclosed real estate and other repossessed assets, including write-offs 31,829 36,983
Proceeds From Sale And Collection of Loans Held for Sale 0 1,149
Gain (Loss) on Sale of Property Plant Equipment (569) (48)
Origination and purchase of loans, excluding loans held-for-sale (546,616) (555,658)
Principal repayment of loans, including covered loans 571,098 616,518
(Repayment to) reimbursement to the FDIC for the termination of shared-loss agreements (10,125) 824
Additions to premises and equipment (4,271) (3,804)
Net change in restricted cash 0 (319)
Net cash provided by investing activities 316,834 491,498
Net increase (decrease) in:    
Deposits 180,958 35,449
Securities sold under agreements to repurchase (369,816) (287,865)
FHLB advances, federal funds purchased, and other borrowings (5,436) (228,157)
Subordinated capital notes 0 (66,550)
Exercise of stock options and restricted unit lapsed, net 0 (329)
Dividends paid on preferred stock (10,396) (10,396)
Dividends paid on common stock (7,912) (7,906)
Net cash used in financing activities (212,602) (565,754)
Net change in cash and cash equivalents 210,287 (27,444)
Cash and cash equivalents at beginning of period 510,439 536,709
Cash and cash equivalents at end of period 720,726 509,265
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:    
Interest paid 30,777 44,316
Income Taxes Paid 23 7,389
Mortgage loans securitized into mortgage-backed securities 69,148 71,315
Transfer from loans to foreclosed real estate and other repossessed assets 37,852 32,535
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio 33,647 123,137
Reclassification of loans held-for-sale portfolio to investment portfolio $ 112 $ 182