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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2013
Net Cash (Acquired) Paid in Acquisitions and Divestitures

The following table presents the components of net cash acquired, or paid, in acquisitions and divestitures, an investing activity in the Company’s statements of cash flows, in the periods indicated:

 

     Year Ended December 31,  
(Amounts in thousands)        2013          2012     2011  

Acquisitions

       

Fair value of assets and liabilities acquired:

       

Investments

   $ —         $ 62,919      $ —     

Loans

     281         419,320        —     

Premises and equipment

     —           7,535        —     

Other assets

     —           255,924        —     

Deposits

     —           (649,184     —     

Other liabilities

     —           (60,085     —     

Purchase price in excess of net assets acquired

     663         21,810        680   
  

 

 

    

 

 

   

 

 

 

Total purchase price

     944         58,239        680   

Non-cash purchase price

     247         26,469        —     

Cash acquired

     —           184,053        —     
  

 

 

    

 

 

   

 

 

 

Net cash paid (acquired) in acquisitions

     697         (152,283     680   

Divestitures

       

Book value of assets sold

     —           —          (1,678

Book value of liabilities sold

     —           —          170   

Sales price in excess of net liabilities assumed

     —           —          (67
  

 

 

    

 

 

   

 

 

 

Total sales price

     —           —          (1,575

Cash sold

     —           —          —     

Amount due remaining on books

     —           —          60   
  

 

 

    

 

 

   

 

 

 

Net cash acquired in divestitures

     —           —          (1,515
  

 

 

    

 

 

   

 

 

 

Net cash paid (acquired) in acquisitions and divestitures

   $ 697       $ (152,283   $ (835