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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2014
Net Cash (Received) 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)    2014          2013          2012  

Acquisitions

        

Fair value of assets and liabilities acquired:

        

Investments

   $ —         $ —         $ 62,919   

Loans

     140         281         419,320   

Premises and equipment

     4,547         —           7,535   

Other assets

     4,563         —           255,924   

Deposits

     (318,877      —           (649,184

Other liabilities

     (76      —           (60,085

Purchase price in excess of net assets acquired

     1,721         663         21,810   
  

 

 

    

 

 

    

 

 

 

Total purchase price

     (307,982      944         58,239   

Non-cash purchase price

     —           247         26,469   

Cash acquired

     —           —           184,053   
  

 

 

    

 

 

    

 

 

 

Net cash (received) paid in acquisitions

     (307,982      697         (152,283

Divestitures

        

Book value of assets sold

     (83,283      —           —     

Book value of liabilities sold

     215,268         —           —     

Sales price in excess of net liabilities assumed

     (755      —           —     
  

 

 

    

 

 

    

 

 

 

Total sales price

     131,230         —           —     

Cash sold

     (1,852      —           —     
  

 

 

    

 

 

    

 

 

 

Net cash paid (received) in divestitures

     129,378         —           —     
  

 

 

    

 

 

    

 

 

 

Net cash (received) paid in acquisitions and divestitures

   $ (178,604    $ 697       $ (152,283