XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net Income $ 71,990,000 $ 61,819,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for Credit Losses 9,219,000 10,043,000
Depreciation and amortization 4,628,000 8,117,000
Gains on sale of loans (8,464,000) (9,364,000)
Securities premium amortization (discount accretion), net 3,412,000 2,304,000
Origination of loans held for sale (606,213,000) (726,230,000)
Proceeds from sale of loans held for sale 584,051,000 744,198,000
Net increase in cash surrender value of BOLI (1,171,000) (1,191,000)
Increase in deferred income taxes (754,000) (2,915,000)
Decrease in value of other real estate owned 200,000 750,000
Net (gain) loss on sale of other real estate owned (657,000) 209,000
Net gain on sale of investment securities (1,123,000) (2,224,000)
Loss on early extinguishment of debt 1,130,000
Stock-based compensation expense 5,159,000 3,660,000
Tax benefits realized from stock compensation (166,000) (1,945,000)
Increase in other assets (8,590,000) (4,149,000)
Increase in other liabilities 13,035,000 5,475,000
Net cash provided by operating activities 64,556,000 89,687,000
Cash Flows From Investing Activities:    
Decrease in interest bearing deposits with other banks and short-term investments 784,000 374,000
Purchases of available for sale investment securities (106,163,000) (241,280,000)
Proceeds from maturities of available for sale securities 65,727,000 32,021,000
Proceeds from sale/call of available for sale securities 94,217,000 65,790,000
Purchases of Federal Reserve and Federal Home Loan Bank stock (3,017,000) (2,405,000)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock (8,100,000)
Net increase in loans (491,720,000) (472,089,000)
Proceeds from sale of other real estate owned 3,614,000 1,846,000
Purchases of BOLI (499,000)
Purchases of annuities (992,000)
Bank premises and equipment acquired (4,836,000) (2,053,000)
Net cash used in investing activities (441,394,000) (611,187,000)
Cash Flows From Financing Activities:    
Increase in deposits 399,705,000 615,820,000
(Decrease) increase in customer repurchase agreements (714,000) 3,773,000
Issuance of common stock 94,633,000
Increase (decrease) in short-term borrowings 50,000,000 (100,000,000)
Increase (decrease) in long-term borrowings 147,491,000 (49,300,000)
Payment of dividends on preferred stock (539,000)
Proceeds from exercise of stock options 282,000 4,640,000
Tax benefits realized from stock compensation 166,000 1,945,000
Payment in lieu of fractional shares (4,000)
Proceeds from employee stock purchase plan 572,000 562,000
Net cash provided by financing activities 597,502,000 571,530,000
Net Increase In Cash and Cash Equivalents 220,664,000 50,030,000
Cash and Cash Equivalents at Beginning of Period 298,363,000 256,025,000
Cash and Cash Equivalents at End of Period 519,027,000 306,055,000
Supplemental Cash Flows Information:    
Interest paid 18,196,000 15,800,000
Income taxes paid 47,950,000 38,550,000
Non-Cash Investing Activities    
Transfers from loans to other real estate owned 2,500,000 1,725,000
Transfers from other real estate owned to loans $ 2,192,000