XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities:    
Net Income $ 111,959 $ 84,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 6,060 4,884
Depreciation and amortization 5,292 5,161
Gains on sale of loans (4,632) (6,740)
Securities premium amortization (discount accretion), net 3,297 2,799
Origination of loans held for sale (325,109) (481,917)
Proceeds from sale of loans held for sale 336,109 514,306
Net increase in cash surrender value of BOLI (1,073) (1,108)
(Increase) decrease in deferred income tax benefit (6,426) 1,293
Net loss on sale of other real estate owned   301
Net gain on sale of investment securities (68) (542)
Stock-based compensation expense 5,174 4,199
Net tax benefits from stock compensation 108 460
Increase in other assets (11,894) (23,059)
(Decrease) increase in other liabilities (10,886) 9,553
Net cash provided by operating activities 107,911 114,253
Cash Flows From Investing Activities:    
Purchases of available for sale investment securities (246,501) (144,554)
Proceeds from maturities of available for sale securities 68,901 55,732
Proceeds from sale/call of available for sale securities 31,974 70,079
Purchases of Federal Reserve and Federal Home Loan Bank stock (47,811) (27,665)
Proceeds from redemption of Federal Reserve and Federal Home Loan Bank stock 46,878 18,285
Net increase in loans (435,773) (408,447)
Purchases of BOLI (10,000)  
Proceeds from sale of other real estate owned   2,144
Bank premises and equipment acquired (727) (2,459)
Net cash used in investing activities (593,059) (436,885)
Cash Flows From Financing Activities:    
Increase in deposits 518,321 197,838
(Decrease) increase in customer repurchase agreements (40,115) 4,693
Increase in short-term borrowings   200,000
Proceeds from exercise of equity compensation plans 338 257
Proceeds from employee stock purchase plan 608 631
Net cash provided by financing activities 479,152 403,419
Net (Decrease) Increase In Cash and Cash Equivalents (5,996) 80,787
Cash and Cash Equivalents at Beginning of Period 190,473 368,163
Cash and Cash Equivalents at End of Period 184,477 448,950
Supplemental Cash Flows Information:    
Interest paid 53,405 31,257
Income taxes paid $ 39,900 52,800
Non-Cash Investing Activities    
Transfers from loans to other real estate owned   $ 1,145