| Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||
Net income | ||||||||
132,728 | 127,491 | 116,750 | 94,115 | 84,295 | 37,569 | 22,942 | 82,729 | 120,411 |
Adjustment to reconcile net income to net cash provided by operating activities: | ||||||||
Provision for credit losses | ||||||||
4,000 | -13,000 | - | 7,500 | 28,000 | 130,081 | 204,016 | 117,324 | 56,176 |
Depreciation and amortization | ||||||||
25,629 | 26,288 | 27,272 | 26,544 | 27,720 | 28,890 | 29,763 | 30,797 | 29,752 |
Deferred taxes | ||||||||
10,521 | -11,356 | -7,563 | 3,358 | -3,749 | -4,251 | -16,050 | -9,358 | -1,735 |
Amortization of intangibles | ||||||||
3,636 | 3,963 | 4,443 | 2,979 | 3,222 | 3,324 | 3,909 | 4,957 | 5,927 |
Amortization of debt securities premium and discount, net | ||||||||
-10,060 | -12,565 | -13,089 | -15,062 | -13,422 | -19,176 | -5,111 | -5,561 | 1,150 |
Share-based compensation expense | ||||||||
7,097 | 5,585 | 1,201 | 1,644 | 1,886 | 2,683 | 2,043 | 1,335 | 471 |
Security gains, net | ||||||||
128 | 136 | 37 | 46 | 442 | 12,127 | 2,569 | -55 | -5,849 |
Net deferred loan origination expense | ||||||||
6,587 | 6,677 | 6,809 | 7,639 | 7,944 | 8,357 | 8,948 | 9,813 | -8,839 |
Excess tax benefit from exercise of stock options | ||||||||
1,484 | 1,079 | 1,856 | 139 | -32 | -50 | 44 | 500 | -2,269 |
Increase in interest receivable | ||||||||
1,104 | -1,084 | -165 | -2,206 | -6,910 | -9,759 | -7,626 | -10,532 | 16,844 |
Increase (decrease) in interest payable | ||||||||
904 | -329 | -1,436 | -1,304 | -2,504 | -5,692 | -5,252 | -1,167 | -16,991 |
Realized gain on student loans sold | ||||||||
- | - | - | - | - | - | - | 3,690 | -704 |
Proceeds from student loans sold | ||||||||
- | - | - | - | - | - | - | 159,543 | 33,852 |
Origination of student loans held for sale | ||||||||
- | - | - | - | - | - | - | 33,407 | -90,088 |
Realized gain on mortgages sold | ||||||||
56,047 | 46,058 | 31,941 | 49,304 | 68,114 | 36,968 | 35,087 | 25,089 | -11,227 |
Proceeds from mortgages sold | ||||||||
1,698,588 | 1,468,729 | 914,084 | 1,530,589 | 2,019,225 | 1,262,709 | 1,462,230 | 1,565,435 | 969,245 |
Origination of mortgages held for sale | ||||||||
1,651,981 | 1,440,411 | 920,689 | 1,424,983 | 1,996,479 | 1,212,548 | 1,440,206 | 1,542,029 | -962,968 |
(Increase) decrease in prepaid pension asset | ||||||||
- | - | -26,263 | 3,705 | -16,795 | -25,056 | -1,596 | 51,322 | 28,981 |
Loss on other real estate owned, net | ||||||||
2,954 | 5,703 | 14,545 | 7,385 | 30,172 | 21,432 | - | - | - |
Increase in bank-owned life insurance | ||||||||
-7,585 | -7,457 | -8,848 | -8,314 | -8,074 | -7,663 | -6,293 | -5,499 | -7,170 |
Decrease in prepaid deposit insurance assessments | ||||||||
- | - | - | - | -11,086 | -20,088 | -17,299 | 49,625 | 1,444 |
Other, net | ||||||||
-27,705 | 8,401 | 3,496 | 7,784 | 5,198 | 2,905 | -18,088 | 33,256 | -44,472 |
Net cash provided by (used in) operating activities | ||||||||
143,496 | 133,306 | 142,129 | 203,732 | 160,657 | 276,116 | 223,998 | 280,025 | 123,639 |
Investing activities: | ||||||||
Proceeds from calls and maturities of held-to-maturity securities | ||||||||
- | - | - | - | - | 135,781 | 600,231 | 399,302 | 612,809 |
Proceeds from calls and maturities of available-for-sale securities | ||||||||
419,197 | 415,795 | 584,260 | 584,926 | 520,952 | 387,105 | 161,654 | 133,688 | 274,444 |
Proceeds from sales of held-to-maturity securities | ||||||||
- | - | - | - | - | - | - | - | 30,145 |
Purchases of held-to-maturity securities | ||||||||
- | - | - | - | - | 151,105 | 1,180,677 | 99,282 | 350,973 |
Proceeds from sales of available-for-sale securities | ||||||||
35 | 1,110 | - | - | 3,628 | 274,807 | 136,769 | 0 | 827,310 |
Purchases of available-for-sale securities | ||||||||
891,155 | 374,181 | 252,467 | 718,432 | 430,819 | 414,269 | 444,321 | 105,027 | 1,078,531 |
Net decrease in short-term investments | ||||||||
- | - | - | - | - | -150,000 | 75,000 | 0 | 0 |
Net increase in loans and leases | ||||||||
449,100 | 663,573 | 803,858 | 361,383 | -150,225 | -214,043 | -193,684 | 160,968 | 567,296 |
Purchases of premises and equipment | ||||||||
25,091 | 30,401 | 17,211 | 25,459 | 24,680 | 20,475 | 19,609 | 25,296 | 64,881 |
Proceeds from sale of premises and equipment | ||||||||
2,041 | 549 | 527 | 3,084 | 1,136 | 2,363 | 486 | 3,399 | 2,857 |
Acquisition of businesses, net of cash acquired | ||||||||
-11,197 | - | -7,060 | -17,360 | -5,971 | - | 0 | - | - |
Acquisition of Insurance Agency | ||||||||
- | - | - | - | - | 1,200 | 0 | 1,130 | 10,607 |
Proceeds from sale of other real estate owned | ||||||||
13,719 | 20,723 | 35,264 | 54,475 | 73,660 | 63,509 | - | - | - |
Proceeds of bank-owned life insurance, net of proceeds from death benefits | ||||||||
470 | 2,999 | 1,206 | - | -22,961 | 1,641 | - | - | - |
Other, net | ||||||||
156 | 25 | 20 | -117 | 23 | 51 | 68 | 65 | 900 |
Net cash provided by (used in) investing activities | ||||||||
-941,237 | -627,004 | -459,359 | -480,032 | 265,147 | 642,149 | -626,851 | 144,621 | -325,623 |
Financing activities: | ||||||||
Net increase in deposits | ||||||||
356,980 | 358,822 | 198,503 | -314,310 | 132,957 | -534,832 | 812,319 | 965,830 | -352,227 |
Net decrease in short-term debt and other liabilities | ||||||||
78,056 | 76,254 | -32,877 | 6,403 | 39,165 | -69,399 | -302,799 | -1,420,072 | 377,614 |
Redemption of junior subordinated debt securities | ||||||||
-10,310 | - | -8,248 | -128,866 | - | - | - | - | - |
Advances of long-term debt | ||||||||
500,000 | - | 8,000 | 50,000 | - | - | - | 30,000 | 200,000 |
Repayment of long-term debt | ||||||||
39,775 | 8,373 | 8,066 | 1,786 | - | 75,000 | 33 | 41 | 155 |
Issuance of common stock | ||||||||
2,773 | 10,441 | 11,583 | 912 | 110,229 | 20 | 420 | 6,320 | 15,653 |
Repurchase of common stock | ||||||||
24,161 | 70,438 | 711 | - | 75 | 57 | 0 | 0 | 326 |
Excess tax (benefit) expense from exercise of stock options | ||||||||
1,484 | 1,079 | 1,856 | 139 | -32 | -50 | 44 | 500 | 2,269 |
Payment of cash dividends | ||||||||
42,310 | 33,368 | 23,983 | 11,383 | 3,778 | 11,689 | 73,457 | 73,335 | 71,883 |
Net cash provided by financing activities | ||||||||
822,737 | 334,417 | 146,057 | -398,891 | 278,466 | -691,007 | 436,494 | -490,798 | 170,945 |
Increase in cash and cash equivalents | ||||||||
24,996 | -159,281 | -171,173 | -675,191 | 704,270 | 227,258 | 33,641 | -66,152 | -31,039 |