| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net income | ||||||||||
198,075 | 172,595 | 96,787 | 88,526 | 75,063 | 65,000 | 48,349 | 67,303 | 66,739 | 59,251 | 221,337 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Provision for credit losses | ||||||||||
30,598 | 14,586 | 3,582 | 10,140 | 9,641 | 1,528 | 8,909 | 50,020 | 83,291 | 96,708 | 56,084 |
Depreciation and amortization | ||||||||||
28,138 | 24,171 | 12,645 | 13,037 | 13,266 | 12,785 | 14,270 | 15,833 | 11,951 | 10,978 | 8,626 |
Stock-based compensation expense | ||||||||||
8,000 | 6,200 | 5,400 | 5,400 | 4,049 | 3,970 | 3,803 | 4,186 | 3,935 | 3,084 | 2,799 |
Pension Cost (Reversal of Cost) | ||||||||||
1,000 | 900 | -600 | -1,200 | -1,042 | -1,137 | 5,496 | -481 | -1,349 | 2,011 | 914 |
Net amortization (accretion) on investment securities | ||||||||||
-11,430 | -10,846 | -10,798 | -8,476 | -7,899 | -7,379 | -13,088 | -12,171 | -5,224 | -998 | -1,148 |
Net (gain) loss on sales of investment securities | ||||||||||
-406 | -161 | 1,649 | 234 | 1,505 | 70 | 1,724 | 3,628 | 2,541 | 0 | 3,349 |
Loss on trading securities | ||||||||||
- | - | - | - | - | - | - | - | - | -30 | 139 |
Gain on acquisition | ||||||||||
- | - | - | - | - | - | - | - | - | - | -342,494 |
Originations of loans held for sale | ||||||||||
390,578 | 157,771 | 157,796 | 232,526 | 246,845 | 145,377 | 152,324 | 223,075 | 157,825 | 166,333 | 141,697 |
Gain (Loss) on Sales of Loans, Net | ||||||||||
14,851 | 6,071 | 5,169 | 6,804 | 6,471 | 4,364 | 3,150 | 4,570 | 4,258 | 4,632 | 1,196 |
Proceeds from sales of loans held for sale | ||||||||||
396,121 | 167,374 | 163,300 | 246,829 | 242,029 | 144,803 | 158,853 | 232,523 | 166,541 | 146,029 | 138,633 |
Deferred income taxes | ||||||||||
12,590 | 6,267 | -4,488 | 346 | 4,192 | -22,405 | -25,328 | -14,085 | -14,463 | -11,460 | 116,399 |
Amortization of operating leases | ||||||||||
7,324 | 0 | 0 | - | - | - | - | - | - | - | - |
Operating Lease, Payments | ||||||||||
7,335 | 0 | 0 | - | - | - | - | - | - | - | - |
Decrease (increase) cash surrender value of life insurance | ||||||||||
3,748 | 5,454 | 3,792 | 186 | 5,379 | 4,255 | 4,187 | -1,422 | 805 | 3,819 | 3,586 |
Decrease (increase) in interest receivable | ||||||||||
-2,117 | 3,808 | 5,707 | 1,456 | 995 | 1,903 | 1,181 | -3,267 | 1,438 | -8,584 | 7,424 |
Increase (Decrease) in Other Receivables | ||||||||||
0 | -1,900 | -10,117 | - | - | - | - | - | - | - | - |
Decrease (increase) in prepaid expenses | ||||||||||
- | - | - | - | - | - | -495 | -5,321 | -6,230 | -4,832 | 17,721 |
Decrease in indemnification asset | ||||||||||
- | - | - | -5,613 | -5,036 | -22,425 | -74,516 | -53,402 | -49,639 | -64,759 | -349 |
(Decrease) increase in accrued expenses | ||||||||||
- | - | - | - | - | - | -1,536 | 3,374 | -17,422 | 7,828 | 26,187 |
(Decrease) increase in interest payable | ||||||||||
1,545 | 5,207 | 55 | 46 | 2,296 | 30 | -350 | -1,686 | -1,853 | 757 | -1,274 |
Decrease (increase) in other assets | ||||||||||
166,477 | -34,360 | 21,455 | 1,108 | 33,370 | 8,156 | - | - | - | - | - |
(Decrease) increase in other liabilities | ||||||||||
71,964 | -10,043 | 21,478 | 7,700 | 23,703 | -13,599 | - | - | - | - | - |
Contribution to pension plan | ||||||||||
- | - | - | - | - | - | - | - | - | 60,000 | 30,800 |
Other | ||||||||||
- | - | - | - | - | - | -26,355 | -10,537 | -11,482 | -25,410 | -16,657 |
Net cash provided by (used in) operating activities | ||||||||||
186,329 | 261,398 | 123,524 | 142,600 | 91,567 | 56,654 | 164,354 | 211,834 | 203,078 | 185,015 | 39,453 |
Investing activities | ||||||||||
Proceeds from sales of securities available-for-sale | ||||||||||
519,136 | 290,745 | 189,962 | 206,990 | 70,219 | 166,356 | 92,684 | 240,316 | 165,153 | 0 | 152,751 |
Proceeds from calls, paydowns and maturities of securities available-for-sale | ||||||||||
557,034 | 387,351 | 224,690 | 186,132 | 120,953 | 101,420 | 186,820 | 269,236 | 342,973 | 168,385 | 185,308 |
Purchases of securities available-for-sale | ||||||||||
834,743 | 852,131 | 723,131 | 396,984 | 547,901 | 147,854 | 214,398 | 1,022,772 | 1,027,754 | 618,978 | 113,151 |
Proceeds from Sale of Held-to-maturity Securities | ||||||||||
- | - | - | 4,862 | 0 | 0 | - | - | - | - | - |
Proceeds from calls, paydowns and maturities of securities held-to-maturity | ||||||||||
18,062 | 36,671 | 121,903 | 127,021 | 140,059 | 105,623 | 157,647 | 154,071 | 12,002 | 1,288 | 708 |
Purchases of securities held-to-maturity | ||||||||||
0 | 14,014 | 23,402 | 11,196 | 3,520 | 140,426 | 233,111 | 7,521 | 0 | 577 | 248 |
Payments to Acquire Other Investments | ||||||||||
12,120 | 31,385 | 2,353 | 4,239 | - | - | - | - | - | - | - |
Net decrease (increase) in interest-bearing deposits with other banks | ||||||||||
-19,210 | -3,764 | 48,476 | -48,716 | -11,104 | 3,200 | -1,489 | 351,057 | -198,446 | 85,065 | -262,017 |
Net decrease (increase) in loans and leases | ||||||||||
409,557 | 28,577 | 266,043 | 376,848 | 390,312 | 226,558 | 108,417 | -15,792 | 53,946 | -24,746 | 214,531 |
Net decrease in covered assets | ||||||||||
- | - | - | - | - | - | - | - | -340,877 | -374,532 | -150,185 |
Proceeds from Sale of Other Real Estate | ||||||||||
1,453 | 3,797 | 6,983 | 9,356 | 15,817 | 30,570 | 27,319 | 35,357 | 40,994 | 14,168 | 5,665 |
Purchases of premises and equipment | ||||||||||
20,934 | 18,228 | 6,537 | 9,726 | 7,467 | 10,609 | 7,295 | 25,502 | 23,541 | 22,789 | 13,180 |
Net cash acquired (paid) from business combinations | ||||||||||
51,663 | 64,895 | 0 | 0 | 305,591 | 34,300 | 0 | 0 | 620,640 | 0 | 285,562 |
Net cash (paid) received for branch divestitures | ||||||||||
-118 | 41,197 | 0 | 0 | - | - | - | - | - | - | - |
Net cash proceeds received from FDIC-assisted transactions | ||||||||||
- | - | - | - | - | - | - | - | - | - | 967,391 |
Net cash provided by (used in) investing activities | ||||||||||
-252,424 | -205,837 | -429,452 | -313,348 | -918,847 | -83,978 | -100,240 | 10,034 | 218,952 | 25,840 | 1,144,443 |
Financing activities | ||||||||||
Net (decrease) increase in total deposits | ||||||||||
69,953 | -18,690 | 369,258 | 346,164 | 523,882 | 249,630 | -118,333 | -687,000 | -310,029 | -204,391 | -536,669 |
Net (decrease) increase in short-term borrowings | ||||||||||
275,490 | 30,531 | 6,653 | -130,513 | 277,033 | -162,248 | 124,179 | 525,139 | 39,589 | 22,412 | -372,103 |
Payments of long-term debt | ||||||||||
159,653 | 52,460 | 94 | 86 | 46,238 | 33,220 | 14,394 | 1,313 | 52,308 | 255,486 | 107,103 |
Proceeds from FHLB borrowings | ||||||||||
0 | 150,000 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from Issuance of Subordinated Long-term Debt | ||||||||||
- | - | - | - | 120,000 | 0 | 0 | - | - | - | - |
Redemption of other long-term debt | ||||||||||
- | - | - | - | - | - | - | - | 20,620 | 0 | 0 |
Cash dividends paid on common stock | ||||||||||
89,097 | 79,655 | 41,178 | 39,125 | 39,070 | 34,848 | 61,429 | 67,797 | 35,312 | 22,490 | 19,024 |
Cash dividends paid on preferred stock | ||||||||||
- | - | - | - | - | - | - | - | - | 1,100 | 3,578 |
Redemption of preferred stock | ||||||||||
- | - | - | - | - | - | - | - | - | 80,000 | 0 |
Issuance of common stock, net of issuance costs | ||||||||||
- | - | - | - | - | - | - | - | - | 91,224 | 97,985 |
Treasury stock purchase | ||||||||||
66,218 | 0 | 0 | - | 4,498 | 697 | 11,778 | 6,806 | 0 | 0 | - |
Proceeds from exercise of stock options | ||||||||||
90 | 284 | 341 | 801 | 744 | 1,056 | 73 | 320 | 63 | 272 | 0 |
Excess tax benefit on share-based compensation | ||||||||||
- | - | - | 264 | 146 | 153 | 686 | 438 | 259 | 535 | -189 |
Net cash provided by (used in) financing activities | ||||||||||
30,565 | 30,010 | 334,980 | 177,505 | 831,999 | 19,826 | -80,996 | -237,019 | -378,358 | -449,024 | -940,681 |
Cash and due from banks: | ||||||||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | ||||||||||
-35,530 | 85,571 | 29,052 | 6,757 | 4,719 | -7,498 | -16,882 | -15,151 | 43,672 | -238,169 | 243,215 |
Supplemental schedule for investing activities | ||||||||||
Interest paid | ||||||||||
121,779 | 84,125 | 49,474 | 33,233 | 20,961 | 18,154 | 17,238 | 29,276 | 46,774 | 67,235 | 58,519 |
Income taxes paid | ||||||||||
27,497 | 16,004 | 38,329 | 37,566 | 31,193 | 61,180 | 36,312 | 54,685 | 60,438 | 45,665 | 16,485 |
Acquisition of other real estate owned through foreclosure | ||||||||||
2,448 | 3,182 | 4,119 | 2,872 | 8,398 | 10,537 | 37,700 | 29,956 | 53,865 | 50,714 | 19,052 |
Real Estate Owned, Transfer to Real Estate Owned excluding acquired OREO | ||||||||||
- | 1,821 | - | - | - | - | - | - | - | - | - |
Issuance of restricted stock awards | ||||||||||
10,488 | 8,797 | 6,416 | 5,759 | 7,760 | 4,601 | 4,730 | 4,943 | 4,188 | 4,719 | 2,418 |
Securities transferred from HTM to AFS | ||||||||||
268,703 | 372,128 | 0 | 0 | - | - | - | - | - | - | - |
Stock Issued During Period, Value, Acquisitions | ||||||||||
60,934 | 1,043,424 | 0 | 0 | - | 60,429 | 0 | 0 | - | - | - |
Supplemental schedule for investing activities | ||||||||||
Goodwill, Acquired During Period | ||||||||||
57,520 | 676,200 | 0 | 0 | - | - | - | 0 | - | - | - |