| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
284,392 | 264,394 | 183,682 | 230,178 | 213,780 | 216,672 | |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||
Provision for credit losses | ||||||
13,800 | 22,180 | 18,500 | 8,600 | 9,900 | 11,100 | |
Depreciation, amortization and accretion, net | ||||||
67,824 | 54,903 | 62,019 | 52,176 | 25,675 | 25,917 | |
Deferred income taxes | ||||||
17,060 | -3,602 | 58,916 | 3,318 | -15,587 | -10,586 | |
Stock-based compensation | ||||||
7,826 | 6,185 | 5,292 | 4,507 | - | - | |
Net gains on sale of real estate | ||||||
- | - | 6,900 | - | - | - | |
Other gains | ||||||
-19 | 1,062 | 210 | 51 | 2,514 | - | |
Originations of loans held for sale | ||||||
19,164 | 29,707 | - | - | 160,481 | 104,781 | |
Proceeds from sales of loans held for sale | ||||||
18,156 | 29,467 | - | - | 167,215 | 103,106 | |
Net gains on sales of loans originated for investment and held for sale | ||||||
-1,102 | 199 | 16 | - | 3,650 | 2,003 | |
Net (gains) losses on investment securities | ||||||
-2,715 | - | - | 27,277 | 12,321 | 20,822 | |
OTTI losses on available-for-sale debt securities | ||||||
- | 24,100 | - | - | - | - | |
Change in assets and liabilities: | ||||||
Net increase in other assets | ||||||
20,923 | -11,859 | 42,359 | 49,571 | 79,942 | 89 | |
Net decrease in other liabilities | ||||||
-76,303 | -27,090 | -9,128 | -1,787 | 528 | 28,237 | |
Net cash (used in) provided by operating activities | ||||||
296,504 | 351,413 | 269,774 | 220,093 | 142,603 | 246,751 | |
Available-for-sale securities: | ||||||
Proceeds from maturities and principal repayments | ||||||
767,892 | 810,260 | 888,700 | 1,187,912 | 1,394,433 | 1,151,944 | |
Proceeds from calls and sales | ||||||
1,070,715 | - | - | - | - | - | |
Proceeds from sales | ||||||
- | - | - | 832,891 | 2,471,753 | 61,936 | |
Purchases | ||||||
1,301,041 | 130,252 | 1,088,417 | 3,108,687 | 2,916,767 | 2,233,733 | |
Other investments: | ||||||
Proceeds from sales | ||||||
14,292 | 12,842 | 15,517 | 23,203 | 40,712 | 21,226 | |
Purchases | ||||||
30,996 | 65,239 | 20,487 | 26,334 | 33,880 | 12,808 | |
Loans: | ||||||
Net increase in loans and leases resulting from originations and principal repayments | ||||||
-133,702 | -572,488 | -750,917 | 801,973 | 704,224 | 506,777 | |
Purchases of loans | ||||||
398,735 | 270,272 | 26,626 | - | - | - | |
Proceeds from sales of loans originated for investment | ||||||
407,698 | 562 | 9,711 | 291 | - | 3,768 | |
Proceeds from bank-owned life insurance | ||||||
7,682 | 1,151 | 4,482 | 10,357 | - | 1,922 | |
Purchases of premises, equipment and software | ||||||
29,354 | 35,880 | 10,068 | 15,541 | 19,119 | 20,740 | |
Proceeds from sales of premises and equipment | ||||||
2 | 65 | 8,139 | 71 | 3,214 | - | |
Purchases of mortgage servicing rights | ||||||
- | 6,444 | - | - | - | 14,579 | |
Proceeds from sales of other real estate owned | ||||||
759 | 718 | 929 | 1,031 | 7,620 | 3,347 | |
Other | ||||||
- | 2,832 | 2,044 | -94 | -90 | -2,345 | |
Net cash used in investing activities | ||||||
375,212 | -257,809 | -971,081 | -1,896,685 | 243,832 | -1,542,149 | |
Net increase (decrease) in deposits | ||||||
-705,074 | -462,054 | 817,590 | 732,608 | 1,336,545 | 1,147,033 | |
Net decrease in short-term borrowings | ||||||
- | - | -9,151 | -207,000 | -170,000 | -207,056 | |
Proceeds from long-term borrowings | ||||||
- | 600,000 | - | - | - | - | |
Repayment of long-term borrowings | ||||||
10 | 10 | 10 | 10 | 10 | 6 | |
Dividends paid | ||||||
138,246 | 131,036 | 122,810 | 85,797 | - | - | |
Distributions paid | ||||||
- | - | 2,118 | 361,200 | 164,228 | 192,527 | |
Stock tendered for payment of withholding taxes | ||||||
1,764 | 53 | 136 | 146 | - | - | |
Proceeds from employee stock purchase plan | ||||||
- | 342 | 528 | - | - | - | |
Common stock repurchased | ||||||
136,242 | 131,800 | - | - | - | - | |
Net cash provided by (used in) financing activities | ||||||
-981,336 | -124,611 | 683,893 | 78,455 | 1,002,307 | 747,444 | |
Net increase (decrease) in cash and cash equivalents | ||||||
-309,620 | -31,007 | -17,414 | -1,598,137 | 1,388,742 | -547,954 | |
Supplemental disclosures | ||||||
Interest paid | ||||||
102,457 | 80,381 | 36,633 | 25,870 | 22,086 | 24,081 | |
Income taxes paid, net of income tax refunds | ||||||
70,508 | 43,002 | 145,072 | 190,387 | 187,100 | 93,959 | |
Noncash investing and financing activities: | ||||||
Transfers from loans and leases to other real estate owned | ||||||
310 | 549 | 759 | 1,056 | 2,470 | 5,534 | |
Operating lease right-of-use assets obtained in exchange for new lease obligations | ||||||
1,401 | - | - | - | - | - | |
Transfers from loans and leases to loans held for sale | ||||||
408,264 | - | 10,251 | 291 | -3,260 | 2,916 | |
Obligation to fund low-income housing partnerships | ||||||
31,628 | 36,044 | 34,835 | - | - | - | |
Derivative liability entered into in connection with sale of investment securities | ||||||
- | - | - | 8,828 | - | - | |