| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Amortization of loan premiums | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 134 |
Accretion of discounts on time deposits with banks | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1 |
Net income | |||||||||||
205,104 | 215,931 | 157,436 | 133,932 | 136,726 | 153,151 | 126,351 | 107,835 | 127,149 | 130,023 | 142,742 | 132,112 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Provision for probable loan losses | |||||||||||
18,843 | 6,112 | 11,221 | 19,859 | 24,405 | 14,423 | 22,968 | 27,959 | 17,318 | 22,812 | 58,833 | 19,813 |
Accretion of time deposit discounts | |||||||||||
- | - | - | - | - | - | - | - | 11 | 14 | 14 | 36 |
Specific reserve, other real estate owned | |||||||||||
-322 | -3,071 | -710 | -2,351 | -1,023 | -779 | -1,204 | -1,776 | -9,806 | 657 | 44 | - |
Depreciation of bank premises and equipment | |||||||||||
28,270 | 25,873 | 25,281 | 24,738 | 25,009 | 24,013 | 26,017 | 26,756 | 34,935 | 35,395 | 35,879 | 36,700 |
Gain on sale of bank premises and equipment | |||||||||||
237 | 1,456 | 38 | 450 | -14 | 3,658 | 2,089 | 538 | 361 | 22 | -80 | -282 |
Gain on sale of other real estate owned | |||||||||||
1,470 | 1,465 | 703 | -86 | 57 | 933 | 460 | -488 | 738 | 266 | 291 | - |
Depreciation and amortization of leased assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 300 | 880 |
Accretion of investment securities discounts | |||||||||||
428 | 271 | 393 | 539 | 1,704 | 2,608 | 4,025 | 3,195 | 2,081 | 1,693 | 1,940 | 1,405 |
Amortization of investment securities premiums | |||||||||||
20,549 | 20,087 | 24,040 | 26,873 | 28,000 | 26,729 | 44,245 | 30,501 | 18,362 | 13,211 | 6,911 | 6,017 |
Investment securities transactions, net | |||||||||||
-12 | -141 | -4,774 | -2,626 | -3,682 | 1,283 | 9,601 | 38,446 | 17,285 | 33,209 | 11,956 | 6,427 |
Impairment charges on available for sale securities | |||||||||||
- | - | - | 354 | 954 | 817 | 1,374 | 1,039 | 977 | 8,416 | - | - |
Unrealized gain on equity securities with readily determinable fair values | |||||||||||
158 | -388 | - | - | - | - | - | - | - | - | - | - |
Accretion of junior subordinated debenture discounts | |||||||||||
- | - | - | - | - | - | - | - | 9 | 35 | 34 | 119 |
Amortization of identified intangible assets | |||||||||||
- | - | 25 | 128 | 644 | 2,389 | 4,633 | 4,651 | 5,293 | 5,284 | 5,286 | 5,195 |
Stock based compensation expense | |||||||||||
980 | 1,035 | 903 | 1,082 | 1,172 | 1,058 | 414 | 474 | 387 | 534 | 655 | 692 |
Losses (earnings) from affiliates and other investments | |||||||||||
3,914 | 15,484 | 13,198 | 14,315 | 12,176 | 10,903 | 18,806 | 9,892 | 11,633 | 15,023 | 16,891 | 11,324 |
Deferred tax expense | |||||||||||
3,309 | 5,143 | 4,570 | 7,306 | -332 | -1,027 | -1,817 | 7,923 | -2,299 | -3,532 | -3,035 | -4,683 |
Increase in accrued interest receivable | |||||||||||
-183 | 2,347 | 2,284 | 600 | 111 | 807 | -380 | -968 | -3,658 | -6,071 | -6,981 | -5,589 |
Increase in other assets | |||||||||||
-8,043 | 51,827 | 16,117 | -7,494 | -2,967 | 1,621 | -20,612 | 5,392 | -2,303 | -7,824 | 28,656 | 10,677 |
Increase in other liabilities | |||||||||||
32,157 | 24,916 | 592 | -7,705 | -6,567 | -7,482 | -2,274 | 7,106 | -4,966 | 1,652 | -12,253 | -18,878 |
Net cash provided by operating activities | |||||||||||
311,565 | 229,847 | 196,819 | 203,220 | 203,649 | 193,037 | 209,126 | 160,013 | 180,823 | 178,155 | 182,709 | 154,104 |
Investing activities: | |||||||||||
Proceeds from maturities of securities | |||||||||||
- | 2,275 | - | 1,200 | 1,075 | - | 1,200 | 1,125 | 1,425 | 4,423 | 1,637 | 18,124 |
Proceeds from sales and calls of available for sale securities | |||||||||||
94,585 | 38,175 | 396,066 | 352,743 | 164,163 | 621,588 | 178,123 | 1,382,231 | 1,102,849 | 1,149,021 | 579,099 | 8,376 |
Proceeds from sales of equity securities with readily determinable fair values | |||||||||||
- | 21,607 | - | - | - | - | - | - | - | - | - | - |
Purchases of available for sale securities | |||||||||||
893,301 | 47,346 | 1,182,006 | 1,325,657 | 352,513 | 971,358 | 1,384,254 | 3,081,034 | 2,231,330 | 2,666,596 | 1,280,925 | 2,002,446 |
Principal collected on mortgage backed securities | |||||||||||
882,479 | 675,304 | 780,097 | 919,594 | 854,736 | 787,361 | 1,223,532 | 1,294,197 | 999,419 | 1,085,817 | 1,224,938 | 1,186,450 |
Proceeds from matured time deposits with banks | |||||||||||
- | - | - | - | - | - | - | - | - | - | 396 | 4,457 |
Net increase in loans | |||||||||||
375,621 | 258,142 | 394,267 | 38,523 | 297,689 | 502,129 | 444,919 | -170,072 | -306,915 | -164,241 | -112,663 | 344,418 |
Purchases of other investments | |||||||||||
52,795 | 43,418 | 26,193 | 49,013 | 16,355 | 20,602 | 2,475 | 4,228 | 11,941 | 7,438 | 11,430 | 60,567 |
Distributions from other investments | |||||||||||
44,919 | 3,668 | 20,344 | 23,276 | 18,293 | 18,152 | 5,457 | -7,410 | 33,320 | 20,910 | 56,988 | 7,385 |
Purchases of bank premises and equipment | |||||||||||
29,590 | 21,395 | 14,315 | 38,856 | 19,831 | 50,360 | 50,016 | 62,030 | 20,393 | 15,953 | 61,015 | 68,537 |
Proceeds from sales of bank premises and equipment | |||||||||||
1,861 | 4,533 | 2,201 | 3,701 | 4,515 | 8,424 | 2,533 | 7,575 | 1,719 | 2,005 | 1,052 | 838 |
Proceeds from sales of other real estate owned | |||||||||||
9,405 | 4,179 | 14,266 | 13,772 | 16,831 | 18,525 | 23,170 | 38,766 | 25,324 | 8,362 | 15,066 | - |
Purchase of identified intangible asset | |||||||||||
- | - | - | - | - | - | - | 280 | 174 | 235 | 259 | 1,074 |
Net cash used in investing activities | |||||||||||
-318,058 | 379,440 | -403,807 | -137,763 | 373,225 | -90,399 | -447,649 | -261,016 | 207,133 | -255,443 | 638,210 | -1,251,412 |
Financing activities: | |||||||||||
Net increase in non-interest bearing demand deposits | |||||||||||
91,065 | 211,585 | 85,204 | 8,433 | 219,365 | 263,743 | 200,760 | 538,732 | 287,942 | -122,277 | -57,129 | 52,957 |
Net decrease (increase) in savings and interest-bearing demand deposits | |||||||||||
-408 | 23,106 | 41,403 | 183,506 | -5,458 | 100,068 | 58,461 | 159,458 | 184,851 | -260,290 | -180,950 | 210,987 |
Net increase (decrease) in time deposits | |||||||||||
38,832 | -83,038 | -191,804 | -118,103 | -116,279 | -168,611 | -303,009 | -357,069 | -126,248 | 38,998 | 81,158 | -34,842 |
Net increase (decrease) in securities sold under repurchase agreements | |||||||||||
6,547 | -123,816 | -151,180 | -322,787 | -30,578 | -99,031 | -172,298 | -218,950 | -84,641 | -8,547 | 686 | 112,148 |
Net decrease (increase) in other borrowed funds | |||||||||||
-79,154 | -489,560 | 461,850 | 227,625 | -568,194 | -150,006 | 474,923 | 254,866 | -532,619 | -320,845 | -1,175,361 | 1,066,050 |
Redemption of long-term debt | |||||||||||
25,774 | - | - | 1,000 | 14,000 | 15,310 | - | - | 10,400 | - | - | - |
Repurchase of outstanding common stock warrant | |||||||||||
- | 29,005 | - | - | - | - | - | - | - | - | - | - |
Purchase of treasury stock | |||||||||||
17,845 | 19,042 | 187 | 7,966 | 6,678 | 18,923 | - | 1,716 | 6,435 | 6,949 | 9,346 | 1,077 |
Redemption of Series A preferred shares | |||||||||||
- | - | - | - | - | - | - | 216,000 | - | - | - | - |
Proceeds from stock transactions | |||||||||||
1,923 | 1,522 | 1,455 | 549 | 1,370 | 555 | 265 | 51 | 113 | 484 | 2,705 | 216,894 |
Payments of cash dividends - common | |||||||||||
68,670 | 49,599 | 43,594 | 39,569 | 38,515 | 34,762 | 28,894 | 26,894 | 25,648 | 24,444 | 23,262 | 45,253 |
Payments of dividends on preferred stock | |||||||||||
- | - | - | - | - | - | - | 10,260 | 10,800 | 10,800 | 9,660 | - |
Net cash (used in) provided by financing activities | |||||||||||
-53,484 | -557,847 | 203,147 | -69,312 | -558,967 | -122,277 | 230,208 | 122,218 | -323,885 | 50,464 | -895,001 | 1,049,976 |
(Decrease) increase in cash and cash equivalents | |||||||||||
-59,977 | 51,440 | -3,841 | -3,855 | 17,907 | -19,639 | -8,315 | 21,215 | 64,071 | -26,824 | -74,082 | -47,332 |
Supplemental cash flow information: | |||||||||||
Interest paid | |||||||||||
56,728 | 50,623 | 38,995 | 44,069 | 44,560 | 47,273 | 56,818 | 77,431 | 97,699 | 116,037 | 146,778 | 245,509 |
Income taxes paid | |||||||||||
44,089 | 40,565 | 66,983 | 49,925 | 65,234 | 80,374 | 60,532 | 36,303 | 60,922 | 78,435 | 83,830 | 69,646 |
Non-cash investing and financing activities: | |||||||||||
Purchases of available-for-sale securities not yet settled | |||||||||||
- | - | - | - | - | - | - | - | 72,538 | 160,216 | 100,829 | 84,768 |
Net transfers from loans to other real estate owned | |||||||||||
22,015 | 32,610 | 2,588 | 2,563 | 3,775 | 2,363 | 9,688 | 54,441 | 32,005 | 59,429 | 22,487 | 28,776 |
Establishment of lease liability and right-of-use asset | |||||||||||
6,171 | - | - | - | - | - | - | - | - | - | - | - |
Accrued dividends, preferred shares | |||||||||||
- | - | - | - | - | - | - | - | 1,350 | 1,350 | 1,350 | - |