| 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 | |||||||||||
Net income per consolidated statements of income | |||||||||||
150,460 | 149,584 | 105,630 | 108,411 | 116,038 | 123,562 | 117,060 | 117,283 | 106,841 | 100,636 | 93,047 | 92,417 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Credit loss expense, net | |||||||||||
10,839 | 16,988 | 7,699 | 14,714 | 11,800 | 7,382 | -7,382 | 12,294 | 30,328 | 49,546 | 77,112 | 76,412 |
Depreciation and amortization | |||||||||||
39,420 | 38,940 | 38,471 | 36,613 | 37,056 | 36,072 | 37,153 | 29,275 | 25,273 | 25,646 | 26,489 | 26,914 |
Net amortization of securities | |||||||||||
-7,789 | -9,181 | -10,964 | -9,664 | -7,793 | -7,701 | -6,427 | -7,008 | -9,187 | -3,264 | 110 | 1,109 |
Securities (gains) losses, net | |||||||||||
0 | 0 | 15 | -310 | 0 | 300 | 485 | 1,059 | 80 | 2,329 | 5,467 | -505 |
Gains on sales of loans, net | |||||||||||
27,301 | 21,615 | 18,933 | 20,531 | 17,953 | 10,762 | 26,422 | 33,918 | 11,952 | 15,317 | 21,705 | -6,046 |
Compensation expense, long-term incentive plan | |||||||||||
-4,787 | -3,870 | -4,309 | - | - | - | - | - | - | - | - | - |
Decrease in FDIC indemnification asset | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Bargain purchase gain on acquisitions | |||||||||||
- | - | - | - | - | - | - | 3,635 | 7,456 | 0 | 0 | - |
Deferred income tax provision | |||||||||||
-3,880 | 11,740 | 26,068 | 18,000 | 14,800 | 18,700 | 21,163 | -8,452 | -9,683 | -6,389 | -4,477 | -17,673 |
Proceeds from sales of loans held for sale | |||||||||||
1,431,003 | 1,114,020 | 1,197,821 | 1,404,852 | 1,264,303 | 924,289 | 1,383,967 | 1,849,712 | 981,349 | 1,164,541 | 1,627,971 | 1,350,017 |
Purchases and originations of loans held for sale | |||||||||||
1,480,752 | 1,052,339 | 1,179,187 | 1,392,155 | 1,279,321 | 893,569 | 1,270,460 | 1,856,293 | 1,003,803 | 1,127,346 | 1,553,674 | -1,413,152 |
Originations of mortgage servicing rights | |||||||||||
16,711 | 15,759 | 15,860 | 16,745 | 17,598 | 12,293 | 18,481 | -23,253 | -14,160 | -16,885 | -9,590 | -19,515 |
Earnings on bank-owned life insurance | |||||||||||
5,592 | 5,358 | 5,025 | 4,883 | 4,824 | 4,728 | 1,446 | 423 | - | - | - | - |
Net change in other assets | |||||||||||
30,729 | 1,891 | -23,451 | 20,129 | -28,794 | -4,886 | -54,885 | 15,241 | -34,423 | -1,588 | 61,545 | 11,039 |
Net change in other liabilities | |||||||||||
13,276 | -1,277 | 9,093 | 7,284 | 6,608 | -6,010 | -2,319 | 16,482 | 2,609 | 736 | -1,391 | -27,471 |
Other operating activities, net | |||||||||||
-23,838 | 6,886 | -2,121 | -2,932 | -5,043 | -16,337 | -7,523 | -22,497 | 30,713 | 29,087 | 5,657 | 39,117 |
Net cash from operating activities | |||||||||||
116,447 | 239,198 | 206,607 | 148,337 | 172,539 | 211,267 | 301,183 | 112,277 | 173,589 | 206,778 | 172,317 | 112,663 |
Investing Activities | |||||||||||
Proceeds from maturities, prepayments and calls of securities held to maturity | |||||||||||
173,385 | 149,308 | 174,976 | 277,373 | 126,546 | 93,471 | 13,374 | 15,534 | 83,219 | 92,324 | 37,217 | 30,207 |
Proceeds from maturities, prepayments and calls of securities available for sale | |||||||||||
425,260 | 423,617 | 467,194 | 486,915 | 479,927 | 405,186 | 766,858 | 917,316 | 749,149 | 650,419 | 388,781 | 230,021 |
Proceeds from sales of securities available for sale | |||||||||||
0 | 0 | 27,682 | 24,693 | 0 | 56,814 | 227,930 | 34,826 | 22,996 | 65,074 | 188,460 | 157,949 |
Purchases of securities held to maturity | |||||||||||
0 | 0 | 69,989 | 239,446 | 107,679 | 90,114 | 35,045 | 0 | 0 | - | 10,428 | 14,833 |
Purchases of securities available for sale | |||||||||||
177,739 | 23,901 | 346,159 | 547,112 | 504,920 | 631,713 | 1,227,860 | 1,122,480 | 1,026,936 | 1,227,199 | 691,195 | 1,458,061 |
Net proceeds from bank-owned life insurance | |||||||||||
-4,140 | -1,824 | -3,623 | -2,585 | -648 | 0 | 100,000 | 0 | - | - | - | - |
Net change in federal funds sold and securities purchased under reverse repurchase agreements | |||||||||||
830 | -215 | 6,785 | -250 | 1,635 | 5,368 | -207 | 2,212 | 3,515 | -5,399 | 17,027 | -5,404 |
Net change in member bank stock | |||||||||||
-262 | -35,451 | -4,474 | 8,386 | 18,480 | 0 | 0 | - | - | - | - | - |
Net change in loans | |||||||||||
480,295 | 140,710 | 608,886 | 677,296 | 528,050 | 437,240 | -18,266 | -250,508 | -141,988 | -138,071 | -256,885 | -218,149 |
Purchases of premises and equipment | |||||||||||
17,327 | 14,644 | 13,219 | 10,208 | 12,757 | 12,389 | 15,989 | 17,172 | 12,184 | 6,720 | 6,279 | 16,861 |
Proceeds from sales of premises and equipment | |||||||||||
3,248 | 772 | 8,377 | 6,799 | 3,061 | 4,641 | 4,168 | 4 | 537 | 183 | 623 | 170 |
Proceeds from sales of other real estate | |||||||||||
11,182 | 20,502 | 26,849 | 42,809 | 48,898 | 48,119 | 46,267 | 34,992 | 54,104 | 48,019 | 18,290 | 8,289 |
Purchases of software | |||||||||||
13,412 | 13,195 | 5,498 | 8,024 | 8,741 | 0 | 0 | - | - | - | - | - |
Investments in tax credit and other partnerships | |||||||||||
3,426 | 22 | 5,296 | 116 | 4,578 | 5,435 | 45,766 | 20,152 | - | - | - | - |
Purchase of insurance book of business | |||||||||||
347 | 0 | 0 | - | 2,787 | 0 | 0 | - | - | - | - | - |
Distributions received for investments in tax credit and other partnerships | |||||||||||
- | - | - | - | - | 7,037 | 0 | 0 | - | - | - | - |
Net cash received in business combination | |||||||||||
- | - | - | - | - | - | 89,037 | 78,151 | 78,896 | 0 | 0 | - |
Net cash used in business acquisition | |||||||||||
0 | 0 | 19,775 | 0 | 0 | - | - | - | - | - | - | - |
Net cash from investing activities | |||||||||||
-74,239 | 438,787 | -348,862 | -649,664 | -527,277 | -556,255 | -258,967 | 173,739 | 95,284 | -245,228 | 199,381 | -850,374 |
Financing Activities | |||||||||||
Net change in deposits | |||||||||||
-118,854 | 786,899 | 355,342 | 467,782 | -110,128 | -161,544 | 223,131 | 121,358 | 317,447 | -143,898 | 364,595 | -45,402 |
Net change in federal funds purchased and securities sold under repurchase agreements | |||||||||||
205,549 | -419,356 | -69,990 | 98,775 | -2,501 | 191,956 | -37,242 | -315,671 | -95,638 | 47,106 | -158,097 | 350,366 |
Net change in short-term borrowings | |||||||||||
561 | -905,396 | -67,451 | -150,748 | -7,293 | 348,920 | -20,858 | -1,641 | -389,666 | 147,689 | -518,504 | 234,951 |
Payments on long-term FHLB advances | |||||||||||
68 | 67 | 65 | 94 | 94 | 156 | 531 | 0 | 309 | 0 | 0 | - |
Payments under finance lease obligations | |||||||||||
1,964 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from long-term FHLB advances | |||||||||||
- | - | - | 250,000 | 500,000 | 0 | 0 | - | - | - | 75,000 | 0 |
Redemption of junior subordinated debt securities | |||||||||||
0 | 0 | 3,000 | 0 | 0 | - | 33,000 | 0 | 0 | 8,248 | 0 | 0 |
Payment of subordinated debt | |||||||||||
- | - | - | 50,000 | 0 | 0 | - | - | - | - | - | - |
Common stock dividends | |||||||||||
59,804 | 62,425 | 62,795 | 62,666 | 62,605 | 62,474 | 62,276 | 59,961 | 59,485 | 59,302 | 53,295 | 53,022 |
Common stock issued-net, long-term incentive plan | |||||||||||
- | - | - | - | - | -1,307 | 3,640 | -1,318 | -595 | 1,273 | 593 | 567 |
Repurchase and retirement of common stock | |||||||||||
56,615 | 62,421 | 0 | 750 | 0 | 0 | - | - | - | - | - | - |
Shares withheld to pay taxes, long-term incentive plan | |||||||||||
1,658 | 1,426 | 1,724 | 1,017 | 863 | - | - | - | - | - | - | - |
Excess tax expense from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | -195 | -808 | 81 | 454 | 1,855 | 591 | 198 |
Proceeds from issuance of preferred stock and warrant (2010 element) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 215,000 |
Repurchase of preferred stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 215,000 | 0 |
Preferred stock dividends | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11,288 | 0 |
Common stock issued-net, long-term incentive plans | |||||||||||
- | - | - | - | - | - | - | - | - | - | 109,296 | 0 |
Repurchase of common stock warrant | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10,000 | 0 |
Net cash from financing activities | |||||||||||
-32,853 | -664,192 | 150,317 | 551,282 | 316,516 | 315,200 | 72,056 | -257,152 | -227,792 | -13,525 | -416,109 | 702,658 |
Net change in cash and cash equivalents | |||||||||||
9,355 | 13,793 | 8,062 | 49,955 | -38,222 | -29,788 | 114,272 | 28,864 | 41,081 | -51,975 | -44,411 | -35,053 |