As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Cash Flows from Operating Activities

Interest and dividends received 277,593 279,210 296,885 363,217 331,953
Service charges and other fees received 29,604 31,044 35,003 35,915 31,441
Interest paid (9,467) (7,987) (8,286) (13,241) (16,155)
Net cash paid to vendors, employees and others (132,499) (125,726) (114,424) (168,573) (140,482)
Income taxes (58,500) (51,495) (70,250) (48,876) (59,347)
Payments to FDIC, loss share agreement NA NA NA NA 0
Net cash provided by operating activities NA NA NA NA 147,410

Cash Flows from Investing Activities

Proceeds from redemption of FHLB stock 7,750 1,423 1,952 17,250 0
Net change in interest-earning balances from depository institutions (5,573) 47,179 30,375 13,076 1,997
Proceeds from sale of investment securities held-for-sale 975 1,957 5,403 716,996 152,644
Proceeds from repayment of investment securities available-for-sale 395,430 448,823 425,666 383,155 268,766
Proceeds from maturity of investment securities available-for-sale 128,709 97,603 28,620 24,651 6,059
Purchases of investment securities available-for-sale (694,630) (461,674) (319,603) (98,709) (225,416)
Proceeds from repayment and maturity of investment securities held-to-maturity 51,025 281,141 118,540 81,816 81,001
Purchases of investment securities held-to-maturity 0 (346,334) (42,400) 0 (42,917)
Net increase in equity investments NA (1,277) (1,470) (24,863) (3,511)
Net decrease (increase) in loan and lease finance receivables (189,707) (203,040) (111,879) (179,054) 289,490
Proceeds on eminent domain condemnation, net NA NA NA NA 5,685
Proceeds from sale of building, net NA NA NA NA 5,487
Purchase of premises and equipment (1,869) (12,615) (4,893) (4,194) (3,061)
Proceeds from BOLI death benefit NA 0 2,653 2,383 1,509
Proceeds from sale of loans 3,629 6,417 0 0 NA
Proceeds from sale of asset held-for-sale 0 0 4,012 0 NA
Proceeds from sales of premises and equipment 926 NA NA NA NA
Proceeds from sales of other real estate owned 2,587 2,102 0 8,067 523
Cash used in sale of branch, net 0 (8,217) (25,266) 0 NA
Cash acquired from acquisition, net of cash paid 0 (7,504) 28,325 (132,918) 0
Net cash provided by investing activities (300,748) (154,016) 140,035 807,656 538,256

Cash Flows from Financing Activities

Net increase (decrease) in other deposits 378,321 541,210 (50,611) (444,316) 37,061
Net decrease in time deposits (65,719) (363,486) (47,342) (145,033) (70,221)
Repayment of FHLB advances (200,000) (5,000) 0 (297,571) 0
Net decrease in other borrowings 0 7,000 (53,000) 114,000 (275,086)
Net decrease in customer repurchase agreements 127,077 (87,255) (49,255) (111,518) (34,405)
Cash dividends on common stock (48,862) (51,625) (57,047) (65,966) (70,092)
Repurchase of common stock (834) (1,907) (1,128) (7,760) (1,535)
Proceeds from exercise of stock options 5,144 5,151 2,683 1,701 2,212
Tax benefit related to exercise of stock options 308 932 0 0 NA
Net cash used in financing activities 195,435 45,020 (255,700) (956,463) (412,066)
Net increase in cash and cash equivalents 329 15,536 22,744 19,571 273,600
Cash and cash equivalents, beginning of period 105,768 106,097 121,633 144,377 163,948
Cash and cash equivalents, end of period 106,097 121,633 144,377 163,948 437,548

Reconciliation of Net Earnings to Net Cash Provided by Operating Activities

Net earnings 99,145 101,429 104,411 152,003 156,546

Adjustments to reconcile net earnings to net cash provided by operating activities

Gain on sale of investment securities, net 22 (548) (402) 0 (5)
Impairment loss on asset held-for-sale 0 2,558 0 0 NA
Gain on sale of loans (732) (1,101) 0 0 NA
Gain on sale of branch 0 (272) (906) 0 NA
Gain on eminent domain condemnation, net 0 0 (2,894) 0 (5,685)
Gain on sale of building, net NA NA NA NA (4,545)
Gain on sale of other real estate owned (384) 27 0 (3,540) (105)
Increase in BOLI (4,029) (3,829) (4,932) (5,751) (5,592)
Net amortization of premiums and discounts on investment securities 19,540 21,005 18,017 13,531 7,593
Accretion of discount for acquired loans, net (4,032) (4,028) (5,159) (15,400) (22,369)
Provision for (recapture of) loan losses (5,600) (6,400) (8,500) 1,500 5,000
Recapture of provision for unfunded loan commitments (500) (450) (400) (250) NA
Valuation adjustment on other real estate owned 162 337 0 0 NA
Payments to FDIC, loss share agreement (1,089) (514) (519) (64) 0
Stock-based compensation 2,733 2,803 2,953 3,508 3,792
Depreciation and amortization, net (1,474) 5,324 2,657 8,349 16,993
Change in other assets and liabilities 1,880 8,191 34,083 14,492 (4,213)
Total adjustments 6,497 23,103 33,998 16,375 (9,136)
Net cash provided by operating activities 105,642 124,532 138,409 168,378 147,410

Supplemental Disclosure of Non-cashInvesting Activities

Securities purchased and not settled 1,696 23,777 0 0 NA
Transfer of loans to other real estate owned 3,721 0 0 420 9,450
Issuance of common stock for acquisition 0 21,642 37,637 722,767 0
Transfer of AFS securities to HTM securities 898,598 NA NA NA NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.