Other Links

Investor Search

  • Entire IR Site
    Press Releases Only
    Filings Only

Cash Flow Statement

Email pagePDF viewPrint viewEmail AlertRSS FeedsMobile IR Site
 2014 Q2 YTD2013 Y2012 Y2011 Y2010 Y
Source Document6/30/2014 12/31/2013 12/31/2013 12/31/2013 12/31/2012 
(in thousands)     
Cash flows from operating activities
Net income42,47086,13658,22444,54637,356
Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses(7,001)(6,125)40,75058,15166,900
Net gain on disposal of property and equipment(79)(217)(424)28672
Depreciation and amortization7,78616,24517,11217,36820,136
Net premium amortization on investment securities7,08814,65511,70010,3536,762
Net (gain) loss on investment securities transactions(88)(1)(348)(1,544)(170)
Net gain on sale of mortgage loans held for sale(7,601)(24,482)(29,606)(14,443)(15,321)
Net gain on sales of student loan portfolio NA NA NA NA (374)
Net gain on sale of mortgage servicing rights NA 0(19)01,525
Net gain on sale of OREO(766)(3,232)(1,041)(552)(708)
Write-down of OREO NA 3,5126,7247,4646,724
Loss on early extinguishment of debt NA 04280306
Write-downs of OREO and other assets pending disposal10 NA NA NA NA
Net reversal of impairment of mortgage servicing rights(56)(99)(771)1,275(787)
Deferred income tax expense3,76011,2768,7622,405(17,257)
Net increase in cash surrender value of company-owned life insurance(1,724)(446)(1,849)(1,824)(1,682)
Stock-based compensation expense2,1542,9362,4852,1111,764
Tax benefits from stock-based compensation expense1,2251,898360204239
Excess tax benefits from stock-based compensation expense(1,211)(2,031)(273)(124)(225)
Originations of mortgage loans held for sale(412,050)(1,557,288)(1,197,744)(897,773)1,121
Proceeds from sales of mortgage loans held for sale402,8251,603,7701,209,866902,239 NA
Changes in operating assets and liabilities
Increase in interest receivable(47)2,4193,1051,6543,495
Decrease (increase) in other assets(1,929)3,4404,08913,0398,158
Increase (decrease) in accrued interest payable353(1,539)(1,621)(5,055)(4,407)
Decrease in accounts payable and accrued expenses(4,788)(602)5,9133,579(4,969)
Net cash provided by operating activities30,331150,225135,822143,101109,258
Cash flows from investing activities
Purchases of investment securities
Proceeds from maturities, pay-downs and sales of investment securities
Purchases of company-owned life insurance(15,000)(45,000)00 NA
Proceeds from sales of mortgage servicing rights2664709075962,480
Extensions of credit to customers, net of repayments(155,523)(178,580)(128,919)90,54871,762
Proceeds from sale of student loan portfolio NA NA NA NA 25,032
Recoveries of loans charged-off5,34511,4668,1165,2312,889
Proceeds from sales of OREO4,23428,39742,81415,89620,336
Capital contribution to equity method investment NA 0(900)00
Capital distribution from unconsolidated subsidiary NA 01,23800
Capital expenditures, net of sales(6,309)(5,653)(14,420)(9,172)(7,998)
Net cash used in investing activities(94,249)(204,937)(141,079)(125,939)(387,511)
Cash flows from financing activities
Net increase (decrease) in deposits45,292(106,661)413,440(98,742)101,657
Net increase (decrease) in repurchase agreements5,548(48,348)(10,458)(103,911)146,013
Net increase (decrease) in short-term borrowings NA (29)25(4,984)(432)
Net increase (decrease) in other borrowed funds17 NA NA NA NA
Repayments of long-term debt(24)(243)(40)(302)(35,851)
Redemption of preferred stock0(50,000)00 NA
Repayment of junior subordinated debentures held by subsidiary trusts NA 0(41,238)00
Proceeds from issuance of common stock3,5479,8141,911385167,400
Common stock issuance costs NA NA NA NA (13,597)
Excess tax benefits from stock-based compensation expense1,2112,031273124225
Purchase and retirement of common stock(8,764)(448)(263)(248)(3,699)
Dividends paid to common stockholders(14,088)(17,909)(26,208)(19,233)(17,905)
Dividends paid to preferred stockholders NA 0(3,300)(3,422)(3,422)
Net cash provided by (used in) financing activities32,739(211,793)334,142(230,333)340,389
Net decrease in cash and cash equivalents(31,179)(266,505)328,885(213,171)62,136
Cash and cash equivalents at beginning of period534,827801,332472,447685,618623,482
Cash and cash equivalents at end of period503,648534,827801,332472,447685,618
Supplemental disclosures of cash flow information
Cash paid during the period for income taxes16,19039,87917,54016,64037,325
Cash paid during the period for interest expense8,65622,23431,73547,08667,514

Data shown on this page is extracted directly from the company's documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

Copyright 2014, © SNL Financial LC  Terms of Use