|
| Condensed Consolidated Statement of Cash Flows |
|
|
For the year ended December 31,
|
| Dollars in thousands |
|
2000 |
|
1999 |
|
1998 |
|
|
|
|
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
| Net income |
$ |
131,660 |
$ |
108,107 |
$ |
96,228 |
|
| Adjustments to net income |
|
56,610 |
|
3,710 |
|
38,295 |
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
|
188,270 |
|
111,817 |
|
134,523 |
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
| (Purchases) and sales or |
|
|
maturities of securities, net |
|
(286,171) |
|
(79,755) |
|
(156,600) |
|
| Loan originations net of principal collections |
|
(726,238) |
|
(682,061) |
|
(534,023) |
|
| Other, net |
|
212,969 |
|
(37,739) |
|
(63,798) |
|
|
|
|
|
|
|
|
|
Net cash used by investing activities |
|
(799,440) |
|
(799,555) |
|
(754,421) |
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
| Net increase in deposits |
|
1,037,568 |
|
366,329 |
|
453,454 |
|
| Net (decrease) increase in borrowings |
|
(112,260) |
|
(21,086) |
|
448,391 |
|
| Cash dividends paid |
|
(32,846) |
|
(30,172) |
|
(26,042) |
|
| Other, net |
|
(19,656) |
|
(27,998) |
|
(42,460) |
|
|
|
|
|
|
|
|
|
Net cash provided by financing activities |
|
872,806 |
|
287,073 |
|
833,343 |
|
|
|
|
|
|
|
|
| Net increase (decrease) in |
|
|
cash and cash equivalents |
|
261,636 |
|
(400,665) |
|
213,445 |
|
| Cash and cash equivalents at beginning of year |
|
290,178 |
|
690,843 |
|
477,398 |
|
|
|
|
|
|
|
|
| Cash and cash equivalents at end of year |
$ |
551,814 |
$ |
290,178 |
$ |
690,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equal Housing Lender | 
