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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 164,970 $ (73,351)
Adjustments to net income:    
Depreciation and amortization expense 8,081 5,525
Provision for credit losses (36,502) 186,089
Share-based compensation expense 6,562 4,848
Loss on sales and disposals of premises and equipment 71 211
Loss on sale of or write down of other real estate owned 0 55
Net amortization on securities 11,219 3,739
Net (accretion) of discounts/premiums for acquired loans and deferred loan fees/costs (21,409) (9,652)
Gain on sales of investment securities available-for-sale (9,131) (7,739)
Loss on debt extinguishment 1,150 0
Originations of loans held for sale (20,264) (10,163)
Proceeds from the sales of and principal payments from loans held for sale 17,609 13,490
(Gain) loss on sales of loans (1,907) 1,261
Deferred income tax expense (benefit) 20,647 (46,608)
Change in accrued expenses and other liabilities, net (22,500) 70,342
Income from bank owned life insurance, net (3,388) (2,119)
Amortization of intangible assets 8,144 8,029
Change in accrued interest receivable and other assets, net 47,069 (46,134)
Net cash provided by operating activities 170,421 97,823
Cash flows from investing activities:    
Net decrease in interest-bearing time deposits with financial institutions 137 0
Loan originations and payments, net (339,184) (527,053)
Proceeds from loans held for sale previously classified as portfolio loans 449 38,246
Purchase of loans held for investment 0 (66,470)
Proceeds from prepayments and maturities of securities held-to-maturity 4,790 5,208
Purchase of securities available-for-sale (1,331,037) (458,667)
Proceeds from prepayments and maturities of securities available-for-sale 273,521 63,985
Proceeds from sale of securities available-for-sale 464,651 339,853
Proceeds from the sales of premises and equipment 13 42
Proceeds from surrender of bank-owned life insurance 1,307 0
Purchase of bank-owned life insurance (150,000) 0
Purchases of premises and equipment (3,102) (1,198)
Change in FHLB, FRB, and other stock, at cost 86 (44)
Funding of CRA investments, net (13,603) (7,375)
Change in cash acquired in acquisitions, net 0 937,100
Net cash (used in) provided by investing activities (1,091,972) 323,627
Cash flows from financing activities:    
Net increase in deposit accounts 800,920 1,162,194
Net change in short-term borrowings (10,000) (681,000)
Repayment of long-term FHLB borrowings (21,503) (5,000)
Proceeds from issuance of subordinated debt, net 0 147,359
Redemption of junior subordinated debt securities (25,750) 0
Cash dividends paid (59,521) (29,874)
Repurchase and retirement of common stock (6,897) 0
Proceeds from exercise of stock options 732 1,024
Restricted stock surrendered and canceled (5,308) (1,273)
Net cash provided by financing activities 672,673 593,430
Net (decrease) increase in cash and cash equivalents (248,878) 1,014,880
Cash and cash equivalents, beginning of period 880,766 326,850
Cash and cash equivalents, end of period 631,888 1,341,730
Supplemental cash flow disclosures:    
Interest paid 21,614 28,057
Income taxes paid 35,211 125
Noncash investing activities during the period:    
Transfers from portfolio loans to loans held for sale 0 42,169
Recognition of operating lease right-of-use assets 0 (11,118)
Recognition of operating lease liabilities 0 11,118
Receivable on unsettled security sales 0 6,529
Due on unsettled security purchases (12,830) (33,960)
Fair value of stock and equity award consideration 0 749,603
Cash consideration 0 2
Fair value of assets acquired 0 8,097,225
Liabilities assumed $ 0 $ 7,347,620