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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 339,889 $ 60,351 $ 159,718
Adjustments to net income:      
Depreciation and amortization expense 15,977 13,349 9,815
Provision for credit losses (70,876) 191,816 5,719
Share-based compensation expense 13,264 10,859 10,528
Loss (gain) on sale and disposal of premises and equipment 234 255 (42)
Loss (gain) on sale of or write down of other real estate owned 0 112 (55)
Net amortization on securities 24,468 15,971 4,745
Net (accretion) of discounts/premiums for acquired loans and deferred loan fees/costs (41,162) (40,291) (27,378)
Gain on sale of investment securities available-for-sale (16,906) (13,882) (8,571)
Loss on debt extinguishment 180 0 0
Originations of loans held for sale (51,098) (14,251) (98,232)
Proceeds from the sales of and principal payments from loans held for sale 44,734 16,552 111,952
Gain on sales of loans (4,428) (8,609) (6,642)
Deferred income tax expense (benefit) 28,807 (42,622) 7,496
Change in accrued expenses and other liabilities, net (29,038) (9,455) (6,265)
Income from bank-owned life insurance, net (9,000) (5,538) (2,689)
Amortization of intangible assets 15,936 17,072 17,245
Change in accrued interest receivable and other assets, net 59,234 20,609 5,346
Net cash provided by operating activities 320,215 212,298 182,690
Cash flows from investing activities:      
Net decrease in interest-bearing time deposits with financial institutions 629 0 3,435
Proceeds from sales of other real estate owned 0 534 405
Loan originations and payments, net (1,022,505) 53,972 266,632
Proceeds from sales of loans previously classified as loans held for investment 1,530 1,338,325 86,313
Purchase of loans held for investment 0 (66,470) (222,701)
Purchase of securities held-to-maturity (48,695) 0 0
Proceeds from prepayments and maturities of securities held-to-maturity 10,334 13,959 7,318
Purchase of securities available-for-sale (2,231,699) (2,715,499) (889,516)
Proceeds from prepayments and maturities of securities available-for-sale 563,061 268,463 114,520
Proceeds from sales of securities available-for-sale 901,137 766,512 551,784
Proceeds from the sales of premises and equipment 55 42 14,751
Proceeds from surrender of bank-owned life insurance 1,809 17,799 405
Purchase of bank-owned life insurance (150,000) 0 0
Purchases of premises and equipment (9,290) (11,408) (18,834)
Change in FHLB, FRB, and other stock, at cost (62) (22,664) 2,306
Funding of CRA investments, net (24,001) (10,182) (15,069)
Change in cash acquired in acquisitions, net 0 937,100 0
Net cash (used in) provided by investing activities (2,007,697) 570,483 (98,251)
Cash flows from financing activities:      
Net increase in deposit accounts 901,412 399,678 240,158
Net change in short-term borrowings 548,000 (691,000) (115,075)
Repayment of long-term FHLB borrowings (21,503) (5,000) (35,500)
Redemption of subordinated debentures (171,153) 0 (18,558)
Proceeds from issuance of subordinated debt, net 0 147,359 122,453
Cash dividends paid (121,887) (79,901) (53,867)
Repurchase and retirement of common stock (18,067) 0 (100,000)
Proceeds from exercise of stock options 1,001 1,652 2,679
Restricted stock surrendered and canceled (6,384) (1,653) (3,285)
Net cash provided by (used in) financing activities 1,111,419 (228,865) 39,005
Net change in cash and cash equivalents (576,063) 553,916 123,444
Cash and cash equivalents, beginning of year 880,766 326,850 203,406
Cash and cash equivalents, end of year 304,703 880,766 326,850
Supplemental cash flow disclosures:      
Interest paid 38,761 57,020 79,386
Income taxes paid 86,535 36,158 52,093
Noncash investing activities during the period:      
Transfers from portfolio loans to loans held for sale 1,006 1,330,946 89,259
Transfers from loans to other real estate owned 0 208 644
Transfers of investment securities from available-for-sale to held-to-maturity 319,924 0 0
Recognition of operating lease right-of-use assets (5,003) (12,277) (52,701)
Recognition of operating lease liabilities 5,003 12,277 52,701
Assets acquired and liabilities assumed in acquisitions (See Note 25):      
Fair value of stock and equity award consideration 0 749,603 0
Cash consideration 0 2 0
Fair value of assets acquired 0 8,102,281 0
Liabilities assumed $ 0 $ 7,352,676 $ 0