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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 185,843 $ 144,971
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 12,338 18,750
Loss (gain) on sale of investment securities, net 7,186 (14)
Gain on sale of other real estate owned, net (107) (196)
Valuation adjustment on other real estate owned 2,734 66
Provision for loan and lease losses 33,036 26,975
Change in cash surrender value of bank owned life insurance (4,267) (4,203)
Depreciation, amortization and accretion 22,600 27,411
Gain on sale of premises and equipment (687) (1,789)
Gain on store divestiture (1,225) 0
Additions to residential mortgage servicing rights carried at fair value (9,379) (13,390)
Change in fair value of residential mortgage servicing rights carried at fair value 38,624 324
Gain on redemption of junior subordinated debentures at amortized cost 0 (1,043)
Stock-based compensation 3,476 3,379
Net increase in equity and other investments (3,068) (1,504)
Gain (loss) on equity securities, net (83,302) 1,432
Gain on sale of loans and leases, net (34,471) (33,746)
Change in fair value of loans held for sale (7,685) (5,402)
Origination of loans held for sale (1,185,240) (1,526,715)
Proceeds from sales of loans held for sale 1,033,110 1,390,161
Change in other assets and liabilities:    
Net increase in other assets (114,975) (13,585)
Net (decrease) increase in other liabilities (12,309) 37,491
Net cash (used in) provided by operating activities (117,768) 49,373
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (322,410) (134,071)
Proceeds from investment securities available for sale 662,496 227,920
Proceeds from investment securities held to maturity 282 278
Proceeds from sale of equity securities 81,853 0
Purchases of restricted equity securities (205,400) (45,600)
Redemption of restricted equity securities 202,605 46,788
Net change in loans and leases (619,257) (687,453)
Proceeds from sales of loans and leases 58,478 41,613
Change in premises and equipment (5,387) (2,820)
Proceeds from bank owned life insurance death benefits 1,869 1,481
Proceeds from sales of other real estate owned 856 1,629
Net cash paid in store divestiture (44,646) 0
Net cash used in investing activities (188,661) (550,235)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 731,192 796,618
Net increase (decrease) in securities sold under agreements to repurchase 10,901 (20,633)
Proceeds from term debt borrowings 330,670 50,000
Repayment of term debt borrowings (260,670) (50,652)
Repayment of junior subordinated debentures at amortized cost 0 (10,598)
Dividends paid on common stock (92,551) (83,650)
Proceeds from stock options exercised 21 1,016
Repurchase and retirement of common stock (1,980) (12,507)
Net cash provided by financing activities 717,583 669,594
Net increase in cash and cash equivalents 411,154 168,732
Cash and cash equivalents, beginning of period 622,637 634,280
Cash and cash equivalents, end of period 1,033,791 803,012
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 96,766 51,048
Income taxes 58,827 38,029
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Change in unrealized gains on investment securities available for sale, net of taxes 60,326 (34,428)
Change in unrealized gains on junior subordinated debentures carried at fair value, net of taxes 17,701 (2,380)
Junior subordinated debentures, at fair value, cumulative effect adjustment 0 9,710
Cash dividend declared on common stock and payable after period-end 46,305 44,012
Change in GNMA mortgage loans recognized due to repurchase option (3,470) (3,223)
Transfer of loans to other real estate owned $ 948 $ 1,866