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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 270,345 $ 235,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of investment premiums, net 19,592 15,485
Loss (gain) on sale of investment securities, net 7,186 (14)
Loss (gain) on sale of other real estate owned, net 802 (324)
Valuation adjustment on other real estate owned 3,013 66
Provision for loan and lease losses 56,263 38,686
Change in cash surrender value of bank owned life insurance (6,365) (6,281)
Depreciation, amortization and accretion 33,126 40,015
Gain on sale of premises and equipment (1,568) (2,365)
Gain on store divestiture (1,225) (1,157)
Additions to residential mortgage servicing rights carried at fair value 16,772 22,012
Change in fair value of residential mortgage servicing rights carried at fair value 34,414 125
Gain on redemption of junior subordinated debentures at amortized cost 0 (1,043)
Stock-based compensation 5,826 5,519
Net increase in equity and other investments (1,217) (123)
(Gain) loss on equity securities, net (83,559) 1,894
Gain on sale of loans and leases, net (65,707) (59,485)
Change in fair value of loans held for sale (5,758) 1,103
Origination of loans held for sale (2,029,682) (2,283,639)
Proceeds from sales of loans held for sale 1,906,722 2,306,652
Change in other assets and liabilities:    
Net (increase) decrease in other assets (183,131) 6,167
Net (decrease) increase in other liabilities (20,180) 43,380
Net cash (used in) provided by operating activities (77,875) 318,601
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (563,606) (283,948)
Proceeds from investment securities available for sale 778,259 341,680
Proceeds from investment securities held to maturity 432 385
Proceeds from sale of equity securities 81,853 0
Purchases of restricted equity securities (220,200) (45,601)
Redemption of restricted equity securities 206,005 48,840
Net change in loans and leases (1,235,214) (991,726)
Proceeds from sales of loans and leases 88,776 119,783
Change in premises and equipment (8,230) (5,686)
Proceeds from bank owned life insurance death benefits 1,869 1,481
Proceeds from sales of other real estate owned 5,835 2,805
Net cash paid in store divestiture (44,646) (35,219)
Net cash used in investing activities (908,867) (847,206)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 1,347,046 981,648
Net decrease in securities sold under agreements to repurchase (434) (7,324)
Proceeds from borrowings 810,670 50,000
Repayment of borrowings (455,670) (100,652)
Repayment of junior subordinated debentures at amortized cost 0 (10,598)
Dividends paid on common stock (138,856) (127,662)
Proceeds from stock options exercised 21 1,065
Repurchase and retirement of common stock (7,228) (12,893)
Net cash provided by financing activities 1,555,549 773,584
Net increase in cash and cash equivalents 568,807 244,979
Cash and cash equivalents, beginning of period 622,637 634,280
Cash and cash equivalents, end of period 1,191,444 879,259
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 155,232 83,255
Income taxes 107,933 49,475
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Changes in unrealized gains and losses on investment securities available for sale, net of taxes 79,900 (56,219)
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 23,978 (4,174)
Junior subordinated debentures, at fair value, cumulative effect adjustment 0 9,710
Cash dividend declared on common stock and payable after period-end 46,245 46,253
Change in GNMA mortgage loans recognized due to repurchase option (3,690) (4,407)
Transfer of loans to other real estate owned $ 2,718 $ 2,587