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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net (loss) income $ (1,851,947) $ 83,750 $ 111,810 $ 74,033
Adjustments to reconcile net income to net cash used in operating activities:        
Goodwill impairment 1,784,936     0
Amortization of investment premiums, net 3,040     1,829
Loss on sale of investment securities, net 133     0
Provision for credit losses 118,085     13,684
Change in cash surrender value of bank owned life insurance (2,163)     (2,135)
Depreciation, amortization and accretion 10,273     11,554
Loss (gain) on sale of premises and equipment 18     (195)
Gain on store divestiture 0     (1,225)
Additions to residential mortgage servicing rights carried at fair value 10,023     3,887
Change in fair value of residential mortgage servicing rights carried at fair value 30,687     13,966
Stock-based compensation 2,253     754
Net decrease (increase) in equity and other investments 182     (791)
Gain on equity securities, net (814)     (695)
Gain on sale of loans and leases, net (38,346)     (13,025)
Change in fair value of loans held for sale (8,094)     (2,793)
Origination of loans held for sale (1,148,184)     (487,090)
Proceeds from sales of loans held for sale 1,235,581     428,298
Change in other assets and liabilities:        
Net increase in other assets (219,221)     (57,027)
Net decrease in other liabilities (25,117)     (28,872)
Net cash used in operating activities (118,721)     (53,617)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of investment securities available for sale (140,407)     (5,953)
Proceeds from investment securities available for sale 168,851     119,381
Proceeds from investment securities held to maturity 118     174
Purchases of restricted equity securities (19,999)     (205,400)
Redemption of restricted equity securities 8,400     198,202
Net change in loans and leases (109,523)     (23,252)
Proceeds from sales of loans and leases 22,038     15,848
Change in premises and equipment (3,943)     (2,365)
Proceeds from bank owned life insurance death benefits 57     1,550
Net cash paid in store divestiture 0     (44,646)
Net cash (used in) provided by investing activities (74,408)     53,539
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net increase in deposit liabilities 217,973     155,937
Net increase (decrease) in securities sold under agreements to repurchase 34,937     (8,207)
Proceeds from borrowings 600,000     230,670
Repayment of borrowings (310,000)     (50,000)
Dividends paid on common stock (46,248)     (46,254)
Proceeds from stock options exercised 0     21
Repurchase and retirement of common stock (8,573)     (1,918)
Net cash provided by financing activities 488,089     280,249
Net increase in cash and cash equivalents 294,960     280,171
Cash and cash equivalents, beginning of period 1,362,756   $ 902,808 622,637
Cash and cash equivalents, end of period 1,657,716 $ 1,362,756   902,808
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Interest 53,213     44,026
Income taxes 38,732     34,383
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:        
Changes in unrealized gains and losses on investment securities available for sale, net of taxes 80,143     24,712
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 58,579     4,920
Cumulative effect adjustment to retained earnings 40,181     244
Cash dividend declared on common stock and payable after period-end 46,237     46,297
Transfer of loans to loans held for sale 10,234     0
Change in GNMA mortgage loans recognized due to repurchase option $ 992     $ (8,760)