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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (1,799,021) $ 185,843
Adjustments to reconcile net income to net cash used in operating activities:    
Goodwill impairment 1,784,936 0
Amortization of investment premiums, net 12,822 12,338
(Gain) loss on sale of investment securities, net (190) 7,186
Provision for credit losses 205,170 33,036
Change in cash surrender value of bank owned life insurance (4,319) (4,267)
Depreciation, amortization and accretion 20,015 22,600
Gain on sale of premises and equipment (3) (687)
Gain on store divestiture 0 (1,225)
Increase In Mortgage Servicing Rights Carried At Fair Value (23,470) (9,379)
Change in fair value of residential mortgage servicing rights carried at fair value 42,124 38,624
Stock-based compensation 4,756 3,476
Net increase in equity and other investments (739) (3,068)
Gain on equity securities, net (1,054) (83,302)
Gain on sale of loans and leases, net (119,647) (34,471)
Change in fair value of loans held for sale (14,273) (7,685)
Origination of loans held for sale (2,974,279) (1,185,240)
Proceeds from sales of loans held for sale 3,023,664 1,033,110
Change in other assets and liabilities:    
Net increase in other assets (264,389) (112,348)
Net decrease in other liabilities (36,279) (12,309)
Net cash used in operating activities (144,176) (117,768)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (353,601) (322,410)
Proceeds from investment securities available for sale 401,464 662,496
Proceeds from investment securities held to maturity 220 282
Proceeds from sale of equity securities 0 81,853
Purchases of restricted equity securities (19,999) (205,400)
Redemption of restricted equity securities 12,400 202,605
Net change in loans and leases (1,566,117) (618,401)
Proceeds from sales of loans and leases 41,386 58,478
Change in premises and equipment (9,171) (5,387)
Proceeds from bank owned life insurance death benefits 57 1,869
Net cash paid in store divestiture 0 (44,646)
Net cash used in investing activities (1,493,361) (188,661)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 2,363,045 731,192
Net increase in securities sold under agreements to repurchase 87,106 10,901
Proceeds from borrowings 600,000 330,670
Repayment of borrowings (410,000) (260,670)
Dividends paid on common stock (92,485) (92,551)
Proceeds from stock options exercised 0 21
Repurchase and retirement of common stock (8,611) (1,980)
Net cash provided by financing activities 2,539,055 717,583
Net increase in cash and cash equivalents 901,518 411,154
Cash and cash equivalents, beginning of period 1,362,756 622,637
Cash and cash equivalents, end of period 2,264,274 1,033,791
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 87,742 96,766
Income taxes 68,332 58,827
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Changes in unrealized gains and losses on investment securities available for sale, net of taxes 83,298 60,326
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 30,761 17,701
Cumulative effect adjustment to retained earnings 40,181 244
Cash dividend declared on common stock and payable after period-end 0 46,305
Transfer of loans to loans held for sale 9,674 0
Change in GNMA mortgage loans recognized due to repurchase option $ (1,752) $ (3,470)