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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (1,674,150) $ 270,345
Adjustments to reconcile net income to net cash used in operating activities:    
Goodwill impairment 1,784,936 0
Amortization of investment premiums, net 20,911 19,592
(Gain) loss on sale of investment securities, net (190) 7,186
Provision for credit losses 204,832 56,263
Change in cash surrender value of bank owned life insurance (6,433) (6,365)
Depreciation, amortization and accretion 28,494 33,126
Gain on sale of premises and equipment (369) (1,568)
Gain on store divestiture (5,945) (1,225)
Increase In Mortgage Servicing Rights Carried At Fair Value (37,484) (16,772)
Change in fair value of residential mortgage servicing rights carried at fair value 59,246 34,414
Stock-based compensation 6,781 5,826
Net increase in equity and other investments (1,662) (1,217)
Gain on equity securities, net (942) (83,559)
Gain on sale of loans and leases, net (212,353) (65,707)
Change in fair value of loans held for sale (16,519) (5,758)
Origination of loans held for sale (4,897,068) (2,029,682)
Proceeds from sales of loans held for sale 4,958,265 1,906,722
Change in other assets and liabilities:    
Net increase in other assets (231,781) (179,316)
Net decrease in other liabilities (59,519) (20,180)
Net cash used in operating activities (80,950) (77,875)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (595,396) (563,606)
Proceeds from investment securities available for sale 604,553 778,259
Proceeds from investment securities held to maturity 319 432
Proceeds from sale of equity securities 0 81,853
Purchases of restricted equity securities (20,001) (220,200)
Redemption of restricted equity securities 16,402 206,005
Net change in loans and leases (1,343,715) (1,229,379)
Proceeds from sales of loans and leases 60,777 88,776
Change in premises and equipment (11,526) (8,230)
Proceeds from bank owned life insurance death benefits 57 1,869
Net cash paid in store divestiture (81,172) (44,646)
Net cash used in investing activities (1,369,702) (908,867)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposit liabilities 2,288,262 1,347,046
Net increase in securities sold under agreements to repurchase 76,720 (434)
Proceeds from borrowings 600,000 810,670
Repayment of borrowings (510,000) (455,670)
Dividends paid on common stock (138,731) (138,856)
Proceeds from stock options exercised 0 21
Repurchase and retirement of common stock (8,628) (7,228)
Net cash provided by financing activities 2,307,623 1,555,549
Net increase in cash and cash equivalents 856,971 568,807
Cash and cash equivalents, beginning of period 1,362,756 622,637
Cash and cash equivalents, end of period 2,219,727 1,191,444
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 115,016 155,232
Income taxes 105,579 107,933
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Changes in unrealized gains and losses on investment securities available for sale, net of taxes 85,523 79,900
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 19,950 23,978
Cumulative effect adjustment to retained earnings 40,181 244
Cash dividend declared on common stock and payable after period-end 0 46,245
Transfer of loans to loans held for sale 6,187 0
Change in GNMA mortgage loans recognized due to repurchase option $ 15,617 $ (3,690)