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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Cash flows from operating activities:    
Net earnings $ 242,488 $ 330,918
Depreciation and amortization 26,946 25,564
Amortization of net premiums on investment securities 29,742 16,561
Amortization of intangible assets 7,298 5,968
Amortization of operating lease ROU assets 15,100 15,215
Provision for credit losses 11,500 (136,000)
Gain on sale of foreclosed assets (3,170) (214)
Provision for losses on foreclosed assets 0 14
Gain on sale of loans and leases (72) (1,561)
Gain on sale of premises and equipment (5) (58)
Loss (gain) on sale of securities 1,105 (101)
Gain on BOLI death benefit 0 (51)
Unrealized gain on derivatives and foreign currencies, net (1,330) (995)
Earned stock compensation 17,255 15,406
(Increase) decrease in other assets (24,626) 22,808
Decrease in accrued interest payable and other liabilities (50,662) (62,869)
Net cash provided by operating activities 271,569 230,605
Cash flows from investing activities:    
Cash paid for acquisition, net 0 (123,090)
Net increase in loans and leases (3,600,769) (477,874)
Proceeds from sales of loans and leases 41,089 126,366
Proceeds from maturities and paydowns of securities available-for-sale 417,760 435,761
Proceeds from sales of securities available-for-sale 598,415 44,652
Purchases of securities available-for-sale (374,921) (2,497,439)
Proceeds from maturities and paydowns of securities held-to-maturity 82 0
Net purchases of Federal Home Loan Bank stock (15,960) 0
Proceeds from sales of foreclosed assets 16,317 1,647
Purchases of premises and equipment, net (10,423) (4,547)
Proceeds from sales of premises and equipment 9 95
Proceeds from BOLI death benefit 555 1,188
Net (increase) decrease in equipment leased to others under operating leases (3,196) 12,953
Net cash used in investing activities (2,931,042) (2,480,288)
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits (1,205,104) 2,021,120
Net increase in interest-bearing deposits 175,499 2,647,858
Net increase (decrease) in borrowings (1,592,000) (48,585)
Proceeds from subordinated notes offering 0 394,308
Proceeds from preferred stock offering 498,516 0
Common stock repurchased and restricted stock surrendered (8,770) (8,084)
Cash dividends paid (59,998) (59,503)
Net cash provided by financing activities 992,143 4,947,114
Net (decrease) increase in cash, cash equivalents, and restricted cash (1,667,330) 2,697,431
Cash, cash equivalents, and restricted cash, beginning of period 4,057,234 3,160,661
Cash, cash equivalents, and restricted cash, end of period 2,389,904 5,858,092
Supplemental disclosures of cash flow information:    
Cash paid for interest 38,596 24,683
Cash paid for income taxes 76,037 74,147
Loans transferred to foreclosed assets 304 647
Transfers from loans held for investment to loans held for sale 0 $ 25,554
Liabilities 36,972,320  
Assets 40,950,723  
Liabilities $ 36,972,320