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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 400,881 $ 359,440 $ 173,979
Adjustments to reconcile net income to net cash provided by operating activities:        
Net amortization/accretion of premium/discount on securities 20,294 19,141 12,847
Depreciation, amortization and accretion 8,342 (23,604) (23,618)
Provision for loan losses 27,283 34,377 23,664
Gains on mortgage loans sold, net (24,335) (14,564) (18,625)
Investment losses (gains) on sales, net 5,941 2,254 8,265
Stock-based compensation expense 21,226 17,636 19,538
Deferred tax expense 14,696 11,765 28,165
Revaluation of deferred tax assets and liabilities 0 0 31,486
Losses (gains) on disposition of other real estate and other investments 2,927 84 (203)
Income from equity method investment (90,111) (51,222) (37,958)
Dividends received from equity method investment 51,312 33,651 21,650
Excess tax benefit from stock compensation (1,011) (2,966) (5,366)
Gains on other loans sold, net 3,624 3,287 1,488
Commercial loans held for sale originated (402,623) (356,597) (177,434)
Commercial loans held for sale sold 404,615 369,387 176,062
Consumer loans held for sale originated (1,396,968) (1,195,435) (1,100,866)
Consumer loans held for sale sold 1,373,678 1,234,551 1,090,489
Increase in other assets (57,499) (24,471) (37,023)
Increase (decrease) in other liabilities 79,264 60,617 (17,700)
Net cash provided by operating activities 434,288 470,757 165,864
Activities in securities available-for-sale:      
Purchases (1,455,073) (1,314,721) (1,290,717)
Sales 737,717 169,850 363,898
Maturities, prepayments and calls 372,300 323,571 323,235
Activities in securities held-to-maturity:      
Purchases (3,822) 0 0
Maturities, prepayments and calls 8,300 5,775 4,115
Increase in loans, net (1,927,811) (1,995,424) (1,558,646)
Purchases of premises and equipment and software (42,153) (23,739) (53,499)
Purchase of BOLI (110,000) (100,000) (55,000)
Proceeds from BOLI settlement 321 3,467 0
Proceeds from sales of software, premises, and equipment 66 2,967 23
Acquisitions, net of cash acquired 44,594 0 155,142
Proceeds from Sale of Other Real Estate 8,446 16,088 3,725
Payments related to derivative instruments 106,832 0 0
Increase in other investments (55,926) (56,918) (7,804)
Net cash used in investing activities (2,619,061) (2,969,084) (2,115,528)
Financing activities:      
Net increase in deposits 1,332,491 2,399,407 1,488,274
Net increase (decrease) in repurchase agreements 21,613 (30,521) (12,754)
Advances from Federal Home Loan Bank: Issuances 2,672,500 1,664,906 1,964,750
Advances from Federal Home Loan Bank: Payments (2,053,555) (1,541,212) (1,051,067)
Proceeds from subordinated debt and other borrowings, net of issuance costs 316,078 19,850 0
Repayments of other borrowings 184,175 620 220
Principal payments of capital lease obligation (226) (168) (149)
Proceeds from common stock issuance 0 0 192,194
Exercise of common stock options and stock appreciation rights, net of shares surrendered for taxes (3,694) (5,071) 494
Repurchase of common stock (61,416) (20,694) 0
Common stock dividends paid (49,828) (45,454) (35,907)
Net cash provided by financing activities 1,989,788 2,440,423 2,545,615
Net increase (decrease) in cash, cash equivalents, and restricted cash (194,985) (57,904) 595,951
Cash, cash equivalents, and restricted cash, beginning of year 721,692 779,596 183,645
Cash, cash equivalents, and restricted cash, end of year $ 526,707 $ 721,692 $ 779,596