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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 40,786 $ 36,841
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net accretion on securities and loans and leases 43 (355)
Amortization of borrowing costs 52 52
Amortization of operating lease right of use asset (1,356) 0
Stock-based compensation expense 4,961 6,851
Net (gain) loss on sale of investment securities 0 133
Provision for loan and lease losses 2,700 600
Deferred income taxes 78 (430)
Origination of loans held for sale (327,812) (302,967)
Unrealized (gain) loss on loans held for sale 6 119
Gain on sales of loans held for sale (6,616) (4,948)
Proceeds from sale of loans held for sale 325,968 307,062
Change in fair value of mortgage servicing rights 683 289
(Gain) loss on sale of other real estate and foreclosed assets (61) (103)
Depreciation and amortization 5,224 3,016
Net changes in assets and liabilities which provide (use) cash:    
Accrued interest receivable (1,797) (9,223)
Securities borrowed (144,268) 0
Customer, broker-dealer and clearing receivables (91,996) 0
Other assets 20,059 9,225
Accrued interest payable (247) 600
Securities loaned 139,514 0
Customer, broker-dealer and clearing payables 59,897 0
Accounts payable and other liabilities (4,387) (3,233)
Net cash provided by (used in) operating activities 21,431 43,529
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities (77,901) (39,936)
Proceeds from sales of securities 0 1,927
Proceeds from repayment of securities 117,772 15,830
Purchase of stock of regulatory agencies 0 (69,561)
Proceeds from redemption of stock of regulatory agencies 2 17,151
Origination of loans and leases held for investment (1,429,386) (1,350,179)
Proceeds from sale of loans and leases held for investment 4,143 10,714
Origination of mortgage warehouse loans, net (32,380) 0
Proceeds from sales of other real estate owned and repossessed assets 218 355
Principal repayments on loans and leases 1,017,332 1,073,409
Purchases of furniture, equipment and software (3,178) (3,194)
Net cash used in investing activities (403,378) (343,484)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 231,352 (1,907,762)
Proceeds from the Federal Home Loan Bank term advances 60,000 0
Repayment of the Federal Home Loan Bank term advances (5,000) (20,000)
Net (repayment) proceeds of Federal Home Loan Bank other advances (21,000) 2,143,000
Repayments of borrowings (35,300) 0
Tax payments related to settlement of restricted stock units (2,997) (4,087)
Cash dividends paid on preferred stock (154) (77)
Net cash provided by financing activities 226,901 211,074
NET CHANGE IN CASH AND CASH EQUIVALENTS (155,046) (88,881)
CASH AND CASH EQUIVALENTS—Beginning of year 857,368 622,850
CASH AND CASH EQUIVALENTS—End of period 702,322 533,969
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid on deposits and borrowed funds 42,200 35,917
Income taxes paid 9,653 7,980
Transfers to other real estate and repossessed vehicles 152 166
Transfers from loans and leases held for investment to loans held for sale 40,025 54,074
Loans and leases held for investment sold, cash not received 39,184 50,985
Operating lease liabilities for obtaining right of use assets $ 79,746 $ 0