XML 18 R9.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 104,077,000 $ 113,400,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,204,000 1,061,000
Provision for credit losses 8,663,000 1,348,000
Gain on sale of loans (39,529,000) (53,742,000)
Proceeds from sales of loans 14,491,319,000 30,088,479,000
Loans and participations originated and purchased for sale (13,918,978,000) (29,764,386,000)
Purchases of low-income housing tax credits for sale (9,829,000)  
Change in mortgage servicing rights for paydowns and fair value adjustments (9,367,000) 543,000
Net change in:    
Mortgage loans in process of securitization 246,193,000 (123,181,000)
Other assets and receivables (17,738,000) (4,072,000)
Other liabilities 18,389,000 12,071,000
Other 371,000 (906,000)
Net cash provided by operating activities 874,775,000 270,615,000
Investing activities:    
Net change in securities purchased under agreements to resell 2,368,000 73,000
Purchases of available for sale securities (47,866,000) (130,204,000)
Proceeds from the sale of available for sale securities 0 34,469,000
Proceeds from calls, maturities and paydowns of available for sale securities 12,206,000 49,444,000
Purchases of loans (92,533,000) (250,678,000)
Net change in loans receivable (1,199,040,000) (126,810,000)
Proceeds from sale of loans receivable   262,086,000
Purchase of FHLB stock (10,326,000) (111,000)
Proceeds from sale of FHLB stock 784,000  
Proceeds from sale of servicing rights   438,000
Purchases of premises and equipment (5,113,000) (2,686,000)
Purchase of servicing rights (2,057,000)  
Purchase of limited partnership interests (13,225,000) (1,603,000)
Cash paid in deconsolidation of subsidiary   (464,000)
Other investing activities 2,924,000 366,000
Net cash used in investing activities (1,351,878,000) (165,680,000)
Financing activities:    
Net change in deposits (682,875,000) 629,407,000
Proceeds from borrowings 21,595,000,000 20,406,224,000
Repayment of borrowings (21,190,050,000) (21,053,107,000)
Proceeds from notes payable 2,000,000  
Proceeds from issuance of preferred stock   191,084,000
Repurchase of preferred stock   (41,625,000)
Repurchase of common stock (3,935,000)  
Dividends (17,505,000) (14,597,000)
Net cash provided by (used in) financing activities (297,365,000) 117,386,000
Net Change in Cash and Cash Equivalents (774,468,000) 222,321,000
Cash and Cash Equivalents, Beginning of Period 1,032,614,000 179,728,000
Cash and Cash Equivalents, End of Period 258,146,000 402,049,000
Supplemental Cash Flows Information:    
Interest paid 25,191,000 14,622,000
Income taxes paid, net of refunds 28,331,000 41,667,000
Transfer of loans from loans receivable to loans held for sale   166,688,000
Deconsolidation of debt fund entities