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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 122,044 $ 158,873 $ 143,112
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 14,131 11,567 10,451
Other net (accretion) amortization (9,890) 996 3,932
Provision for credit losses 107,741 11,198 7,764
Net securities (gains) losses (4,268) (4,320) 900
Mortgage banking income (22,736) (8,219) (5,840)
Stock compensation expense 5,653 5,321 4,361
(Increase) decrease in deferred income tax assets, net (10,518) 8,466 7,163
Increase in cash surrender value of bank-owned life insurance (7,359) (5,913) (6,427)
Contribution to pension plan   (3,000) (2,700)
Loans originated for sale (910,155) (328,319) (215,540)
Proceeds from the sale of loans originated for sale 786,352 308,856 227,100
Net change in equity securities 344 (104) (700)
Net change in: accrued interest receivable and other assets (30,280) (33,400) 19,895
Net change in: accrued interest payable and other liabilities 16,189 41,500 (1,347)
Other—net 2,358 (139) (233)
Net cash provided by operating activities 59,606 163,363 191,891
INVESTING ACTIVITIES      
Net (increase) decrease in loans held for investment (538,688) (61,804) 121,504
Available-for-sale debt securities:      
Proceeds from sales 226,099 125,839 82,134
Proceeds from maturities, prepayments and calls 803,006 438,259 267,936
Purchases of securities (585,930) (573,729) (841,696)
Held-to-maturity debt securities:      
Proceeds from maturities, prepayments and calls 200,100 163,667 78,938
Purchases of securities (82,695) (41,516) (89,933)
Equity securities:      
Proceeds from sales 203 4,090 1,511
Net cash received from business acquisitions   60,025 278,654
Proceeds from bank owned life insurance 832 1,156 4,772
Purchases of premises and equipment—net (7,551) (12,201) (4,669)
Sale of portfolio loans 42,416   48,990
Net cash provided by (used in) investing activities 57,792 103,786 (51,859)
FINANCING ACTIVITIES      
Increase (decrease) in deposits 1,435,497 (199,771) (129,878)
Proceeds from Federal Home Loan Bank borrowings 475,000 1,035,000 640,000
Repayment of Federal Home Loan Bank borrowings (1,341,814) (888,862) (589,546)
(Decrease) increase in other short-term borrowings (32,912) (44,788) 86,284
Principal repayments of finance lease obligations (422) (402) (334)
(Decrease) increase in federal funds purchased (7,500) 7,500 (25,000)
Repayment of junior subordinated debt (6,702) (33,506) (17,519)
Dividends paid to common shareholders (85,253) (66,571) (53,577)
Dividends paid to preferred shareholders (2,644)    
Issuance of common stock 59 72 1,578
Issuance of preferred stock, net of issuance costs 144,484    
Treasury shares purchased—net (24,540) (10,211) (426)
Net cash provided by (used in) financing activities 553,253 (201,539) (88,418)
Net increase in cash, cash equivalents and restricted cash 670,651 65,610 51,614
Cash, cash equivalents and restricted cash at beginning of the year 234,796 169,186 117,572
Cash, cash equivalents and restricted cash at end of the year 905,447 234,796 169,186
SUPPLEMENTAL DISCLOSURES      
Interest paid on deposits and other borrowings 75,082 87,145 68,618
Income taxes paid 36,975 31,375 18,700
Transfers of loans to other real estate owned 263 1,015 1,275
Transfers of portfolio loans to loans held for sale $ 42,416   48,990
Non-cash transactions related to OLBK, FFKT and FTSB acquisitions   493,935 $ 498,614
Transfers of held-to-maturity debt securities to available-for-sale debt securities   67,393  
Right of use assets obtained in exchange for lease obligations   $ 19,827