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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 123,056 $ 171,764
Adjustments reconciling net income to net cash provided by (used in) operating activities:    
Depreciation 9,409 9,191
Net losses on sale or disposal of premises and equipment 74 39
Provision for credit losses 95,245 21,155
Net write-downs and (gains) losses on sale of other real estate owned 37 (1,758)
Share-based compensation expense 4,429 3,045
Amortization of intangible assets 9,394 10,325
Amortization of operating lease right of use assets 5,672 5,750
Provision for deferred taxes (10,507) 10,505
Net (accretion) amortization of debt securities available-for-sale (2,834) 588
Net (accretion) amortization of debt securities held-to-maturity (88) 51
Net amortization of other investments 753 396
Net gain on securities 0 (221)
Accretion of discount on purchased loans, net (464) (627)
Net amortization on other borrowings 703 216
Amortization of subordinated deferrable interest debentures 997 997
Loan servicing asset recovery 0 (20,492)
Originations of mortgage loans held for sale (1,839,990) (2,406,310)
Payments received on mortgage loans held for sale 8,629 19,746
Proceeds from sales of mortgage loans held for sale 1,826,177 2,833,622
Net (gains) losses on sale of mortgage loans held for sale (819) 78,173
Originations of SBA loans (22,506) (30,793)
Proceeds from sales of SBA loans 24,972 40,286
Net gains on sale of SBA loans (1,231) (3,484)
Increase in cash surrender value of bank owned life insurance (4,482) (3,716)
Gain on bank owned life insurance proceeds (486) 0
Gain on debt redemption (1,027) 0
Change attributable to other operating activities (949) (24,580)
Net cash provided by operating activities 224,164 713,868
Investing Activities, net of effects of business combinations    
Purchases of debt securities available-for-sale 0 (613,715)
Purchases of debt securities held-to-maturity (8,543) (33,217)
Proceeds from maturities and paydowns of debt securities available-for-sale 37,021 117,664
Proceeds from maturities and paydowns of debt securities held-to-maturity 982 1,362
Net (increase) decrease in other investments 583 (2,123)
Net increase in loans (653,613) (1,533,706)
Purchases of premises and equipment (7,881) (8,192)
Proceeds from sale of premises and equipment 19 46
Proceeds from sales of other real estate owned 1,955 4,962
Purchases of bank owned life insurance 0 (50,000)
Proceeds from bank owned life insurance 1,890 0
Net cash and cash equivalents paid in acquisitions 0 (14,003)
Net cash used in investing activities (627,587) (2,130,922)
Financing Activities, net of effects of business combinations    
Net increase in deposits 980,387 19,429
Net decrease in securities sold under agreements to repurchase 0 (4,892)
Proceeds from other borrowings 10,625,000 0
Repayment of other borrowings (10,963,423) (314,503)
Proceeds from exercise of stock options 476 2,324
Dividends paid - common stock (20,971) (20,843)
Purchase of treasury shares (17,048) (22,282)
Net cash provided by (used in) financing activities 604,421 (340,767)
Net increase (decrease) in cash, cash equivalents and restricted cash 200,998 (1,757,821)
Cash, cash equivalents and restricted cash at beginning of period 1,118,132 4,064,657
Cash, cash equivalents and restricted cash at end of period 1,319,130 2,306,836
Cash paid (received) during the period for:    
Interest 182,077 23,472
Income taxes 62,186 51,851
Loans transferred to other real estate owned 7,319 229
Loans transferred from loans held for sale to loans held for investment 5,374 167,727
Loans provided for the sales of other real estate owned 0 2,288
Right-of-use assets obtained in exchange for new operating lease liabilities 2,022 1,537
Assets acquired in business acquisitions 0 10,734
Liabilities assumed in business acquisitions 0 (3,269)
Change in unrealized loss on securities available-for-sale, net of tax $ (4,111) $ (28,225)