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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 185,754 $ 284,392 $ 264,394
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 121,718 13,800 22,180
Depreciation, amortization and accretion, net 63,071 67,824 54,903
Deferred income tax (benefit) provision (19,396) 17,060 (3,602)
Stock-based compensation 10,028 7,826 6,185
Other (gains) losses (4) 19 (1,062)
Originations of loans held for sale (327,076) (19,164) (29,707)
Proceeds from sales of loans held for sale 326,785 18,156 29,467
Net (gains) losses on sales of loans originated for investment and held for sale (18,995) 1,102 (199)
Net losses on investment securities 114 2,715  
OTTI losses on available-for-sale debt securities     24,085
Change in assets and liabilities:      
Net (increase) decrease in other assets (17,880) (20,923) 11,859
Net decrease in other liabilities (114,613) (76,303) (27,090)
Net cash provided by operating activities 209,506 296,504 351,413
Available-for-sale securities:      
Proceeds from maturities and principal repayments 1,474,587 767,892 810,260
Proceeds from calls and sales 644,983 1,070,715  
Purchases (4,045,871) (1,301,041) (130,252)
Other investments:      
Proceeds from sales 34,822 14,292 12,842
Purchases (77,927) (30,996) (65,239)
Loans:      
Net increase in loans and leases resulting from originations and principal repayments (217,530) (133,702) (572,488)
Proceeds from sales of loans originated for investment 153,647 407,698 562
Purchases of loans (41,146) (398,735) (270,272)
Proceeds from bank-owned life insurance 3,089 7,682 1,151
Purchases of premises, equipment and software (33,390) (29,354) (35,880)
Purchases of mortgage servicing rights     (6,444)
Proceeds from sales of other real estate owned 787 759 718
Other 186 2 (2,767)
Net cash (used in) provided by investing activities (2,103,763) 375,212 (257,809)
Cash flows from financing activities      
Net increase (decrease) in deposits 2,782,729 (705,074) (462,054)
Repayment of short-term borrowings (400,000)    
Proceeds from long-term borrowings     600,000
Repayment of long-term borrowings (9) (10) (10)
Dividends paid (135,099) (138,246) (131,036)
Stock tendered for payment of withholding taxes (1,749) (1,764) (53)
Proceeds from employee stock purchase plan 312   342
Common stock repurchased (5,000) (136,242) (131,800)
Net cash provided by (used in) financing activities 2,241,184 (981,336) (124,611)
Net increase (decrease) in cash and cash equivalents 346,927 (309,620) (31,007)
Cash and cash equivalents at beginning of year 694,017 1,003,637 1,034,644
Cash and cash equivalents at end of year 1,040,944 694,017 1,003,637
Supplemental disclosures      
Interest paid 52,865 102,457 80,381
Income taxes paid, net of income tax refunds 53,272 70,508 43,002
Noncash investing and financing activities:      
Transfers from loans and leases to other real estate owned 437 310 549
Operating lease right-of-use assets obtained in exchange for new lease obligations 3,796 1,401  
Transfers from loans and leases to loans held for sale 145,036 408,264  
Obligation to fund low-income housing partnerships $ 13,767 $ 31,628 $ 36,044