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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 57,693 $ 38,865
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses   41,200
Depreciation, amortization and accretion, net 13,643 17,121
Deferred income tax provision 355 6,624
Stock-based compensation 3,037 2,802
Other losses (gains) 1,090 (15)
Originations of loans held for sale (61,552) (41,062)
Proceeds from sales of loans held for sale 67,067 35,435
Net gains on sales of loans originated for investment and held for sale (1,486) (2,459)
Net gains on investment securities   (85)
Change in assets and liabilities:    
Net decrease (increase) in other assets 27,030 (22,164)
Net increase (decrease) in other liabilities 47,323 (128,111)
Net cash provided by (used in) operating activities 154,200 (51,849)
Available-for-sale securities:    
Proceeds from maturities and principal repayments 448,655 259,447
Proceeds from calls and sales 145 78,472
Purchases (1,178,760) (272,324)
Other investments:    
Proceeds from sales 2,404 8,492
Purchases (14,515) (9,196)
Loans:    
Net increase in loans and leases resulting from originations and principal repayments (45,193) (276,113)
Proceeds from sales of loans originated for investment 220 132,011
Purchases of loans (558) (30,244)
Proceeds from bank-owned life insurance   906
Purchases of premises, equipment and software (3,791) (14,728)
Proceeds from sales of premises and equipment   185
Proceeds from sales of other real estate owned   69
Other (1,171) (1,035)
Net cash used in investing activities (792,564) (124,058)
Cash flows from financing activities    
Net increase in deposits 905,958 575,008
Dividends paid (33,812) (33,782)
Stock tendered for payment of withholding taxes (2,373) (1,504)
Common stock repurchased (9,543) (5,000)
Net cash provided by financing activities 860,230 534,722
Net increase in cash and cash equivalents 221,866 358,815
Cash and cash equivalents at beginning of period 1,040,944 694,017
Cash and cash equivalents at end of period 1,262,810 1,052,832
Supplemental disclosures    
Interest paid 8,894 24,163
Income taxes paid, net of income tax refunds 981 5,165
Noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new lease obligations 6,864  
Transfers from loans and leases to loans held for sale $ 1,840 $ 131,201