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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 144,434 $ 58,914
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (35,000) 96,646
Depreciation, amortization and accretion, net 27,567 34,058
Deferred income tax provision (benefits) 7,168 (13,786)
Stock-based compensation 6,779 5,596
Other losses (gains) 76 (33)
Originations of loans held for sale (73,368) (123,331)
Proceeds from sales of loans held for sale 85,787 120,970
Net gains on sales of loans originated for investment and held for sale (2,442) (4,581)
Net (gains) losses on investment securities (102) 126
Change in assets and liabilities:    
Net decrease in other assets 19,740 18,272
Net increase (decrease) in other liabilities 67,557 (84,298)
Net cash provided by operating activities 248,196 108,553
Available-for-sale securities:    
Proceeds from maturities and principal repayments 920,073 597,670
Proceeds from calls and sales 2,820 644,703
Purchases (1,900,080) (2,195,832)
Other investments:    
Proceeds from sales 7,956 18,346
Purchases (60,155) (27,562)
Loans:    
Net decrease (increase) in loans and leases resulting from originations and principal repayments 183,820 (698,069)
Proceeds from sales of loans originated for investment 2,200 132,011
Purchases of loans (39,558) (40,611)
Proceeds from bank-owned life insurance 5,628 1,845
Purchases of premises, equipment and software (9,689) (20,646)
Proceeds from sales of premises and equipment 1,394  
Proceeds from sales of other real estate owned   316
Other (2,422) (1,951)
Net cash used in investing activities (888,013) (1,589,780)
Cash flows from financing activities    
Net increase in deposits 1,607,392 2,916,640
Repayment of short-term borrowings   (200,000)
Dividends paid (67,448) (67,547)
Stock tendered for payment of withholding taxes (2,845) (1,661)
Common stock repurchased (31,928) (5,000)
Net cash provided by financing activities 1,505,171 2,642,432
Net increase in cash and cash equivalents 865,354 1,161,205
Cash and cash equivalents at beginning of period 1,040,944 694,017
Cash and cash equivalents at end of period 1,906,298 1,855,222
Supplemental disclosures    
Interest paid 14,464 37,370
Income taxes paid, net of income tax refunds 30,399 4,242
Noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new lease obligations 7,221 1,965
Transfers from loans and leases to loans held for sale 1,839 130,863
Obligation to fund low-income housing partnerships $ 15,314 $ 11,369