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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 265,735 $ 185,754 $ 284,392
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (39,000) 121,718 13,800
Depreciation, amortization and accretion, net 51,844 63,071 67,824
Deferred income tax provision (benefits) 14,120 (19,396) 17,060
Stock-based compensation 13,106 10,028 7,826
Other (gains) losses (1,437) (4) 19
Originations of loans held for sale (87,336) (327,076) (19,164)
Proceeds from sales of loans held for sale 100,499 326,785 18,156
Net gains on sales of loans originated for investment and held for sale (2,706) (18,995) 1,102
Net (gains) losses on investment securities (102) 114 2,715
Change in assets and liabilities:      
Net increase in other assets (8,211) (17,880) (20,923)
Net increase (decrease) in other liabilities 110,613 (114,613) (76,303)
Net cash provided by operating activities 417,125 209,506 296,504
Available-for-sale securities:      
Proceeds from maturities and principal repayments 1,814,514 1,474,587 767,892
Proceeds from calls and sales 11,115 644,983 1,070,715
Purchases (4,428,656) (4,045,871) (1,301,041)
Other investments:      
Proceeds from sales 28,483 34,822 14,292
Purchases (80,464) (77,927) (30,996)
Loans:      
Net decrease (increase) in loans and leases resulting from originations and principal repayments 594,642 (217,530) (133,702)
Proceeds from sales of loans originated for investment 2,200 153,647 407,698
Purchases of loans (309,760) (41,146) (398,735)
Proceeds from bank-owned life insurance 7,903 3,089 7,682
Purchases of premises, equipment and software (20,458) (33,390) (29,354)
Proceeds from sales of premises and equipment 4,021    
Proceeds from sales of other real estate owned 141 787 759
Other   186 2
Net cash (used in) provided by investing activities (2,376,319) (2,103,763) 375,212
Cash flows from financing activities      
Net increase (decrease) in deposits 2,588,423 2,782,729 (705,074)
Repayment of short-term borrowings   (400,000)  
Repayment of long-term borrowings (200,010) (9) (10)
Dividends paid (134,133) (135,099) (138,246)
Stock tendered for payment of withholding taxes (3,108) (1,749) (1,764)
Proceeds from employee stock purchase plan 547 312  
Common stock repurchased (75,000) (5,000) (136,242)
Net cash provided by (used in) financing activities 2,176,719 2,241,184 (981,336)
Net increase (decrease) in cash and cash equivalents 217,525 346,927 (309,620)
Cash and cash equivalents at beginning of year 1,040,944 694,017 1,003,637
Cash and cash equivalents at end of year 1,258,469 1,040,944 694,017
Supplemental disclosures      
Interest paid 23,001 52,865 102,457
Income taxes paid, net of income tax refunds 55,354 53,272 70,508
Noncash investing and financing activities:      
Transfers from loans and leases to other real estate owned 316 437 310
Operating lease right-of-use assets obtained in exchange for new lease obligations 31,792 3,796 1,401
Transfers from loans and leases and other assets to other real estate owned 1,616 145,036 408,264
Obligation to fund low-income housing partnerships $ 35,721 $ 13,767 $ 31,628