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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 117,079 $ 144,434
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (4,747) (35,000)
Depreciation, amortization and accretion, net 30,872 27,567
Deferred income tax provision 14,228 7,168
Stock-based compensation 5,747 6,779
Other losses 2,304 76
Originations of loans held for sale (10,256) (73,368)
Proceeds from sales of loans held for sale 9,744 85,787
Net gains on sales of loans originated for investment and held for sale 36 (2,442)
Net gains on investment securities   (102)
Change in assets and liabilities:    
Net (increase) decrease in other assets (49,614) 19,740
Net increase in other liabilities 50,351 67,557
Net cash provided by operating activities 165,744 248,196
Available-for-sale securities:    
Proceeds from maturities and principal repayments 598,865 920,073
Proceeds from calls and sales 1,080 2,820
Purchases (913,268) (1,900,080)
Held-to-maturity securities:    
Proceeds from maturities and principal repayments, held-to-maturity 137,014  
Proceeds from calls 110  
Purchases, held-to-maturity (79,470)  
Other investments:    
Proceeds from sales 4,132 7,956
Purchases (21,386) (60,155)
Loans:    
Net decrease (increase) in loans and leases resulting from originations and principal repayments (168,986) 183,820
Proceeds from sales of loans originated for investment   2,200
Purchases of loans (149,512) (39,558)
Proceeds from bank-owned life insurance   5,628
Purchases of premises, equipment and software (5,966) (9,689)
Proceeds from sales of premises and equipment   1,394
Proceeds from sales of other real estate owned 176  
Other (1,744) (2,422)
Net cash used in investing activities (598,955) (888,013)
Cash flows from financing activities    
Net increase in deposits 785,308 1,607,392
Dividends paid (66,363) (67,448)
Stock tendered for payment of withholding taxes (3,527) (2,845)
Common stock repurchased (7,000) (31,928)
Net cash provided by financing activities 708,418 1,505,171
Net increase in cash and cash equivalents 275,207 865,354
Cash and cash equivalents at beginning of period 1,258,469 1,040,944
Cash and cash equivalents at end of period 1,533,676 1,906,298
Supplemental disclosures    
Interest paid 8,015 14,464
Income taxes paid, net of income tax refunds 5,356 30,399
Noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new lease obligations 4,979 7,221
Transfers (to) from loans and leases (from) to loans held for sale   1,839
Transfers to loans and leases from loans held for sale (834)  
Obligation to fund low-income housing partnerships   $ 15,314
Transfers of securities from available-for-sale to held-to-maturity $ 4,133,363