XML 67 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 26,047 $ 56,663
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 44,030 5,100
Depreciation and amortization of premises and equipment 7,161 6,888
Amortization of TCI 7,619 8,155
Net amortization of investment securities premiums 2,707 2,075
Investment securities gains, net (46) (65)
Gain on sales of mortgage loans held for sale (6,181) (3,122)
Proceeds from sales of mortgage loans held for sale 195,649 142,739
Originations of mortgage loans held for sale (192,285) (140,286)
Amortization of intangible assets 132 107
Amortization of issuance costs and discounts on long-term debt 250 211
Stock-based compensation 1,619 1,560
Other changes, net (133,579) (41,754)
Total adjustments (72,924) (18,392)
Net cash (used in) provided by operating activities (46,877) 38,271
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities AFS 59,894 37,660
Proceeds from principal repayments and maturities of securities HTM 19,758 18,687
Proceeds from principal repayments and maturities of securities AFS 61,408 51,097
Purchase of securities AFS (390,936) (143,588)
Purchase of FRB and FHLB stock (21,567) (6,250)
Net increase in loans (250,993) (101,123)
Net change in tax credit investments (4,023) (11,363)
Net cash paid for acquisition 0 (3,907)
Net change in tax credit investments 128 8,003
Net cash used in by investing activities (526,587) (166,790)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in demand and savings deposits (34,866) (108,185)
Net increase in time deposits 5,979 110,004
Net increase in short-term borrowings 503,567 74,239
Additions to long-term debt 496,461 75,000
Repayments of long-term debt (13) (2,026)
Net proceeds from issuance of common stock 2,001 1,657
Dividends paid (21,348) (20,592)
Acquisition of treasury stock (39,748) (5,877)
Net cash provided by financing activities 912,033 124,220
Net Increase (Decrease) in Cash and Cash Equivalents 338,569 (4,299)
Cash and Cash Equivalents at Beginning of Period 517,791 445,687
Cash and Cash Equivalents at End of Period 856,360 441,388
Cash paid during the period for:    
Interest 36,576 40,695
Income taxes $ 1,072 $ 1,485