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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 138,027 $ 65,606
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (9,000) 63,600
Depreciation and amortization of premises and equipment 13,775 14,331
Amortization of TCI 14,002 15,237
Net amortization of investment securities premiums 7,546 5,599
Investment securities gains, net (33,511) (3,051)
Gain on sales of mortgage loans held for sale (14,094) (22,728)
Proceeds from sales of mortgage loans held for sale 554,406 584,924
Originations of mortgage loans held for sale (498,350) (601,783)
Amortization of intangible assets 293 264
Amortization of issuance costs and discounts on long-term borrowings 1,378 543
Debt extinguishment costs 32,575 2,878
Stock-based compensation 4,000 3,530
Other changes, net 22,537 (161,412)
Total adjustments 95,557 (98,068)
Net cash provided by (used in) operating activities 233,584 (32,462)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 125,811 187,819
Proceeds from principal repayments and maturities of AFS securities 246,740 147,551
Proceeds from principal repayments and maturities of HTM securities 58,470 40,374
Purchase of AFS securities (766,574) (418,395)
Purchase of HTM securities (227,687) 0
Sale of Visa Shares 33,962 0
Sale of FRB and FHLB stock 29,498 6,380
Net decrease (increase) in loans 300,929 (1,882,433)
Net purchases of premises and equipment (10,648) (13,881)
Net cash paid for acquisition 292 0
Net change in tax credit investments (8,065) (4,873)
Net cash used in investing activities (217,272) (1,937,458)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in demand and savings deposits 1,234,732 2,678,900
Net decrease in time deposits (349,627) (188,604)
Net decrease in short-term borrowings (96,317) (310,690)
Proceeds from long-term borrowings 620 495,898
Repayments of long-term borrowings (703,624) (85,893)
Net proceeds from issuance of common stock 2,715 3,198
Dividends paid (48,584) (42,333)
Acquisition of treasury stock 0 (39,748)
Net cash provided by financing activities 39,915 2,510,728
Net Increase in Cash and Cash Equivalents 56,227 540,808
Cash and Cash Equivalents at Beginning of Period 1,847,832 517,791
Cash and Cash Equivalents at End of Period 1,904,059 1,058,599
Cash paid during the period for:    
Interest 37,805 63,837
Income taxes 8,127 11,051
Supplemental Schedule of Certain Noncash Activities:    
Transfer of AFS securities to HTM securities $ 376,165 $ 0