XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 129,462 $ 64,228
Adjustments to reconcile to net cash provided by operating activities:    
(Benefit from)/provision for credit losses (8,466) 57,656
Depreciation and amortization 14,574 13,730
Net amortization of securities premiums and discounts 3,069 (240)
Realized securities (gains)/losses (417) 545
Gain on sales of loans (5,737) (4,215)
Cash receipts from the sale of loans originated for sale 294,387 297,690
Cash disbursements for loans originated for sale (277,480) (309,623)
Deferred income tax provision/(benefit) 4,662 (8,664)
Gain on sale of other assets (2,991) (2,308)
Decrease/(increase) in interest receivable 3,894 (1,084)
Increase/(decrease) in interest payable 69 (1,286)
Amortization of stock-based compensation arrangements 1,604 1,265
Excess tax benefit from stock-based compensation arrangements (1,622) (219)
Other, net 6,615 3,781
Net cash provided by operating activities 161,623 111,256
INVESTING ACTIVITIES    
Net cash received from acquisitions, net of cash paid 12,442 18,397
Net cash paid from sale of assets and liabilities, net of cash received (13,733)  
Net decrease in federal funds sold 15,000 1,000
Purchases of held for investment debt securities (845) (1,395)
Purchases of available for sale debt securities (251,874) (455,069)
Proceeds from maturities, calls and paydowns of held for investment debt securities 826 554
Proceeds from maturities, calls and paydowns of available for sale debt securities 306,231 357,845
Purchase of equity securities (490) (624)
Proceeds from paydowns and sales of equity securities 638 445
Net change in loans 561,540 (955,531)
Purchases of premises, equipment and computer software (20,859) (48,317)
Purchase of tax credits (4,107) (731)
Other, net 6,454 6,565
Net cash provided by (used in) investing activities 611,223 (1,076,861)
FINANCING ACTIVITIES    
Net change in deposits 1,708,393 967,250
Net change in short-term borrowings 2,400 (800)
Proceeds from long-term borrowings   3,000
Paydown of long-term borrowings 0 (3,000)
Proceeds from issuance of subordinated notes, net of debt issuance costs 59,150  
Issuance of common stock in connection with stock options, net 1,722 857
Common stock acquired (11,664) (3,098)
Net cash settlement of options (5,479) 0
Cash dividends paid (33,414) (31,361)
Net cash provided by financing activities 1,721,108 932,848
Net increase/(decrease) in cash, due from banks and interest-bearing deposits 2,493,954 (32,757)
Cash, due from banks and interest-bearing deposits at the beginning of the period 1,616,912 1,868,281
Cash, due from banks and interest-bearing deposits at the end of the period 4,110,866 1,835,524
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 8,356 18,741
Cash paid during the period for income taxes 27,800 22,025
Noncash investing and financing activities:    
Cash consideration for acquisitions 21,000 2,861
Fair value of assets acquired in acquisitions 283,962 47,838
Liabilities assumed in acquisitions 258,165 45,040
Unpaid common stock dividends declared $ 11,802 $ 11,105