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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 34,302 $ 167,925
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 189,731 41,825
Amortization of intangibles 2,473 2,312
Depreciation and amortization of premises and equipment 14,486 14,295
Net accretion of discounts and amortization of premiums and deferred fees (27,269) (38,813)
Share-based compensation 5,331 6,930
Fair value adjustments on mortgage servicing rights 5,229 3,825
Indemnity reserves on loans sold expense 4,793 93
Earnings from investments under the equity method, net of dividends or distributions (9,716) (9,027)
Deferred income tax (benefit) expense (23,152) 45,796
Gain on:    
Disposition of premises and equipment and other productive assets (1,369) (2,265)
Proceeds from insurance claims (366) 0
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (4,944) (4,058)
Sale of foreclosed assets, including write-downs (4,850) (3,772)
Acquisitions of loans held-for-sale (51,163) (44,748)
Proceeds from sale of loans held-for-sale 12,135 13,802
Net originations on loans held-for-sale (58,166) (53,231)
Net decrease (increase) in:    
Trading debt securities 117,276 105,838
Equity securities (273) (4,362)
Accrued income receivable 4,794 3,224
Other assets 55,644 28,709
Net (decrease) increase in:    
Interest payable (9,488) (6,915)
Pension and other postretirement benefits obligation 3,276 5,297
Other liabilities (65,735) (100,585)
Total adjustments 158,677 4,170
Net cash provided by operating activities 192,979 172,095
Cash flows from investing activities:    
Net increase in money market investments (2,679,671) (643,117)
Purchases of investment securities:    
Available-for-sale (1,550,746) (3,123,508)
Equity (15,219) (1,239)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 3,838,754 3,006,779
Held-to-maturity 2,877 2,587
Proceeds from sale of investment securities:    
Equity 12,321 2,679
Net disbursements on loans (192,839) (78,969)
Proceeds from sale of loans 1,884 7,806
Acquisition of loan portfolios (96,153) (129,875)
Return of capital from equity method investments 131 1,371
Payments to acquire equity method investments (440) 0
Acquisition of premises and equipment (15,133) (19,438)
Proceeds from insurance claims 366 0
Proceeds from sale of:    
Premises and equipment and other productive assets 6,659 5,975
Foreclosed assets 19,413 26,119
Net cash used in investing activities (667,796) (942,830)
Net increase (decrease) in:    
Deposits 1,047,341 1,169,706
Assets sold under agreements to repurchase (14,612) (80,659)
Other short-term borrowings 100,000 1
Payments of notes payable (43,800) (59,526)
Principal payments of finance leases (538) (439)
Proceeds from issuance of common stock 3,969 2,976
Payments for repurchase of redeemable preferred stock (28,017) 0
Dividends paid (29,726) (25,713)
Net payments for repurchase of common stock (500,222) (250,314)
Payments related to tax witholding for share-based compensation (2,579) (2,805)
Net cash provided by financing activities 531,816 753,227
Net increase (decrease) in cash and due from banks, and restricted cash 56,999 (17,508)
Cash and due from banks and restricted cash at beginning of period 394,323 403,251
Cash and due from banks and restricted cash at end of period $ 451,322 $ 385,743