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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities            
Net income $ 54,321   $ 72,244 $ 101,173 $ 138,923  
Adjustments to reconcile net income to net cash provided by operating activities:            
Provision for credit losses 25,000 $ 25,000 0 50,000 0  
Provision for losses on other real estate owned       717 494  
Deferred tax provision       (4,896) 8,592  
Depreciation and amortization       3,688 3,308  
Amortization of right-of-use asset       4,249 4,146  
Change in operating lease liabilities       535 (3,477)  
Net gains on sale and transfer of other real estate owned       (4,554) (193)  
Net gains on sale of loans       (85) 0  
Proceeds from sales of loans       2,850 0  
Originations of loans held for sale       (2,764) 0  
Amortization on alternative energy partnerships, venture capital and other investments       26,728 19,929  
Net gain on sales and calls of securities       (1,153) (13)  
Amortization/accretion of security premiums/discounts, net       3,953 1,165  
Loss on sales or disposal of fixed assets       45 0  
Unrealized loss/(gain) on equity securities (5,800)   (3,200) 323 (7,400)  
Stock based compensation and stock issued to officers as compensation       3,344 3,808  
Net change in accrued interest receivable and other assets       (10,592) (46,292)  
Net change in other liabilities       (1,330) 50,533  
Net cash provided by operating activities       172,231 173,523  
Cash Flows from Investing Activities            
Purchase of investment securities available-for-sale       (216,745) (425,661)  
Proceeds from sale of investment securities available-for-sale       107,539 50,225  
Proceeds from sale of equity securities       3,112 0  
Proceeds from repayments, maturities and calls of investment securities available-for-sale       427,139 183,563  
Purchase of Federal Home Loan Bank stock       (840) (975)  
Redemptions of Federal Home Loan Bank stock       1,680 975  
Net increase in loans       (536,212) (597,827)  
Purchase of premises and equipment       (3,316) (2,695)  
Proceeds from sales of other real estate owned       2,246 1,905  
Net increase in investment in affordable housing and alternative energy partnerships       (38,331) (23,540)  
Net cash used for investing activities       (253,728) (814,030)  
Cash Flows from Financing Activities            
Net increase in deposits       1,589,416 660,368  
Advances from Federal Home Loan Bank       1,450,000 3,200,000  
Repayment of Federal Home Loan Bank borrowings       (1,890,000) (3,180,000)  
Cash dividends paid       (49,332) (49,721)  
Repayment of other borrowings       0 (19,687)  
Proceeds from other borrowings       91 19,211  
Purchases of treasury stock       (12,880) (31,609)  
Repayment of short-term borrowings       (25,683) 0  
Proceeds from shares issued under Dividend Reinvestment Plan       1,707 1,681  
Taxes paid related to net share settlement of RSUs       (1,899) (2,300)  
Net cash provided by financing activities       1,061,420 597,943  
Increase/(Decrease) in cash, cash equivalents, and restricted cash       979,923 (42,564)  
Cash, cash equivalents, and restricted cash, beginning of the period   $ 593,778   593,778 600,290 $ 600,290
Cash, cash equivalents, and restricted cash, end of the period $ 1,573,701   $ 557,726 1,573,701 557,726 $ 593,778
Supplemental disclosure of cash flow information            
Interest       94,251 87,636  
Income taxes paid       32,104 33,807  
Non-cash investing and financing activities:            
Net change in unrealized holding loss on securities available-for-sale, net of tax       10,564 19,974  
Net change in unrealized holding loss on cash flow hedge derivatives       (4,513) (3,326)  
Transfers to other real estate owned from loans held for investment       $ 0 $ 860