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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities            
Net income $ 56,794   $ 72,835 $ 157,967 $ 211,758  
Adjustments to reconcile net income to net cash provided by operating activities:            
Provision/(reversal) for credit losses 12,500 $ 25,000 (2,000) 62,500 (2,000)  
Provision for losses on other real estate owned       717 494  
Deferred tax (benefit)/provision       (10,305) 9,911  
Depreciation and amortization       5,644 5,009  
Amortization of right-of-use asset       6,624 6,248  
Change in operating lease liabilities       (757) (5,298)  
Net gains on sale and transfer of other real estate owned       (4,216) (193)  
Net gains on sale of loans held for sale       (219) (795)  
Proceeds from sales of loans held for sale       6,406 38,742  
Originations of loans held for sale       (6,187) 0  
Amortization on alternative energy partnerships, venture capital and other investments       42,904 27,009  
Net (gain)/loss on sales and calls of securities       (1,153) 108  
Amortization/accretion of security premiums/discounts, net       6,211 2,376  
Loss on sales or disposal of fixed assets       45 0  
Unrealized loss/(gain) on equity securities 1,600   (400) 1,928 (7,764)  
Stock based compensation and stock issued to officers as compensation       4,608 5,597  
Net change in accrued interest receivable and other assets       (13,000) (31,640)  
Net change in other liabilities       (26,597) 64,186  
Net cash provided by operating activities       233,120 323,748  
Cash Flows from Investing Activities            
Purchase of investment securities available-for-sale       (272,961) (539,979)  
Proceeds from sale of investment securities available-for-sale       107,539 149,725  
Proceeds from sale of equity securities       3,112 0  
Proceeds from repayments, maturities and calls of investment securities available-for-sale       543,114 233,058  
Purchase of Federal Home Loan Bank stock       (840) (975)  
Redemptions of Federal Home Loan Bank stock       1,680 975  
Net increase in loans       (496,732) (803,291)  
Purchase of premises and equipment       (4,372) (5,125)  
Proceeds from sales of other real estate owned       4,308 1,905  
Net increase in investment in affordable housing and alternative energy partnerships       (60,129) (35,952)  
Net cash used for investing activities       (175,281) (999,659)  
Cash Flows from Financing Activities            
Net increase in deposits       1,342,019 955,679  
Advances from Federal Home Loan Bank       1,450,000 3,610,000  
Repayment of Federal Home Loan Bank borrowings       (1,890,000) (3,540,000)  
Cash dividends paid       (74,014) (74,422)  
Repayment of other borrowings       (7,663) (39,918)  
Proceeds from other borrowings       0 25,507  
Purchases of treasury stock       (12,880) (36,301)  
Repayment of short-term borrowings       (25,683) 0  
Proceeds from shares issued under Dividend Reinvestment Plan       2,573 2,522  
Taxes paid related to net share settlement of RSUs       (1,903) (2,300)  
Net cash provided by financing activities       782,449 900,767  
Increase in cash, cash equivalents, and restricted cash       840,288 224,856  
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 $ 1,434,066   $ 825,146 1,434,066 825,146 $ 593,778
Supplemental disclosure of cash flow information            
Interest       133,151 137,422  
Income taxes paid       35,490 43,507  
Non-cash investing and financing activities:            
Net change in unrealized holding loss on securities available-for-sale, net of tax       8,068 21,292  
Net change in unrealized holding loss on cash flow hedge derivatives       (3,981) (4,119)  
Transfers to other real estate owned from loans held for investment       0 860  
Loans transferred from held for investment to held for sale, net       $ 0 $ 75,285