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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income $ 75,028 $ 73,384  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision/(reversal) for credit losses 8,643 (13,558)  
Deferred tax provision 3,118 6,135  
Depreciation and amortization 2,112 2,044  
Amortization of right-of-use asset 2,443 2,221  
Change in operating lease liabilities (1,744) 2,319  
Net gains on sale and transfer of other real estate owned (6) 0  
Net gains on sale of loans 0 (289)  
Proceeds from sales of loans 0 6,345  
Originations of loans held for sale 0 (6,056)  
Loss on sales or disposal of fixed assets 25 22  
Amortization on alternative energy partnerships, venture capital and other investments 8,287 11,641  
Net gain on sales and calls of securities 100 (853)  
Amortization/accretion of security premiums/discounts, net 1,494 2,282  
Unrealized (gain)/loss on equity securities (5,874) 2,752  
Stock-based compensation and stock issued to officers as compensation 1,614 1,243  
Net change in accrued interest receivable and other assets (13,309) 11,863  
Net change in other liabilities 4,726 (9,924)  
Net cash provided by operating activities 86,457 91,571  
Cash Flows from Investing Activities      
Purchase of investment securities available-for-sale (204,882) (50,450)  
Proceeds from repayments, maturities and calls of investment securities available-for-sale 45,393 148,685  
Proceeds from sale of investment securities available-for-sale 553 21,102  
Net increase in loans (413,721) (15,246)  
Purchase of premises and equipment (1,276) (760)  
Proceeds from sales of other real estate owned 307 0  
Net decrease/(increase) in investment in affordable housing and alternative energy partnerships 902 (5,950)  
Acquisition, net of cash acquired (73,882) 0  
Net cash (used)/provided for investing activities (646,606) 97,381  
Cash Flows from Financing Activities      
Net (decrease)/increase in deposits (573,720) 244,327  
Advances from Federal Home Loan Bank 0 50,000  
Repayment of Federal Home Loan Bank borrowings 0 (125,000)  
Cash dividends paid (25,515) (24,650)  
Purchases of treasury stock (32,896) 0  
Proceeds from shares issued under Dividend Reinvestment Plan 945 868  
Taxes paid related to net share settlement of RSUs (285) (1,279)  
Net cash (used)/provided by financing activities (631,471) 144,266  
(Decrease)/Increase in cash, cash equivalents, and restricted cash (1,191,620) 333,218  
Cash, cash equivalents, and restricted cash, beginning of the period 2,449,704 1,421,078 $ 1,421,078
Cash, cash equivalents, and restricted cash, end of the period 1,258,084 1,754,296 $ 2,449,704
Supplemental disclosure of cash flow information      
Interest 12,896 25,872  
Income taxes paid 1,281 2,891  
Non-cash investing and financing activities:      
Net change in unrealized holding loss on securities available-for-sale, net of tax (45,966) (4,887)  
Net change in unrealized holding gain on cash flow hedge derivatives 3,054 1,263  
Transfers to other real estate owned from loans held for investment $ 0 $ 0