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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities          
Net income $ 99,035 $ 72,397 $ 263,041 $ 222,980  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision/(reversal) for credit losses 2,000 3,050 13,143 (19,508)  
Provision for losses on other real estate owned     0 (8)  
Deferred tax (benefit)/provision     (713) 8,867  
Depreciation and amortization     6,847 5,942  
Amortization of right-of-use asset     7,446 5,972  
Change in operating lease liabilities     (3,216) (1,456)  
Net gains on sale and transfer of other real estate owned     (6) (120)  
Net gains on sale of loans     (1) (357)  
Proceeds from sales of loans     33 5,351  
Originations of loans held for sale     0 (4,994)  
Loss on sales or disposal of fixed assets     46 55  
Amortization on alternative energy partnerships, venture capital and other investments     27,471 31,610  
Net gain on sales and calls of securities     (101) (853)  
Amortization/accretion of security premiums/discounts, net     2,875 6,128  
Unrealized (gain)/loss on equity securities 3,700 (3,000) (1,257) 3,628  
Stock-based compensation and stock issued to officers as compensation     6,032 4,999  
Net change in accrued interest receivable and other assets     (77,012) (21,607)  
Net change in other liabilities     125,345 (9,082)  
Net cash provided by operating activities     369,973 237,547  
Cash Flows from Investing Activities          
Purchase of investment securities available-for-sale     (583,992) (406,750)  
Proceeds from repayments, maturities and calls of investment securities available-for-sale     130,673 326,527  
Proceeds from sale of investment securities available-for-sale     553 21,102  
Net increase in loans     (1,122,519) (349,924)  
Purchase of premises and equipment     (3,093) (2,828)  
Benefits received from bank owned life insurance policies     0 2,752  
Proceeds from sales of other real estate owned     307 0  
Net increase in investment in affordable housing and alternative energy partnerships     (107) (19,039)  
Acquisition, net of cash acquired     (73,882) 0  
Net cash used for investing activities     (1,652,060) (428,160)  
Cash Flows from Financing Activities          
Net (decrease)/increase in deposits     (58,316) 897,713  
Advances from Federal Home Loan Bank     340,000 50,000  
Repayment of Federal Home Loan Bank borrowings     0 (180,000)  
Cash dividends paid     (76,111) (73,335)  
Purchases of treasury stock     (109,774) (100,668)  
Proceeds from shares issued under Dividend Reinvestment Plan     2,793 2,619  
Taxes paid related to net share settlement of RSUs     (2,864) (2,632)  
Net cash provided by financing activities     95,728 593,697  
(Decrease)/Increase in cash, cash equivalents, and restricted cash     (1,186,359) 403,084  
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 $ 1,263,345 $ 1,824,162 1,263,345 1,824,162 $ 2,449,704
Supplemental disclosure of cash flow information          
Interest     52,147 61,574  
Income taxes paid     59,981 65,291  
Non-cash investing and financing activities:          
Net change in unrealized holding loss on securities available-for-sale, net of tax     (115,612) (7,872)  
Net change in unrealized holding gain on cash flow hedge derivatives     5,803 2,194  
Loans transferred from held-for-investment to held-for-sale     32 0  
Transfers to other real estate owned from loans held for investment     $ 0 $ 205