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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 284,757 $ 266,400 $ 210,544
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 23,076 39,765 57
Net amortization of debt securities 47,299 16,893 12,985
Net amortization of purchase accounting adjustments and deferred loan fees and costs (17,881) (57,627) (3,712)
Amortization of debt modification costs 0 0 4,630
Origination of loans held for sale (1,550,787) (2,070,843) (983,988)
Proceeds from loans held for sale 1,797,566 2,093,549 985,345
Gain on sale of loans (63,063) (99,450) (34,064)
Loss (gain) on sale of debt securities 638 (1,139) (14,415)
Bank-owned life insurance income, net (2,873) (2,724) (2,245)
Stock-based compensation, net of tax benefits 4,349 3,629 7,475
Depreciation and amortization of premises and equipment 21,768 20,420 18,592
(Gain) loss on sale and write-downs of other real estate owned, net (105) 139 73
Deferred tax benefit (9,095) (6,863) (356)
Amortization of core deposit intangibles 10,271 10,370 8,485
Amortization of investments in variable interest entities 13,457 11,282 9,700
Net decrease (increase) in accrued interest receivable 5,118 (17,663) 1,899
Net decrease (increase) in other assets 8,188 (20,926) 5,078
Net (decrease) increase in accrued interest payable (1,222) (1,507) 312
Net increase in other liabilities 588 5,840 254
Net cash provided by operating activities 572,049 189,545 226,649
Investing Activities      
Sales of available-for-sale debt securities 0 0 712,113
Maturities, prepayments and calls of available-for-sale debt securities 1,453,049 758,879 711,838
Purchases of available-for-sale debt securities (6,315,164) (3,254,912) (1,224,231)
Maturities, prepayments and calls of held-to-maturity debt securities 48,955 32,735 58,750
Purchases of held-to-maturity debt securities (222,695) 0 0
Principal collected on loans 6,529,504 4,732,941 3,250,220
Loan originations (7,000,632) (5,864,038) (3,623,548)
Net additions to premises and equipment (9,436) (11,717) (16,398)
Proceeds from sale of other real estate owned 3,313 5,572 4,670
Proceeds from redemption of non-marketable equity securities 4,218 76,618 118,516
Purchases of non-marketable equity securities (2) (71,399) (97,597)
Proceeds from bank-owned life insurance 2,112 0 0
Investments in variable interest entities (22,640) (12,088) (16,348)
Net cash received from acquisitions 1,622,717 43,713 79,333
Net cash used in investing activities (3,906,701) (3,563,696) (42,682)
Financing Activities      
Net increase in deposits 3,266,304 3,418,199 285,856
Net increase in securities sold under agreements to repurchase 16,211 427,510 172,264
Net decrease in short-term Federal Home Loan Bank advances 0 (30,000) (255,000)
Proceeds from long-term Federal Home Loan Bank advances 0 30,000 0
Repayments of long-term Federal Home Loan Bank advances 0 (38,589) (151,160)
Net increase in other borrowed funds 3,526 564 14,109
Cash dividends paid (145,557) (131,263) (124,468)
Tax withholding payments for stock-based compensation (1,553) (1,082) (1,293)
Proceeds from stock option exercises 265 993 2,896
Net cash provided by (used in) financing activities 3,139,196 3,676,332 (56,796)
Net (decrease) increase in cash, cash equivalents and restricted cash (195,456) 302,181 127,171
Cash, cash equivalents and restricted cash at beginning of period 633,142 330,961 203,790
Cash, cash equivalents and restricted cash at end of period 437,686 633,142 330,961
Supplemental Disclosure of Cash Flow Information      
Cash paid during the period for interest 19,779 28,822 42,461
Cash paid during the period for income taxes 67,306 63,021 36,817
Supplemental Disclosure of Non-Cash Investing Activities      
Transfer of debt securities from held-to-maturity to available-for-sale 844,020 0 0
Sale and refinancing of other real estate owned 0 215 7
Transfer of loans to other real estate owned 1,482 2,076 2,349
Right-of-use assets obtained in exchange for operating lease liabilities 801 7,406 9,948
Dividends declared during the period but not paid 11,352 14,572 18,686
Acquisitions      
Fair value of common stock shares issued 839,853 112,133 316,538
Cash consideration 9 13,721 16,424
Fair value of assets acquired 4,131,662 745,420 1,357,099
Liabilities assumed $ 3,291,800 $ 619,566 $ 1,024,137