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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net income $ 14,628 $ 45,871
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 41,500 1,362
Stock-based compensation expense 2,172 2,285
Depreciation, amortization and accretion 13,151 8,182
Investment securities gain, net 249 1,847
Net realized (gain) loss on sale of premises and equipment and OPPO 25 (1)
Net realized loss on sale and valuation adjustments of OREO 0 (209)
Originations of loans held for sale 58,199 21,542
Proceeds from sales of loans held for sale 66,216 21,374
Net change in:    
Interest receivable 2,262 (1,512)
Interest payable 2,325 1,154
Other assets (63,141) (5,244)
Other liabilities 44,725 2,179
Net cash provided by operating activities 65,365 52,472
Cash Flows From Investing Activities    
Loans originated, net of principal collected (197,362) (80,407)
Purchases of debt securities available for sale (37,472) (3,710)
Payments to Acquire Loans Receivable 0 49,039
Purchases of premises and equipment (1,650) (1,788)
Payments for repayment of FLHB advances (51,240) (57,280)
Proceeds from sale of debt securities, available-for-sale 194,105 83,968
Proceeds from principal repayments and maturities of debt securities available for sale 134,641 100,876
Proceeds from sales of premises and equipment 31 11
Proceeds from redemption of Federal Home Loan Bank stock 61,080 57,640
Proceeds from sales of other real estate and other personal property owned 50 150
Proceeds from bank owned life insurance death benefit 1,050 0
Net cash provided by investing activities 103,233 50,421
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 128,059 (89,027)
Net decrease in sweep repurchase agreements (35,185) (38,076)
Proceeds from FHLB advances 1,281,000 1,432,000
Proceeds from FRB borrowings 182,010 0
Proceeds from other borrowings 5,000 0
Proceeds from exercise of stock options 945 878
Repayment of FHLB advances (1,527,000) (1,441,000)
Repayment of FRB borrowings 177,010 0
Payment of common stock dividends (35,860) (30,750)
Purchase of treasury stock (20,000) 0
Purchase and retirement of common stock 2,474 2,432
Net cash used in financing activities (200,515) (168,407)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (31,917) (65,514)
Cash and cash equivalents at beginning of period 247,673 277,587
Cash and cash equivalents at end of period 215,756 212,073
Supplemental Information:    
Cash paid for interest 6,150 6,712
Cash paid for income tax, net of refunds 12 (146)
Non-cash investing and financing activities    
Loans transferred to other real estate owned 0 386
Premises and equipment expenditures incurred but not yet paid 238 35
Change in dividends payable on unvested shares included in other liabilities $ 157 $ 14