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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities      
Net income $ 154,244 $ 194,451 $ 172,882
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 77,700 3,493 14,769
Stock-based compensation expense 10,737 9,271 8,354
Depreciation, amortization and accretion 14,893 34,213 32,971
Investment securities loss (gain), net (16,710) (2,132) 89
Net realized loss (gain) on sale of premises and equipment and OPPO (1,334) (7,317) 316
Net realized loss (gain) on sale and valuation adjustments of OREO 34 602 (1,218)
Gain on bank owned life insurance death benefit 0 (3,051) 0
Originations of loans held for sale (491,385) (210,484) (133,945)
Proceeds from sale of loans held-for-sale 483,130 196,615 135,862
Change in Fair Value of Loans Held-for-sale (508) 0 0
Deferred income tax expense (13,768) 330 108
Net change in:      
Interest receivable (7,992) (1,516) (4,442)
Interest payable (933) 632 164
Other assets (48,539) (23,464) 2,176
Other liabilities 32,791 14,308 6,679
Net cash provided by operating activities 192,292 204,747 237,201
Cash Flows From Investing Activities      
Loans originated, net of principal collected (619,543) (291,857) 2,069
Purchases of debt securities available for sale (2,118,667) (1,196,895) (965,585)
Purchases of loans held for investment 50,035 57,075 46,969
Purchases of premises and equipment (8,720) (8,447) (11,328)
Purchases of Federal Home Loan Bank stock (53,240) (273,800) (197,440)
Proceeds from Sale of Debt Securities, Available-for-sale 194,697 259,554 32,330
Proceeds from sale of equity securities 3,000 0 4,808
Proceeds from principal repayments and maturities of securities available for sale 603,129 428,025 465,747
Proceeds from sales of premises and equipment 2,948 8,634 16,030
Proceeds from redemption of Federal Home Loan Bank Stock 91,080 251,640 181,920
Proceeds from sales of other real estate owned and other personal property owned 1,074 6,506 7,261
Proceeds from bank owned life insurance death benefit 1,050 8,265 5,074
Proceeds from Termination of Cash Flow Hedging Instrument 34,442 0 0
Net cash used in investing activities (1,918,785) (865,450) (506,083)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits 3,185,167 226,958 (73,591)
Net increase in sweep repurchase agreements 9,422 3,343 7,035
Proceeds from exercise of stock options and employee stock purchase plan 2,028 2,025 1,857
Proceeds from Federal Home Loan Bank advances 1,331,000 6,845,000 4,936,000
Proceeds from Federal Reserve Bank borrowings 222,010 36,000 5,010
Proceeds from other borrowings 9,222 100 0
Payments for Federal Home Loan Bank advances (2,277,000) (6,291,000) (4,548,000)
Payments for Federal Reserve Bank borrowings (222,010) (36,000) (5,010)
Payments for other borrowings (9,222) (100) 0
Payments for common stock dividends (95,509) (101,911) (83,440)
Repayment of junior subordinated debentures 0 0 8,248
Repayment of term repurchase agreement 0 0 (25,000)
Payments for purchase of treasury stock (20,000) (50,834) 0
Payments for purchase and retirement of common stock 2,522 2,792 2,677
Net cash provided by financing activities 2,132,586 630,789 203,936
Increase (decrease) in cash and cash equivalents 406,093 (29,914) (64,946)
Cash and cash equivalents at beginning of period 247,673 277,587 342,533
Supplemental Information:      
Interest paid 18,631 35,916 18,066
Income taxes paid, net of refunds 43,287 47,375 24,067
Non-cash investing and financing activities:      
Loans transferred to OREO 1,033 386 1,200
Premises and equipment expenditures incurred but not yet paid 302 451 195
Change in dividends payable on unvested shares included in other liabilities $ 706 $ 354 $ 19