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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net income $ 159,909 $ 95,944
Adjustments to reconcile net income to net cash provided by operating activities    
Provision (recapture) for credit losses (6,300) 82,400
Stock-based compensation expense 10,835 7,918
Depreciation, amortization and accretion 11,383 14,456
Investment securities gain, net 314 16,674
Net realized gain on sale of premises and equipment, loans held for investment and OPPO 268 953
Net realized (gain) loss on sale and valuation adjustments of OREO (40) 64
Gain on bank owned life insurance death benefit 209 0
Originations of loans held for sale 263,367 356,962
Proceeds from sales of loans held for sale 278,187 350,273
Change in fair value of loans held for sale 306 0
Net change in:    
Interest receivable 1,945 (9,879)
Interest payable (52) (399)
Other assets 15,761 (53,996)
Other liabilities (18,755) 31,703
Net cash provided by operating activities 189,101 143,767
Cash Flows From Investing Activities    
Loans originated, net of principal collected 108,551 (938,624)
Investment in low income housing tax credit partnerships (1,106) 0
Purchases of Debt Securities, Available-for-sale 2,408,578 996,951
Purchases of debt securities held to maturity (112,372) 0
Purchases of loans held for investment 176,545 0
Purchases of premises and equipment (4,334) (7,538)
Purchases of FHLB stock (1) (53,240)
Proceeds from sale of debt securities, available-for-sale 26,914 194,105
Proceeds from sale of equity securities 0 3,000
Proceeds from principal repayments and maturities of debt securities available for sale 586,288 406,767
Proceeds from repayments and maturities of securities held to maturity 42,653 0
Proceeds from sales of premises and equipment 4,287 2,128
Proceeds from redemption of Federal Home Loan Bank stock 1 91,080
Proceeds from sales of other real estate and other personal property owned 132 1,034
Proceeds from bank owned life insurance death benefit 671 1,050
Net cash used in investing activities (1,933,439) (1,297,189)
Cash Flows From Financing Activities    
Net increase in deposits 2,083,537 2,915,565
Net decrease in sweep repurchase agreements (33,819) (37,471)
Proceeds from FHLB advances 20 1,331,000
Proceeds from FRB borrowings 10 222,010
Proceeds from other borrowings 0 9,222
Proceeds from employee stock purchase plan 2,351 2,028
Repayment of FHLB advances (20) (2,277,000)
Repayment of FRB borrowings (10) (222,010)
Repayments of other borrowings 0 (9,222)
Payments for common stock dividends (59,922) (75,630)
Payments for purchase of treasury stock 0 (20,000)
Payments for purchase and retirement of common stock 4,100 2,498
Net cash provided by financing activities 1,988,047 1,835,994
Increase (decrease) in cash and cash equivalents 243,709 682,572
Cash and cash equivalents at beginning of period 653,766 247,673
Cash and cash equivalents at end of period 897,475 930,245
Supplemental Information:    
Cash paid for interest 6,085 15,913
Income Taxes Paid, Net 45,122 32,745
Non-cash investing and financing activities    
Securities transfer from AFS to HTM, fair value 2,012,123 0
Loans transferred to OREO 0 1,033
Premises and equipment expenditures incurred but not yet paid 87 301
Change in dividends payable included in other liabilities $ 23,927 $ 522