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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net income $ 116,330 $ 106,892
Adjustments to reconcile net income to net cash provided by operating activities    
Recapture for credit losses (5,700) (6,300)
Stock-based compensation expense 7,910 6,936
Depreciation, amortization and accretion 22,599 7,056
Investment securities gain, net 0 314
Net realized gain on sale of premises and equipment and loans held for investment 1,339 279
Net realized loss on sale and valuation adjustments of OREO (148) (40)
Gain on bank owned life insurance death benefit 610 209
Originations of loans held for sale 90,137 195,632
Proceeds from sales of loans held for sale 96,022 208,789
Change in fair value of loans held for sale 171 145
Net change in:    
Interest receivable (1,136) 2,484
Interest payable 18 (49)
Other assets (7,201) 12,583
Other liabilities 24,488 (14,700)
Net cash provided by operating activities 161,563 127,442
Cash Flows From Investing Activities    
Loans originated, net of principal collected (700,946) (177,399)
Investment in low income housing tax credit partnerships (271) 0
Purchases of Debt Securities, Available-for-sale 183,803 1,527,512
Purchases of debt securities held to maturity (97,658) (22,915)
Purchases of loans held for investment 0 74,383
Purchases of premises and equipment (3,639) (3,087)
Proceeds from Sale of Debt Securities, Available-for-sale 0 26,914
Proceeds from principal repayments and maturities of debt securities available for sale 418,967 385,408
Proceeds from repayments and maturities of securities held to maturity 86,328 8,711
Proceeds from sales of premises and equipment 27,574 4,296
Proceeds from sales of other real estate and other personal property owned 200 132
Proceeds from bank owned life insurance death benefit 0 671
Net cash used in investing activities (453,248) (1,379,164)
Cash Flows From Financing Activities    
Net increase (decrease) in deposits (52,821) 1,475,570
Net decrease in sweep repurchase agreements (15,664) (2,865)
Proceeds from FHLB advances 20 10
Proceeds from FRB borrowings 20 0
Proceeds from employee stock purchase plan 1,017 1,098
Repayment of FHLB advances (20) (10)
Repayment of FRB borrowings (20) 0
Payments of Common Stock Dividends 47,428 40,244
Payments for purchase and retirement of common stock 3,937 4,071
Net cash provided by (used in) financing activities (118,833) 1,429,488
Increase (decrease) in cash and cash equivalents (410,518) 177,766
Cash and cash equivalents at beginning of period 824,714 653,766
Cash and cash equivalents at end of period 414,196 831,532
Supplemental Information:    
Cash paid for interest 4,930 4,082
Income Taxes Paid, Net 15,393 28,474
Non-cash investing and financing activities    
Securities transfer from AFS to HTM, fair value 0 2,012,123
Change in dividends payable included in other liabilities $ (358) $ (122)