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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities      
Net income $ 250,178 $ 202,820 $ 154,244
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 1,950 4,800 77,700
Stock-based compensation expense 16,158 14,926 10,737
Depreciation, amortization and accretion 49,018 23,168 14,893
Investment securities gain, net 9 (314) (16,710)
Net realized gain on sale of premises and equipment, loans held for investment and OPPO (4,777) (500) (1,334)
Net realized loss (gain) on sale and valuation adjustments of OREO (181) (40) 34
Gain on bank owned life insurance death benefit (965) (344) 0
Originations of loans held for sale (116,463) (336,455) (491,385)
Proceeds from sale of loans held-for-sale 125,161 352,823 483,130
Change in Fair Value of Loans Held-for-sale 169 339 (508)
Deferred income tax expense (benefit) (6,113) (6,629) (13,768)
Net change in:      
Interest receivable (8,889) 4,049 (7,992)
Interest payable 1,485 62 (933)
Other assets (35,491) 6,815 (48,539)
Other liabilities 29,073 (30,535) 32,791
Net cash provided by operating activities 300,684 235,065 192,292
Cash Flows From Investing Activities      
Loans originated, net of principal collected (1,061,878) 174,463 (619,543)
Investment in low income housing tax credit partnerships (2,850) (1,408) 0
Purchases of Debt Securities, Available-for-sale (186,547) (3,128,233) (2,118,667)
Purchases of Held-to-maturity Securities (97,658) (257,503) 0
Purchases of loans held for investment 0 279,734 50,035
Purchases of premises and equipment (7,210) (6,125) (8,720)
Purchases of Federal Home Loan Bank stock (68,841) (1) (53,240)
Proceeds from Sale of Debt Securities, Available-for-sale 741 89,219 194,697
Proceeds from Sale of Equity Securities 0 0 3,000
Proceeds from principal repayments and maturities of securities available for sale 769,991 764,253 603,129
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 188,445 107,578 0
Proceeds from sales of premises and equipment and loans held for investment 37,001 15,880 2,948
Proceeds from redemption of Federal Home Loan Bank Stock 30,961 7,464 91,080
Proceeds from sales of other real estate owned and other personal property owned 200 132 1,074
Proceeds from bank owned life insurance death benefit 1,955 671 1,050
Proceeds from Termination of Cash Flow Hedging Instrument 0 0 34,442
Net cash received in business combinations 0 154,984 0
Net cash used in investing activities (395,690) (2,358,360) (1,918,785)
Cash Flows From Financing Activities      
Net increase (decrease) in deposits (1,297,929) 2,402,669 3,185,167
Net increase in sweep repurchase agreements 9,155 12,154 9,422
Proceeds from employee stock purchase plan 2,110 2,350 2,028
Proceeds from Federal Home Loan Bank advances 2,928,030 30 1,331,000
Proceeds from Federal Reserve Bank borrowings 210,030 40 222,010
Proceeds from other borrowings 100 0 9,222
Payments for Federal Home Loan Bank advances (1,981,030) (30) (2,277,000)
Payments for Federal Reserve Bank borrowings (210,030) (40) (222,010)
Payments for other borrowings (100) 0 (9,222)
Payments for common stock dividends (94,314) (83,790) (95,509)
Repayments of Subordinated Debt 0 (35,000) 0
Payments for purchase of treasury stock 0 0 (20,000)
Payments for purchase and retirement of common stock 3,989 4,140 2,522
Net cash provided by (used in) financing activities (437,967) 2,294,243 2,132,586
Increase (decrease) in cash and cash equivalents (532,973) 170,948 406,093
Cash and cash equivalents at beginning of period 824,714 653,766 247,673
Supplemental Information:      
Interest paid 22,160 8,484 18,631
Income taxes paid, net of refunds 72,989 60,562 43,287
Non-cash investing and financing activities:      
Transfer of debt securities AFS to HTM 0 2,012,123 0
Transfer of Loans Held for Investment to Loans Held-for-sale 75,936 0 0
Loans transferred to OREO 0 0 1,033
Common stock issued in connection with acquistion 0 256,061 0
Premises and equipment expenditures incurred but not yet paid 71 63 302
Change in dividends payable on unvested shares included in other liabilities 80 51 706
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 291,741 $ 824,714 $ 653,766