XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
OPERATING ACTIVITIES:    
Net income $ 76,971,000 $ 112,623,000
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation 13,677,000 12,934,000
Deferred income and expense, net of amortization (8,503,000) (350,000)
Amortization of core deposit intangibles 5,867,000 6,090,000
(Gain) loss on sale of securities (815,000) 29,000
Net change in valuation of financial instruments carried at fair value 2,360,000 172,000
Dividend Income, Equity Securities, Operating (255,000) 0
(Increase) decrease in deferred taxes, net 1,279,000 (16,136,000)
Increase in current taxes payable 1,426,000 3,410,000
Stock-based compensation 6,893,000 5,101,000
Net change in cash surrender value of BOLI (3,721,000) (3,086,000)
Gain on sale of loans, including capitalized servicing rights (34,951,000) (11,834,000)
Loss on disposal of real estate held for sale and property and equipment, net 496,000 1,274,000
Provision for credit losses 64,917,000 6,000,000
Provision for credit losses - unfunded loan commitments 2,356,000 0
provision for losses, real estate held for sale 18,000 0
Origination of loans held for sale (1,032,523,000) (756,283,000)
Proceeds from sales of loans held for sale 1,091,984,000 694,259,000
Net change in:    
Other assets (51,796,000) (26,381,000)
Other liabilities 5,040,000 8,398,000
Net cash provided from operating activities 138,162,000 68,492,000
INVESTING ACTIVITIES:    
Purchases of securities—available-for-sale (608,192,000) (118,823,000)
Principal repayments and maturities of securities—available-for-sale 311,781,000 209,396,000
Proceeds from sales of securities—available-for-sale 128,939,000 43,114,000
Purchases of securities—held-to-maturity (215,780,000) (42,350,000)
Proceeds form the sale of equity securities 610,519,000 0
Principal repayments and maturities of securities—held-to-maturity 20,691,000 44,971,000
Purchases of equity securities (1,060,000,000) 0
Loan originations, net of principal repayments (855,936,000) (158,754,000)
Purchases of loans and participating interest in loans (18,000) (8,608,000)
Proceeds from sales of other loans 8,454,000 16,279,000
Gain (Loss) on Disposition of Assets 0 (10,382,000)
Purchases of property and equipment (9,936,000) (16,738,000)
Proceeds from sale of real estate held for sale and sale of other property 2,869,000 6,809,000
Proceeds from FHLB stock repurchase program 52,164,000 130,073,000
Purchase of FHLB stock (40,185,000) (123,740,000)
Other 3,913,000 1,461,000
Net cash used in investing activities (1,650,717,000) (27,292,000)
FINANCING ACTIVITIES:    
Increase in deposits, net 2,166,700,000 266,129,000
Proceeds from FHLBank Advance, Investing Activities 0 300,000,000
Repayments of long-term Federal Home Loan Bank Advances 0 (100,189,000)
Repayment of overnight and short term FHLB advances, net (300,000,000) (358,000,000)
Increase in other borrowings, net 58,508,000 1,019,000
Proceeds from Issuance of Subordinated Long-term Debt 98,027,000 0
Cash dividends paid (79,655,000) (42,073,000)
Taxes paid related to net share settlement of equity awards 1,447,000 1,904,000
Payments for Repurchase of Common Stock 31,775,000 53,922,000
Net cash provided from financing activities 1,910,358,000 11,060,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 397,803,000 52,260,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 307,735,000 272,196,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 705,538,000 324,456,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid in cash 31,817,000 45,348,000
Tax refunds received 27,515,000 18,220,000
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Loans, net of discounts, specific loss allowances and unearned income, transferred to real estate owned and other repossessed assets 1,588,000 $ 246,000
Dividends Payable $ 1,179,000